Tether Unveils New Platform to Simplify Asset Tokenization for Businesses, Nation-States
The tokenization platform is part of Tether’s ambition to diversify its business from issuing the $126 billion USDT stablecoin.
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The tokenization platform is part of Tether’s ambition to diversify its business from issuing the $126 billion USDT stablecoin.
Tokenized collateral could have helped avoid or lessen the 2022 “liability-driven” crisis, Donna Milrod, chief product officer said in the interview with Financial News.
The transaction was a milestone for Onyx and SWIAT, which are collaborating to develop digital asset issuance products on blockchain rails for commercial banks.
Superstate’s new offering comes after its first tokenized fund of short-term U.S Treasury bills, which debuted earlier this year.
The allocation marks to first example of a crypto protocol leveraging BlackRock’s tokenized fund for its own offering.