"Stock Exchange Direct Settlement Kicks Off"...Tether Accelerates to Dominate Kenya's Real-World Asset Tokenization Market

▲ Tether (USDT), Dollar (USD)/ChatGPT generated image

Tether explores the possibility of introducing tokenized securities and USDT payment infrastructure with the Kenyan securities market.

According to crypto media outlet Cointelegraph on July 29 (local time), Tether has signed a memorandum of understanding with the Nairobi Securities Exchange. Both parties will jointly research tokenized securities and blockchain-based market infrastructure. They will also explore ways to utilize USDT as a payment infrastructure.

Tether has also included digital asset education and Real-World Assets (RWA) tokenization in the scope of cooperation. They will also examine methods for issuing and trading tokenized securities using Tether's tokenization platform, Hadron.

Both parties will also evaluate a settlement system that instantly finalizes securities transactions. The USDT-based digital payment infrastructure will be reviewed within the scope permitted by Kenyan regulations.

According to RWA.xyz, the on-chain value of RWAs excluding stablecoins is approximately $36.8 billion. The separately aggregated stablecoin market size is approximately $298 billion. Some market participants also classify stablecoins as RWAs, representing claims on off-chain reserve assets.

The market capitalization of USDT is approximately $184 billion. USDT maintains its position as the world's largest stablecoin. The agreement between Tether and the Nairobi Securities Exchange focuses on researching the possibilities of issuing and trading tokenized securities and utilizing payment infrastructure.

[Article Summary]

-Tether and the Nairobi Securities Exchange have signed an MOU to research tokenized securities and blockchain market infrastructure.

-Both parties will review the issuance and trading of securities using Hadron, and a USDT-based payment system.

-The on-chain value of RWAs excluding stablecoins is approximately $36.8 billion, and USDT's market capitalization is approximately $184 billion.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*