Tether announced on Thursday the launch of its asset tokenization service. This comes after months of teasing from CEO Paolo Ardoino.
The new platform, Hadron, aims to simplify the process of converting various real-world assets into digital tokens on blockchain networks.
These assets can include bonds, commodities, stocks, other stablecoins, and loyalty points. According to a blog post, Tether’s end goal is to provide “alternative financing and capital markets opportunities for nation states and corporations” with the help of Hadron.
The service offers comprehensive tokenization services, such as risk management, know-your-customer (KYC) and anti-money-laundering (AML) compliance, and monitoring of secondary markets.
Initially, the platform will support Ethereum, Avalanche, and the Bitcoin scaling network Liquid by Blockstream.
