The stablecoin issuer is extending its tokenization business into Saudi Arabia, starting with institutional real estate assets with plans to expand to other asset classes.
- Tether will provide the tokenization infrastructure for institutional real estate assets in Saudi Arabia.
- The initiative gives Tether a foothold in the Middle East country pursuing financial modernization under its Vision 2030 program.
- First Data will act as issuer and market operator, while BKN301 will connect the platform with banking and compliance systems.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Crypto poured years into new products. The next challenge is keeping users
The Clarity Act stalled. Bankers aren’t hitting the brakes yet on crypto dealmaking
Payments firm OpenPayd targets year-end Nasdaq listing to fund U.S. expansion and acquisitions
Original sourceCoinDesk
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