Ardoino’s 24/7 asset plan depends on buyers willing to wait for cash

Tether’s plan to make tokenized assets liquid around the clock relies on buyers willing to advance cash before the underlying investment pays out. Its November 5 agreement with data and settlement provider RedStone gives issuers on Hadron, Tether’s tokenization platform, access to price feeds, net asset value data and an auction-based settlement service for eligible assets. Tether announcement

Paolo Ardoino, Tether’s CEO, framed the collaboration around accurate pricing and continuous liquidity. RedStone’s settlement service, Settle, proposes to bridge the timing gap by having approved liquidity providers take over positions, pay immediately and collect through the issuer’s ordinary redemption process. The buyer finances the wait, making its willingness to submit an auction offer central to faster exits. RedStone’s announcement places near-instant voluntary holder redemptions on the roadmap. RedStone’s Hadron announcement

Hadron’s earlier rollout focused on issuing and managing tokenized assets with compliance tools, as CryptoSlate reported in November 2024. This agreement adds access to valuation and settlement infrastructure that could make those assets more useful as lending collateral. Earlier Hadron coverage

A lender liquidating collateral needs funds to close a borrowing position. A tokenized investment can carry a redemption timetable that extends beyond the moment the lender needs payment. Settle connects that position with approved buyers, also called solvers, that can supply liquid funds and acquire the tokens.

In the model described in RedStone’s April product explanation, a solver buys at a discount and seeks to earn the spread to face value at maturity. Actual redemption proceeds depend on the asset’s terms. The buyer’s financing costs and expected payout shape the price it can offer for taking over the redemption wait. Settle’s funding model

RedStone lists several possible funding strategies, including liquid restaking capital, on-demand stablecoin minting, institutional over-the-counter desks and dedicated settlement vaults. The Hadron announcement leaves the committed capacity of its prospective liquidity providers unspecified.

For lenders, a successful auction turns collateral into repayment funds immediately. For the winning buyer, it creates an investment that still has to complete the issuer’s redemption process. The discount is therefore part of the cost of delivering speed to the exiting side of the trade.