Tether signs tokenization deal with Nairobi Securities Exchange
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Tether has signed a memorandum of understanding (MoU) with the Nairobi Securities Exchange to jointly explore the development of tokenized securities and blockchain-based market infrastructure in Kenya. The agreement includes plans for digital asset education and the use of Tether’s Hadron tokenization platform to issue and trade tokenized securities. This collaboration also aims to assess instant settlement mechanisms and the potential use of the USDt (USDT) stablecoin as a digital settlement layer, subject to Kenyan regulatory approval.
The MoU reflects growing interest in tokenized real-world assets (RWAs), a sector that has seen substantial growth on-chain. Excluding stablecoins, the on-chain value of tokenized RWAs has reached approximately $36.8 billion, according to data from RWA.xyz. When stablecoins are included, with some market participants viewing them as RWAs because they are backed by reserve assets, the tracked value rises to nearly $298 billion.
Why it matters
Tether itself is significant in this context as USDT is the world’s largest stablecoin, with a market capitalization of around $184 billion. The collaboration with Nairobi Securities Exchange demonstrates a broader trend toward the integration of blockchain technology and digital assets within traditional financial markets. Cointelegraph notes that this development is part of the expanding adoption of tokenized assets and instant settlement solutions, which could potentially enhance market efficiency.
The source highlights the importance of this agreement within the evolving landscape of digital securities and stablecoins, while also emphasizing that the use of USDT for settlement will depend on regulatory permissions in Kenya. Cointelegraph underscores its commitment to accurate reporting and advises readers to independently verify information.