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Tether To Open Access to Its RWA Tokenization Platform Hadron

Tether To Open Access to Its RWA Tokenization Platform Hadron

BeInCryptoBeInCrypto2024/12/17 11:46
By:Landon Manning

Tether’s Hadron platform will soon provide RWA tokenization services via APIs for institutions. The firm also doubles down on its European market strategy amid regulatory hurdles.

Stablecoin issuer Tether is planning to offer “the entire user experience” of Hadron, its RWA tokenization platform, by February. Institutional investors will be able to access its “platform-as-a-service” toolkit via APIs.

The firm is also using Hadron in a new partnership in the EU stablecoin market, showing its continued interest in maintaining European influence.

Tether to Offer Hadron Services

Tether, one of the crypto market’s leading stablecoins, is ramping up its RWA tokenization efforts. The firm launched Hadron, a spinoff focusing on the “tokenize anything” model, earlier this year.

However, according to the latest post from Tether CEO Paolo Ardoino, Hadron is about to enter a new business phase.

“We’re targeting to offer the entire user experience of Hadron by Tether accessible via APIs by early February. Any institution and enterprise will be able to integrate Hadron in their platforms seamlessly. The best digital asset tokenization tech will be soon fully programmable,” Ardoino stated.

This is not Tether’s first entry into the growing RWA tokenization market. Earlier this year, it also released Alloy, a token connected to the value of gold.

The RWA tokenization space is lucrative, surpassing $10 billion this August. This prompted a new wave of institutional investment. However, Tether might have another motivation to broaden access to Hadron.

Due to the new MiCA regulations in the EU, Tether has been signaling a retreat from the European market. The firm has minted 19 billion USDT tokens in one month, at least partially in response to new efforts to take over its EU dominance.

In its recent announcement that it was discontinuing EURT support, Tether also promoted Hadron as a new product. Shortly before making his statement about Hadron access, Ardoino also claimed that Tether is investing in a European stablecoin provider.

Hadron’s “platform-as-a-service” model is primarily intended for RWA tokenization, but firms can also leverage it for its comprehensive compliance toolkit, risk management, secondary market ecosystem monitoring, and more.

“More than 300 companies and institutions contacted Hadron by Tether for a demo. The future is tokenized,” Ardoino previously wrote on X.

Overall, Tether is opening Hadron as an RWA tokenization platform for broad consumer use, but that’s not its only intention. The firm is also facing a serious regulatory setback in the EU market, and it will use Hadron to help maintain relevance. Tether has made other investments to this end, but Hadron’s services are also an important asset.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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