Tether signs tokenization deal with Nairobi Securities Exchange

The agreement covers tokenized securities, blockchain-based market infrastructure and the potential use of USDT as a settlement layer.

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.

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, including the potential use of its 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.

Read more