Stablecoin Issuer Tether Moves Into Tokenizing Stocks and Bonds

Tether Holdings Ltd., the world’s largest digital asset company, is getting into the tokenization of stocks, bonds, funds and commodities.

The platform Hadron by Tether, launched Thursday, will allow users to convert assets into products ranging from stablecoins that are pegged to fiat to digital tokens backed by commodities or other forms of collateral. The British Virgin Islands-registered company is targeting businesses and governments as customers, Tether said in a statement.

Turning assets into tokens can allow them to be traded quicker and at a lower cost. The assets can be traded on blockchains by transferring them from one ...