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Tether Launches New Platform to Drive Asset Tokenization for Institutions and Governments

16.11.2024 12:00 1 min. read Alexander Stefanov
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Tether Launches New Platform to Drive Asset Tokenization for Institutions and Governments

Tether has launched Hadron, a new platform designed to support institutions, corporations, fund managers, and governments in tokenizing a wide range of assets, including stocks, bonds, stablecoins, and loyalty points.

The platform offers a secure and regulatory-compliant solution for asset issuance, management, and investment.

Hadron aims to make asset tokenization easier and more scalable by leveraging Tether’s technology, which has already secured $125 billion. CEO Paolo Ardoino emphasized the platform’s goal to create new opportunities for businesses and governments while promoting a more inclusive and transparent digital asset ecosystem. Unlike traditional finance, which often creates closed systems, Hadron seeks to build an open and accessible future.

The platform gives issuers full control over token lifecycle management, including issuance and burning, and offers compliance tools such as KYC, AML, and risk management. Hadron will be available across multiple smart contract-enabled blockchains, including Bitcoin’s Layer-2 solutions like Blockstream’s Liquid.

Hadron is part of Tether’s broader strategy to expand into various financial sectors. The company’s Tether Trade Finance division recently used USDT to fund a $45 million oil deal. With $7.7 billion in profits through Q3 2024, Tether continues to diversify its offerings, including a new wallet development kit for Bitcoin and USDT wallets aimed at developers and AI agents.

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