Tether & Antalpha’s Gold-Backed Crypto Treasury 👀
Tether and Singapore-based Antalpha Platform are seeking to raise at least $200M to launch a digital asset treasury company focused on acquiring Tether’s gold-backed token, XAUT, according to Bloomberg.
> The move would create one of the first dedicated treasuries centered on tokenized gold, blending traditional commodity exposure with on-chain liquidity.
> Antalpha, a close partner of China’s mining giant Bitmain, previously collaborated with Tether on XAUT-backed lending and infrastructure solutions.
> With ~250K XAUT in circulation, representing more than 7.6 tons of gold, the initiative signals growing institutional interest in metal-backed digital assets.
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