Tether Seeks To Raise $200 Million For Tokenized Gold Treasury – Report
According to a latest report, the world’s largest stablecoin firm, Tether, and a accomplice agency want to increase capital for a digital asset treasury firm that will accumulate its tokenized gold.
Tether To Launch Digital Asset Treasury Firm With XAUT: Report
On Friday, October third, Bloomberg reported that Tether and monetary providers agency Antalpha Platform Holding are main an effort to lift not less than $200 million to arrange a digital asset treasury firm. Citing unnamed sources near the matter, this public car would use the capital to buy XAUT, Tether’s gold token.
Bloomberg revealed that Antalpha Platform Holding has shut ties to Bitmain Technologies, the world’s largest Bitcoin {hardware} provider primarily based in China. According to a report from the University of Cambridge Judge Business School, the Bitcoin {hardware} producer provides about 82% of the world’s crypto mining machines.
Bloomberg posited that this capital-raising effort would additional strengthen the connection between two of the most important firms within the international crypto trade. Meanwhile, this enterprise would characterize a continuation in digital asset treasury companies’ craze occurring this yr, with greater than 80 corporations arrange up to now in 2025.
Furthermore, the report revealed that asset supervisor Cohen & Company is the lead advisor on the deal, with additional talks saved personal. While most events declined to remark, Tether reportedly identified a publish on the social media platform X about its latest announcement with Antalpha.
As per the post on X, Antalpha revealed that it could be integrating Tether Gold into its Real-World Assets (RWA) Hub, providing tokenized gold-backed lending and infrastructure options. The monetary providers agency additionally introduced that it could arrange bodily vaults in main monetary facilities around the globe to permit holders to change the tokens for gold bars.
This transfer to supply XAUT-backed lending got here after Tether had bought an 8.1% stake in Antalpha throughout its preliminary public providing (IPO) earlier in May 2025.
Tether Gold, launched in 2020, gives buyers an publicity to gold with out bodily proudly owning the metallic. With a market capitalization of about $1.5 billion, Tether claims that the just about 250,000 XAUT tokens in circulation are backed by an equal of greater than 7.66 tons of gold.
USDT Market Cap At $175 Billion
At the identical time, Tether owns the most important dollar-backed stablecoin and the fourth-largest digital asset within the cryptocurrency market, with a market cap of greater than $175 billion.