Tether's Hadron, Bitfinex Securities to Tokenize Assets With ETF Issuer KraneShares
Summary
Tether’s tokenization arm, Hadron, is collaborating with ETF issuer KraneShares and Bitfinex Securities to create and scale tokenized financial products, specifically exchange-traded products (ETPs).
The initiative aims to build the necessary systems for these tokenized assets to trade on regulated digital asset platforms, testing institutional appetite and finalizing legal and operational designs. Hadron will supply the tokenization technology, while Bitfinex Securities will provide a licensed trading venue regulated in El Salvador.
KraneShares, known for its China-focused ETF, stated that this strategic agreement is a crucial step toward its goal of becoming 100% tokenized within the next three to four years, reflecting the broader industry trend of bringing real-world assets on-chain.
(Source:CoinDesk)