Hassan Maishera
TLDR
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Tether has launched its real-world asset (RWA) tokenization platform called Hadron.
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The platform will allow users to tokenize stocks, bonds, stablecoins, and loyalty points.
Tether Launches Hadron
Tether, USDT’s issuer, announced earlier today that it had launched a real-world asset tokenization platform called Hadron. According to the company, the platform will allow users to tokenize "anything."
In its statement, Tether stated that,
"Tether’s new platform aims to offer a vast variety of asset types starting with vanilla reference products such as fiat-pegged or commodity-backed stablecoins, to more complex solutions such as digital asset collateralized tokens including basket-collateralized products."
According to Tether, users can tokenize stocks, bonds, stablecoins, and loyalty points on the platform. The stablecoin issuer added that other assets like land, precious art, or jewelry can be tokenized on Hadron.
The company said,
“Hadron by Tether supports multiple smart-contract enabled blockchains and Bitcoin Layer 2 solutions like Liquid by Blockstream. Hadron by Tether technology ensures best-in-class security models of issued tokens through the usage of strong cryptography and configurable multi-signature wallets, delivering high levels of modularity and optionality to adapt to any use case of our customers. These advancements are designed to simplify the full token lifecycle for individuals, businesses, and nation-states.”
This latest development signifies Tether’s desire to diversify its business from its core focus of issuing the world's largest U.S. dollar-pegged stablecoin, USDT. The company has already made investments in other areas, including agriculture.
Earlier this week, Tether launched its Wallet Development Kit (WDK), a comprehensive solution designed to streamline the integration of non-custodial wallets across digital platforms.
Last month, the company’s CEO revealed that Tether is exploring opportunities in TradFi and commodities trading via its newly launched Tether Investment arm. However, it recently abandoned its plans to launch its own blockchain and instead focuses on partnerships within the broader crypto ecosystem.
