Tether Announces Upcoming Release Of Multi-Chain Tokenization Platform
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Tether is preparing the release of an in-house developed tokenization solution. Paolo Ardoino, CEO of Tether, announced on social media that the company is on the verge of releasing a white-label, multichain tokenization platform available for everyone. Ardoino explained that this platform would allow tokenizing bonds, stock, funds, or reward points.
Tether Announces Release of Multi-Chain Tokenization Platform
Tether, the leading stablecoin company, is preparing to widen the scope of its operations in the cryptocurrency market. Paolo Ardoino, CEO of the company, announced that Tether is on the verge of launching a white-label tokenization platform that would be available for everyone.
In social media, Ardoino announced the imminent release of the still-unnamed platform, describing it as “a masterpiece.” He also clarified that the solution would be fully non-custodial, multi-chain, multi-asset type, and super customizable. When launched, the platform might ease small and medium-sized enterprises’ access to the tokenization arena.
Ardoino remarked on the flexibility of this platform, highlighting the features it will bring to facilitate the tokenization of a range of assets. He detailed:
Tokenize anything from any bonds, stocks or funds to coffee shop reward points. A whitelabel of our tech that supports USDt, a 107+B asset.
This release follows the launch of Bitfinex Securities, a securities tokenization company, in El Salvador, in January, as the platform the government would use for issuing the so-called volcano bonds. Ardoino tied this tokenizing platform to Bitfinex Securities, remarking on the company’s capabilities and hinting at a possible link between these two elements.
He stated:
And Bitfinex Securities has best in class capital raise and secondary markets platform for digital securities. Perfect combination.
Bitfinex Securities was recently involved in one of the pioneering digital securities operations in the country. On April 11, the company announced its involvement in a tokenized debt issue to construct and develop a new Hampton by Hilton hotel complex to be built at El Salvador’s International Airport.
Source : Bitcoin.com / Apr 15, 2024