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New Tether platform will allow tokenization of any asset
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Stablecoin issuer Tether announced this Thursday (14) the launch of a new real-world asset tokenization platform, called Hadron. The initiative allows users to tokenize a variety of assets, offering a broad and scalable solution for the market.
With this expansion, Tether seeks to diversify its operations beyond issuing the USDT stablecoin, currently the largest in the world with a value pegged to the dollar and an estimated supply of US$133 billion, according to data from CoinGecko.
According to Tether’s statement, the platform aims to enable the tokenization of a wide range of assets. Initially, Hadron will offer simpler benchmark products such as stablecoins pegged to fiat currencies and commodities.
However, the company also envisions more complex products, including tokens collateralized by digital assets, such as products with collateral comprised of different types of assets. The platform seeks to enable the tokenization of “anything,” which includes everything from stocks and bonds to stablecoins and loyalty programs.
Tether wants to enable tokenization of ‘anything’
An illustration released in Tether’s announcement exemplifies some possibilities that the platform encompasses. The image shows items such as a golf course, Bitcoin mining equipment, jewelry and a sports t-shirt. These examples represent the different types of assets that Hadron intends to tokenize, demonstrating the platform’s potential use for both physical and digital assets.
In addition to consolidating Tether’s position in the stablecoins sector, Hadron’s launch is part of a broader strategy to expand its operations in the traditional financial sector and commodity markets.
The company has also explored investments in other areas, such as the agricultural sector, in a move that seeks to diversify its operations and meet new market demands.
“We are making asset tokenization easier, safer and more scalable,” said Paolo Ardoino, CEO of Tether.
Hadron’s launch comes at a time of growing interest in the tokenization of real-world assets (RWA), which is gaining prominence in the blockchain sector. Other companies, like Ripple, are also implementing tokenization solutions for real assets.
Plume Network, for example, has already started tokenizing assets such as solar farms, private credits, invoices and mineral rights.
New Tether platform will allow tokenization of any asset
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New Tether platform will allow tokenization of any asset
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New Tether platform will allow tokenization of any asset
