Tether, issuer of the USDT stablecoin, is collaborating with crypto miner financing firm Antalpha to establish a dedicated digital asset treasury for tokenized gold. Sources cited by Bloomberg indicate that the initiative aims to secure at least $200 million in funding. The planned vehicle will accumulate XAUT tokens, each backed by physical gold bars held in a Swiss vault.
The new treasury structure is designed to support lending, custody and redemption services for XAUT, enhancing liquidity and accessibility. Antalpha’s role will include providing infrastructure tools and supply chain financing for the tokenized gold ecosystem. The partnership marks a strategic expansion for Tether beyond its flagship stablecoin.
XAUT currently holds the largest market capitalization among gold-backed tokens, with nearly $1.5 billion in value. The proposed treasury fund will bolster market depth by increasing token reserves and facilitating direct redemptions of digital units for physical gold. This mechanism aims to reinforce trust in tokenized real-world assets.
The arrangement follows an existing collaboration announced earlier in the week, which established a hub for XAUT-backed operations. Future plans include opening vault facilities in major financial centers to support global redemption services. Industry observers regard this as a significant step toward mainstream adoption of tokenized commodity assets.
Tether’s diversification into tokenized gold reflects a broader trend of stablecoin issuers exploring real-world asset strategies. The company has already invested in bitcoin mining, payments, energy and AI ventures. Expansion into gold-backed tokens complements these initiatives by offering a hard asset hedge within the digital asset portfolio.
Analysts note that tokenized real-world asset treasuries require robust custody and auditing protocols. Regulatory clarity remains a key factor for institutional adoption. Tether’s entry into the space may prompt similar moves by other stablecoin issuers seeking to broaden their product offerings.
Market participants anticipate further details on fund governance, security measures and redemption processes. The success of this venture could establish a blueprint for future tokenized asset treasuries. Continued developments are expected as funding rounds progress and regulatory frameworks evolve.
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