Tether launches tokenization platform called Hadron for institutions, governments Tether launches tokenization platform called Hadron for institutions, governments
The new tokenization platform follows Tether's recent forays into traditional finance and wallet services.
2 min read
Updated: Nov. 14, 2024 at 11:25 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Tether launched a new tokenization platform called Hadron, which aims to service institutions, corporations, fund managers, and governments, according to a Nov. 14 press release.
The platform will allow clients to tokenize assets ranging from stocks and bonds to stablecoins and loyalty points.ย
Tether said Hadron offers seamless asset issuance, management, and investment opportunities through regulatory and security frameworks. Tokenization involves creating a digital representation of a real-world asset on the blockchain.
Tether CEOย Paolo Ardoino stated:
“By leveraging all Tether’s technology โ which today has already secured 125 billion dollars โ weโre making asset tokenization easier, secure, and scalable. Our goal is to create new opportunities for businesses and governments, while also making the digital asset space more accessible and transparent.”
He also said that while the traditional finance ecosystem creates closed ecosystems, Hadron aims to build an inclusive future.
Range of products
According to the announcement, Hadron will not focus on creating fiat-backed stablecoins. The new platform will allow issuers complete control over token life cycles, such as issuance and burn mechanisms, which let clients tokenize art, equities, and loyalty points.ย
Additionally, among the offerings are compliance tools, such as Know-Your-Customer (KYC), Anti-Money Laundering (AML), Know-Your-Transaction, Risk Management, and secondary market ecosystem monitoring over blockchains and centralized exchanges.
According to the announcement, Hadron will be available on “multiple smart-contract-enabled blockchains,โ including Bitcoin layer-2 solutions, such as Blockstream’s Liquid.ย
Hadron is Tether’s latest move in its plan to expand its offering to different segments of the financial industry. The firm’s traditional finance segment, Tether Trade Finance, recently used its Tether USD (USDT) stablecoin to fund a 670,000 barrels-oil deal in the Middle East, valued at $45 million.ย
Notably, this new division is Tether’s effort to leverage its $7.7 billion in profits registered until the end of the third quarter.
The company also recently announced a wallet development kit to create Bitcoin (BTC) and USDT wallets aimed at developers and artificial intelligence agents.
Mentioned in this article
Author 
Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
In this article
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
Bitcoin
$102,580.86
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Tether Limited
Tether Limited is the company that introduced Tether (USDโฎ or USDT), an asset-backed cryptocurrency stablecoin, in 2014.
Paolo Ardoino joined Bitfinex at the beginning of 2015 and now serves as Chief Technology Officer.