On Thursday, Tether unveiled Hadron, a real-world asset tokenization platform including support for stocks and bonds. What do we know about this new product?
Hadron, Tether's new platform for tokenizing real-world assets
If we mainly talk about Tether as an issuer of stablecoins, its field of activities turns out to be more and more diversified over time. Once again, the company was able to show this by presenting “ Hadron by Tether », an asset tokenization platform.
💡 What is Real World Asset Tokenization (RWA)?
As the topic of real-world asset (RWA) tokenization becomes more and more prominent in the finance industry, that’s exactly where Hadron comes in. Indeed, the value proposition of this solution is to be able to “ All » put on a blockchain:
Tether, the largest company in the digital assets industry, today announced the launch of Hadron by Tether, a platform designed to simplify the tokenization of everything from stocks to bonds, stablecoins, loyalty points , etc.
So, Hadron presents itself as a toolbox for the “ Nation states and corporations “. Additionally, the platform also enables the implementation of anti-money laundering and Know Your Customer (KYC) verification solutions.
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In terms of compatibility, it is announced that this new feature supports several smart contract blockchains as well as layer 2 of Bitcoin and Liquid from Blockstream.
For his part, Paolo Ardoino, CEO of Tether, praised the merits of this platform:
Our goal is to create new opportunities for businesses and governments, while making the digital asset space more accessible and transparent. While traditional financial institutions have always pushed for closed and opaque ecosystems for citizens, Hadron by Tether reinforces our commitment to building a more inclusive future.
👉 On the same subject — Tether (USDT) has a very good quarter, consolidating its position as leader of stablecoins
As Hadron rolls out into the market, it will be interesting to see what uses it will be put to, and especially which players will choose to build with this solution.
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Source: Tether
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Since 2021, I have devoted my free time to seriously educating myself on cryptocurrencies in order to acquire maximum knowledge and credibility. I often have the opportunity to conduct interviews with influential figures in the blockchain industry. I also conduct in-depth analyzes on Web3 themes to offer exclusive content to Cryptoast readers.
Vincent Maire
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