Tether Signs Tokenization Deal with Nairobi Securities Exchange

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 as a settlement layer. The agreement outlines plans to explore blockchain-based market infrastructure, digital asset education, and real-world asset tokenization, including the potential use of Tether's Hadron tokenization platform for issuing and trading tokenized securities. The memorandum comes as tokenized real-world assets continue to gain traction, with the sector's onchain value reaching approximately $36.8 billion, excluding stablecoins, according to RWA.xyz.

Tether and Nairobi Securities Exchange Outline Tokenization and Settlement Plans

Tether said in a Tuesday announcement that the memorandum outlines plans to explore blockchain-based market infrastructure, digital asset education, and real-world asset tokenization. The agreement includes the potential use of Tether's Hadron tokenization platform for issuing and trading tokenized securities. The memorandum also calls for the parties to assess instant settlement mechanisms and the potential use of USDT as a digital settlement infrastructure layer, where permitted under Kenyan regulations.

Real-World Asset Tokenization Sector Reaches $36.8 Billion Onchain Value

The agreement comes as tokenized real-world assets continue to gain traction. The sector's onchain value has grown to approximately $36.8 billion, excluding stablecoins, according to RWA.xyz. RWA.xyz separately tracks nearly $298 billion in stablecoins, which some market participants also consider RWAs because they represent claims on offchain reserve assets. USDT, with a market capitalization of roughly $184 billion, is the world's largest stablecoin.

FAQ

What did Tether and the Nairobi Securities Exchange agree to explore?

Tether and the Nairobi Securities Exchange signed a memorandum of understanding to explore tokenized securities, blockchain-based market infrastructure, digital asset education, and the potential use of USDT as a settlement layer, where permitted under Kenyan regulations.

What is the current onchain value of tokenized real-world assets?

The tokenized real-world asset sector's onchain value has grown to approximately $36.8 billion, excluding stablecoins, according to RWA.xyz. RWA.xyz separately tracks nearly $298 billion in stablecoins, which some market participants also consider real-world assets.

What is USDT's market capitalization?

USDT has a market capitalization of roughly $184 billion, making it the world's largest stablecoin.