Tether (CRYPTO:USDT), the stablecoin issuer, has launched a new platform called Hadron designed for the tokenisation of real-world assets.
This platform enables businesses, asset managers, and even governments to issue and manage digital asset tokens for a variety of financial instruments, such as stocks, bonds, and stablecoins.
Tether emphasised Hadron's comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols to ensure security and regulatory compliance.
“While traditional finance institutions have always pushed for closed ecosystems that are opaque to citizens, Hadron by Tether reinforces our commitment to building a more inclusive future,” Tether CEO Paolo Ardoino stated.
The platform will also offer “basket-collateralised products,” allowing the tokenisation of diversified assets, such as commodities and fiat currency baskets.
The introduction of Hadron follows renewed attention on basket-based financial products, inspired in part by the BRICS group’s call for an overhaul of the International Monetary Fund’s Special Drawing Rights (SDR), which currently consist of five major fiat currencies.
Hadron is part of Tether's broader move into real-world asset tokenisation and commodities.
In October 2024, Tether proposed a boron-backed token to Turkey, which holds around 70% of the world's boron supply.
The company also ventured into the oil sector, financing a $45 million transaction involving 670,000 barrels of oil from the Middle East, processed using its US dollar-pegged stablecoin, USDT.
Additionally, Tether launched a dirham-pegged stablecoin on The Open Network (TON) blockchain, expanding its footprint in the United Arab Emirates.
Financially, Tether reported $2.5 billion in profits for Q3 2024, with total assets of approximately $134 billion as of its October 31 financial statement.
With tokenised assets projected to reach $10.9 trillion by 2030, Tether’s Hadron platform underscores the firm's commitment to diversifying its offerings in the digital finance space.
At the time of reporting, the Tether price was $1.00.