Tether introduces ‘Hadron’ real-world asset tokenization platform
Stablecoin issuer Tether has revealed a real-world asset tokenization platform dubbed “Hadron,” which allows businesses, asset managers, and nation-states to issue and manage digital asset tokens for real-world financial instruments.
According to Tether, users can tokenize stocks, bonds, stablecoins, loyalty points, and other real-world assets on the platform, which also features robust Know Your Customer (KYC) and Anti-Money Laundering (AML) controls. Tether CEO Paolo Ardoino issued this statement alongside the platform reveal:
“While traditional finance institutions have always pushed for closed ecosystems that are opaque to citizens, Hadron by Tether reinforces our commitment to building a more inclusive future.”
Hadron will also include “basket-collateralized products,” which allow nation-states and corporations to issue digital asset tokens for baskets of commodities or other real-world, securitized assets.
Baskets of commodities and fiat currencies have come under renewed focus following the BRICS supranational organization’s proposed overhaul of the International Monetary Fund’s Special Drawing Rights (SDR) — an international reserve asset comprised of a collection of five fiat currencies.
Tokenized assets are projected to reach $10.9 trillion by 2030. Source: Gabor Gurbacs
Related: Tether launches open-source wallet development kit for humans and AI
Tether expands into energy and proposes commodity-backed tokens
Tether’s introduction of the Hadron tokenization platform comes amid the company's push into energy and commodity-backed blockchain tokens.
In October 2024, Tether proposed a boron-backed token to the Turkish government. Turkey controls approximately 70% of the mineral supply, which is used in a wide variety of applications, including fertilizers, household cleaning products, and glass manufacturing.
The stablecoin issuer also expanded into oil trading during the same month. Tether’s $45 million transaction financed the transport of 670,000 barrels of oil from the Middle East using the Tether-US dollar stablecoin ( USDT ).
Tether likewise announced the launch of its new dirham-pegged stablecoin — the national currency of the United Arab Emirates (UAE) — on The Open Network (TON) blockchain during the TON Gateway event held in Dubai.
The stablecoin firm reported $2.5 billion in profits for the third quarter of 2024 and revealed that the company had approximately $134 billion in total assets in an Oct. 31 financial report .
Magazine: Tokenizing music royalties as NFTs could help the next Taylor Swift
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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