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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