Tether Partners with Nairobi Securities Exchange on Blockchain Technology

Tether has signed a memorandum of understanding (MoU) with the Nairobi Securities Exchange in Kenya to explore the use of blockchain technology across several areas of the exchange's operations.

The agreement, announced on July 28, covers four key areas: tokenized securities issuance, blockchain-based market infrastructure, instant settlement mechanisms, and digital asset education.

Tether's Hadron platform will be used as a candidate for issuing and trading tokenized securities on the exchange. The parties also plan to assess whether USDt (USDT) could serve as a settlement layer for exchange transactions, pending approval from Kenyan regulators.