Home Tether Partners With Nairobi Securities Exchange To Explore Tokenized Securities

Tether Partners With Nairobi Securities Exchange To Explore Tokenized Securities

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Tether Partners With Nairobi Securities Exchange To Explore Tokenized Securities
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Tether signed a memorandum of understanding with the Nairobi Securities Exchange to explore tokenized securities, blockchain-based market infrastructure and the potential use of USDt (USDT) as a settlement layer.

The MoU intends to investigate blockchain-based market infrastructure, digital asset education and real-world asset tokenization, including the possible use of its Hadron tokenization platform for tokenized securities issuance and trading, according to a Tether release on Tuesday.

In accordance with Kenyan legislation, the deal also requires the parties to evaluate immediate settlement methods and the possible application of USDT as a layer of digital settlement infrastructure.

Tokenized real-world assets (RWAs) continue to grow in popularity at the time of the agreement. According to RWA.xyz, the sector’s onchain value has increased to almost $36.8 billion, excluding stablecoins.

Because they reflect claims on offchain reserve assets, some market players also see the almost $298 billion in stablecoins that RWA.xyz independently records as RWAs. USDT is the biggest stablecoin in the world, with a market value of almost $184 billion.

 

 

 

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Written by
Kapil Rajyaguru -

Kapil Rajyaguru is a news editor at 3.0 TV with over 15 years of professional writing experience and more than four years dedicated to the cryptoverse.

An engineer by education and a writer by passion, Kapil brings a rare mix of technical insight and storytelling finesse. A firm believer that cryptocurrencies, blockchain and AI are the building blocks of the future, he crafts in-depth news and analysis to educate, empower and prepare the masses for the next frontier of Web3.

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