Tether claims Hadron will support the tokenization of all types of assets, including stocks, bonds, currencies, and loyalty points.
Tether, the company behind the largest stablecoin in the cryptocurrency market, USDT, announced the launch of Hadron, a real world asset (RWA) platform on November 14, 2024.
In the announcement, Tether asserted that Hadron will enable the tokenization of nearly any type of asset, from stocks, bonds, fiat currencies, and even loyalty points.
“Tether’s new platform will offer a wide range of tokenized assets, from simple fiat-backed stablecoins or commodities, to complex digital asset-backed tokens and a basket of products.”
In addition, even physical objects such as real estate, jewelry, and artwork can be tokenized through Hadron.
Tether claims that tokenized assets on Hadron will be non-custodial, meaning customers will always maintain control and ownership of the original assets, as well as support for multiple blockchains. The platform will impose compliance measures such as KYC/AML requirements, risk management, and secondary market monitoring.
Hadron has been introduced to many organizations, companies, and governments, receiving positive feedback.
Tether CEO Paolo Ardoino commented: “We believe Hadron will significantly improve the efficiency of the financial industry. By leveraging all of Tether’s existing technology, with $125 billion in assets under protection, we will make tokenization simpler, safer, and more scalable. The goal of the project is to bring new opportunities to governments and businesses, while making the digital asset sector more transparent and accessible.”
Hadron is the next solution launched by Tether to diversify the services provided by this company, expanding beyond the issuance of stablecoins. As reported by Coin68, Tether has recently entered the commodities market by conducting a $40 million crude oil transaction, along with investments in energy, agriculture and medical technology companies.
In the Q3/2024 report, Tether said that the profit in the last quarter reached $2.5 billion, bringing the total profit in 2024 to a whopping $7.7 billion.
