Tether adds Chainalysis tokenization platform for compliance, monitoring
Tether has partnered with Chainalysis to incorporate its compliance and monitoring tools into Tether’s Hadron platform. This integration aims to enhance risk detection and real-time transaction monitoring for institutional users, which is critical for ensuring compliance with regulatory demands. Tether's Hadron platform targets institutions interested in tokenizing various real-world assets, a market that has recently seen increased adoption, now valued at $22.1 billion. As stated by Tether CEO Paolo Ardoino, this collaboration ensures institutional-grade transparency and risk mitigation while preserving decentralization. The announcement reveals that users will benefit from advanced risk detection, Know-Your-Transaction (KYT) support, and transaction monitoring. Chainalysis is recognized for its blockchain security tools and has established partnerships with several major exchanges and payment processors. This development underscores Tether's commitment to fostering compliance within the expanding landscape of crypto regulations.
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