On November 6, 2025 a strategic alliance was announced between Hadron (Tether’s tokenization platform), Bitfinex Securities and ETF issuer KraneShares to explore the tokenization of ETFs and other real-world assets. The operation seeks to build a comprehensive solution—technology, regulatory framework and distribution channel—aimed at reducing settlement frictions and broadening access, impacting asset managers, institutional investors and secondary markets.
The collaboration combines Hadron’s technology infrastructure, Bitfinex Securities’ regulated marketplace and KraneShares’ ETF expertise, bringing together the core components needed to test tokenized financial products at scale.
Hadron will provide the technological layer to issue and manage tokenized assets and, according to the press release, integrates compliance tools such as Chainalysis for transaction monitoring and risk detection.
Bitfinex Securities operates under licenses in El Salvador and at the Astana International Financial Centre, offering a regulated environment for issuance and trading that can host primary placements and secondary market activity.
KraneShares will contribute product design and distribution; its CEO, Jonathan Krane, said: “We believe our business in the next three to four years will be 100% tokenized.”
Context and impact of ETF tokenization
The immediate objective is to validate tokenized product structures and institutional demand, not to launch a catalog of tokenized ETFs immediately. In addition, cited sources project that the market for tokenized securities could grow from approximately $30.000 millones in 2025 to around $10 billones in 2030, underlining the potential scale if operational and regulatory challenges are resolved.
Institutional adoption is supported by the combination of technical infrastructure, risk control and a traditional issuer, which lowers barriers for large investors that require compliance and transparency in onboarding and trading workflows.
Product and distribution innovation will focus on testing legal and operational designs for tokenized ETFs, which could accelerate advances in mNAV structures and rebalances, while requiring custody adaptation and strengthened governance processes.
The agreement marks a coordinated step toward institutional implementation of tokenized assets focused on ETFs and RWAs; the next milestone will be the validation of product structures and the measurement of institutional demand in the coming quarters, according to the press release.
