The leading stablecoin firm Tether (USDT) has rolled out a private beta for a new tokenization platform. “Hadron by Tether” aims to simplify the tokenization process for stocks
Stablecoin issuer Tether has launched a private beta for a new tokenization platform called Hadron.
The platform is designed to make it easy for anyone to tokenize stocks, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a press release from Tether.
Hadron is fully non-custodial and runs on multiple blockchains, the announcement adds.
“Hadron is the beginning of a new era for finance,” said Tether CEO Paolo Ardoino in the prepared statement. “It leverages a very intuitive user interface to set up and configure multi-signature wallets, including hardware wallets. A deeply thought user experience streamlines the interaction between issuers and their users.”
The platform also includes tools for compliance, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring, according to the statement.
Tether has been presenting Hadron to various companies, institutions and governments in recent months, Ardoino added.
The largest stablecoin by market capitalization, USDT has over $126 billion in circulation and clocked nearly $170 billion in 24-hour trading volume as of Friday, according to CoinGecko. The asset aims to maintain a 1:1 peg to the US dollar.
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