Stablecoin giant Tether has launched Hadron, a tokenization platform for digital and real-world assets, amid a boom in tokenizing financial instruments on decentralized networks. 

Hadron lets users tokenize various assets, from stocks and bonds to stablecoins and loyalty points, Tether said Thursday in a statement.

The platform also offers tools for issuing and managing the full life cycle of digital tokenized assets, with the aim of facilitating the process of tokenizing assets for both individual and institutional investors, according to the company.

Real-world asset tokenization is the process of converting ownership rights of physical assets into digital tokens on a blockchain.

The tokens