Tether says Hadron will support the tokenization of all types of assets, including stocks, bonds, currencies, and loyalty points. The market capitalization of the Tether-USD stablecoin has reached $126 billion, as around $7 billion in new USDt has been minted.
The Tether stablecoin issuer has introduced a real-world asset tokenization platform called "Hadron," allowing businesses, asset managers, and countries to issue and manage digital asset tokens based on real-world financial instruments.
According to Tether, users can tokenize stocks, bonds, stablecoins, customer loyalty points, and other real-world assets on this platform, with strong Know Your Customer (KYC) and Anti-Money Laundering (AML) controls.
Tether CEO, Paolo Ardoino, said during the platform launch event: "While traditional financial institutions always push for closed ecosystems, lacking transparency towards the public, Tether's Hadron reinforces our commitment to building a more inclusive future."
Hadron will also include "basket-backed products," allowing countries and businesses to issue digital asset tokens backed by commodity baskets or other securitized real-world assets.
Commodity baskets and fiat currencies have regained attention following the International Monetary Fund (IMF)'s proposal to reform the Special Drawing Rights (SDR) by the BRICS supranational organization — an international reserve asset consisting of a basket of five fiat currencies.
The introduction of Tether's Hadron tokenization platform comes as the company is ramping up its efforts related to energy and commodity-backed blockchain.
In October 2024, Tether proposed a boron-backed token to the Turkish government. Turkey controls around 70% of the supply of this mineral, which is used in many applications, including fertilizers, household cleaning products, and glass manufacturing.
Also that month, Tether expanded into the oil trading sector. A $45 million Tether transaction financed the transportation of 670,000 barrels of oil from the Middle East, using the USDT stablecoin.
Tether also announced the launch of a stablecoin pegged to the dirham — 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 company reported $2.5 billion in profits in Q3 2024 and revealed that they held around $134 billion in total assets in their financial report as of October 31.
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The article Tether introduces the "Hadron" RWA platform first appeared on CoinMoi.
