Tether simplifies tokenization for business with new platform

Tether, the world’s largest stablecoin issuer, has introduced its real-world asset tokenization platform that allows businesses to tokenize a variety of assets such as stocks, bonds, shares, loyalty points, and stablecoins.

According to the announcement made on November 14, Hadron was introduced to simplify tokenization for broader markets after decades of converting the dollar into a stablecoin.

This new platform provides end-to-end services that manage the entire lifecycle of digital tokenized assets from modularity, security and reliability.

Tether has also equipped this platform with various compliance features such as know your customer (KYC), anti-money laundering (AML), know your transaction and risk management.

Paolo Ardoino announced in his X post on November 14 that it is a non-custodial platform and supports multiple blockchains, so customers have full control and liability over their tokenized assets.

Hadron by Tether is the new platform as a service that encompasses all the tokenization technology Tether has created over the last 10 years in a product for enterprises and professionals.

With Hadron, customers can publish and manage the entire lifecycle of:
– stablecoins… https://t.co/Z5kZsJZDoi

— Paolo Ardoino 🤖🍐 (@paoloardoino) November 14, 2024

Not only can it power businesses, nation states can also use this platform to convert their assets to blockchain.

Tether is currently the world’s largest stablecoin issuer with a market value exceeding $126 billion. In the last financial report, Tether consolidated its nine-month profit of $7.7 billion with a net profit of $2.5 billion and total assets of $134 billion.

Tether has diversified businesses from finance to energy

In October 2024, the Tether investment arm financed a physical crude oil trade in a $45 million deal in USDT. After decades known as a stablecoin issuer, it is taking an important step in its diversification strategy.

This initiative will make it easier for major publicly traded oil companies to transfer their crude to a leading commodity trader. This milestone will mean transporting and loading 670,000 barrels of crude oil from Middle Eastern countries.

They also announced their collaboration with the United Arab Emirates (UAE) government to launch a new stablecoin pegged to the dirham. This stablecoin will be pegged to the AED value and will be fully backed by the country’s reserves.

This expansion is part of the company’s vision that the UAE will become a major global economic hub. Therefore, they fixed the UAE dirham to be tokenized and provided in the country’s financial market.