Tether announced a strategic partnership with First Data and BKN301 to deploy its Hadron tokenization platform in the Saudi Arabian real estate market. First Data will serve as the commercial lead and primary issuer, BKN301 will provide operational infrastructure, and Tether will offer its tokenization platform. The framework has been structured to ensure Sharia compliance, with property ownership transfers and fractionalization aligned with Islamic finance principles. This initiative falls under Saudi Arabia’s Vision 2030 economic diversification strategy aimed at reducing dependence on oil revenue.
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