Outside Source
World largest stablecoin issuer Tether has unveiled a real world asset tokenization platform that allows businesses to tokenize assets ranging from stocks, bonds, equities, loyalty points, and stable coin.
According to a Nov. 14 announcement, Hadron was introduced to simplify the tokenization for broader markets after decades tokenizing dollars into stable coin.
This new platform provides end-to-end services that manage the full life cycle of digital tokenized assets from modularity, security and reliability.
Tether has also equipped this platform with various compliance features such as know-your-customer (KYC), anti-money-laundering (AML), know-your-transaction, and risk management.
Paolo Ardoino, on his X post on Nov.14, announced this is a non-custodial platform and supports several blockchain, so the customers have full control and responsibility to their own tokenized asset.
Not only businesses could be powered, but also nation-states could utilize this platform for tokenizing their assets into blockchain.
Tether is currently the world’s largest stablecoin issuer with a market cap of over $126 billion. In the latest financial report, Tether consolidated their nine-month profit of $7.7 billion with net profit of $2.5 billion and $134 billion in total assets.
Tether diversified business from finance to energy
In October 2024, Tether investment arm financed a physical crude oil trade with a $45 million deal in USDT. Marking a significant move in its diversification strategy after decades known as stable coin issuer.
This initiative will facilitate major publicly traded oil companies to transfer their crude oil to a leading commodity trader. This milestone would transport and load 670,000 barrels of crude oil from Middle East countries.
They also announced their collaborations with the United Arab Emirates (UAE) government to launch new dirham-pegged stable coin. This stable coin will be tied to AED value and fully backed by the country’s reserve.
This expansion is part of company’s vision that UAE will become a significant global economic hub. Therefore, they pegged the UAE’s dirham to be tokenized and provided in the country’s financial market.
This article first appeared at crypto.news
