Tether (USDT), the issuer of the stablecoin USD, has recently announced the upcoming launch of a new tokenization platform that supports fully non-custodial and multi-chain/multi-asset functionality, with high customizability.
Tether has been active lately, not only with its main business of USDT surpassing a circulation of $100 billion for the first time, but also making significant progress in AI, Bitcoin mining, and Real-World Assets (RWA).
Paolo Ardoino, the CEO of Tether, announced yesterday on the X platform that Tether will soon launch a new tokenization platform. Ardoino stated, “From bonds, stocks, or funds to coffee shop loyalty points, everything can be tokenized,” highlighting the platform’s high customizability.
In addition to virtual asset companies, many traditional financial institutions are also planning to launch products related to asset tokenization. Asset management firm BlackRock is planning to collaborate with US asset tokenization company Securitize to launch the BlackRock USD Institutional Digital Liquidity fund. HSBC Bank also recently announced the launch of tokenized gold, “HSBC Gold Tokens,” to retail customers in Hong Kong.
Furthermore, the Securities and Futures Commission of Hong Kong has explicitly stated that Security Token Offerings (STOs) and RWA investments may be opened to retail investors, aiming to make Hong Kong a global hub for RWA innovation.
According to CoinGecko, the market value of RWA projects has increased by 16% in the past 24 hours. Tokens such as Ondo Finance ($ONDO) and Pendle Finance ($PENDLE) have seen price increases of 25.3% and 15.9% respectively.
Image source: CoinGecko