Tether, the world’s largest issuer of stablecoins, has begun to launch a ground breaking platform to tokenize real world assets as easy as never before has been possible with November 14, 2024.
Hadron is a new platform whereby businesses can tokenize virtually any asset from stocks, to bonds, equities, loyalty points and stablecoins. This is a major evolution for Tether, which has spent decades tokenizing dollars, as a stablecoin.
Our services, Hadron, handle the complete life cycle of digital tokenized assets, while maintaining modularity, security and reliability. In the announcement, Tether says the platform was built for tokenization of processes for broader markets to make ‘ease of tokenization possible for broader markets, including businesses and other nation states that can now tokenize their assets and integrate them into the blockchain ecosystem.’
Tether’s Hadron Offers Full Control for Tokenized Assets
Robust compliance features such as Know your Customer (KYC), Anti Money Laundry (AML), Know your Transaction (KYT) and risk management protocols enhance tokenization processes, with platforms remaining secure and such tokenization processes aligned to global regulatory standards.
Tether’s Chief Technology Officer, Paolo Ardoino, posted a social media message, noting that the platform Hadron is a noncustodial platform, so users retain full control and responsibility for their tokenized assets. With the flexibility in its platform, it supports multiple blockchains for the customers spread out across different ecosystems.
Ardoino highlighted Hadron is the platform is geared primarily toward businesses yet nation-states can also use Hadron to tokenize nation-state assets and revolutionize national wealth transfer on blockchain.
But it comes as the company is growing rapidly. Tether is the leader of the stablecoin market with a market capitalization of over $126 billion. Its latest financial report, in September, revealed a nine-month profit of $7.7 billion, a net profit of $2.5 billion and total assets of $134 billion.
Along with its new platform, Tether has been taking strategic decisions to diversify its business from stablecoin issuance. In October 2024, Tether’s investment arm also made a $45 million deal for USDT to trade on physical crude oil. It is a key milestone of the diversification strategy for Tether that sees this transaction of 670,000 barrels of crude oil transported from the Middle East to a leading commodity trader.
The company is also expanding its UAE partnership with the government to launch a dirham-pegged stablecoin. The UAE’s reserves anchor this stablecoin, which is pegged to Emirati dirham value and will be used broadly in the UAE’s financial market. Turning the UAE into a global economic hub is exactly what Tether is aiming for with its efforts to tokenize the nation’s national currency.
By making these moves, Tether isn’t just positioning itself as the foremost stablecoin; it’s putting itself in the sharpest-focused role in the digital asset and wider financial markets to show what blockchain can do for businesses and governments.
