Tether Partners with Nairobi Securities Exchange to Explore Tokenized Securities
Tether has signed a memorandum of understanding (MOU) with the Nairobi Securities Exchange to explore tokenized securities, blockchain-based market infrastructure, and the potential use of USDT as a settlement layer.
The agreement covers various areas, including tokenized real-world assets, digital asset education, and the use of Tether's Hadron tokenization platform for issuing and trading tokenized securities.
The MOU also calls for assessing instant settlement mechanisms and the potential use of USDT as a digital settlement infrastructure layer, where permitted under Kenyan regulations.
This development comes as tokenized real-world assets continue to gain traction, with their on-chain value reaching around $36.8 billion, excluding stablecoins, according to RWA.xyz.