Tether introduces ‘Hadron’, a real-world asset token platform
Stablecoin issuer Tether unveiled a real-world asset token platform dubbed “Hadron” that allows businesses, asset managers and nation states to issue and manage digital asset tokens for real-world financial instruments.
According to Tether, users can tokenize stocks, bonds, stablecoins, loyalty points and other real-world assets on the platform, which features Know Your Customer (KYC) and Anti-Money Laundering (AML) controls. Tether CEO Paolo Arduino issued this statement on the sidelines of the forum:
“As traditional financial institutions push for closed ecosystems that are opaque to citizens, Hadron by Tether reinforces our commitment to building a more inclusive future.”
Hadron includes “basket-backed products” that allow nation-states and corporations to issue digital asset tokens for baskets of commodities or other real-world securitized assets.
Commodity baskets and fiat currencies have come into renewed focus following the IMF's Special Drawing Rights (SDR) reform, the BRICS summit.
Tokenized assets are predicted to reach $10.9 trillion by 2030. Source: Gabor Gurbach
Related: Tether Launches Open Source Wallet Development Kit for Humans and AI
Tether expands into energy and offers commodity-backed tokens
The introduction of Tether's Hadron token platform comes amid the company's push into energy and commodity-backed blockchain tokens.
In October 2024, Tether presented a boron-backed token to the Turkish government. Turkey controls approximately 70% of the mineral's supply, which is used for a variety of applications, including fertilizers, household cleaning products and glass production.
The stablecoin issuer expanded into oil trading in the same month. Tether's $45 million transaction to ship 670,000 barrels of oil from the Middle East was financed with the Tether-US dollar stablecoin (USDT).
Tether announced the launch of its new dirham-peg stablecoin – the national currency of the United Arab Emirates (UAE) – on the Open Network (TON) blockchain at the TON Gateway event in Dubai.
The stablecoin firm reported $2.5 billion in profits for the third quarter of 2024 and the company has approximately $134 billion in total assets in its October 31 financial report.
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