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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, bonds, funds, stablecoins, loyalty points, real estate, art and other assets, according to a new press release from the firm.
Tether chief executive Paolo Ardoino notes the platform is fully non-custodial and supported by multiple blockchains.
The CEO says Hadron represents “the beginning of a new era for finance.”
“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.
Among its suite of controls, deep emphasis has been placed on providing the most comprehensive set of tools for compliance, Know-Your-Customer (KYC), Anti-Money-Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring, spanning from blockchains to centralized exchanges.”
Ardoino also notes Tether has already presented Hadron to numerous companies, institutions and governments in recent months.
USDT, the largest stablecoin, has a market cap of more than $126 billion and clocked nearly $170 billion in 24-hour trading volume at time of writing. The asset aims to maintain a 1:1 peg to the US dollar.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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