Tether, Antalpha Seek $200M for Tokenized Gold Treasury Initiative
Tether and crypto miner lender Antalpha are in search of to lift not less than $200 million for a brand new digital asset treasury car targeted on tokenized gold, Bloomberg reported Friday, citing individuals accustomed to the matter.
Key Takeaways:
- Tether and Antalpha are elevating $200 million to construct a tokenized gold treasury centered on XAUt.
- The initiative deepens their partnership as gold demand climbs and tokenized commodities achieve traction.
- Tether continues increasing past stablecoins with strategic bets in mining, AI, and tokenized belongings.
The effort goals to stockpile XAUt, Tether’s blockchain-based gold token, backed by bodily bars saved in a Swiss vault.
If profitable, the capital increase would strengthen ties between two of the digital asset business’s most outstanding gamers.
Tether, Antalpha Join Forces Amid Crypto-Mining and Stablecoin Dominance
Tether is the issuer of USDT, the biggest stablecoin by market cap, whereas Antalpha is carefully tied to Chinese mining big Bitmain, which produces over 80% of worldwide Bitcoin mining {hardware}.
XAUt, launched by a Tether subsidiary in 2020, has grown to a market cap of practically $1.5 billion. The deliberate car would act as a publicly seen treasury targeted solely on accumulating this asset.
It follows an expanded partnership between Tether and Antalpha introduced final week, which launched new companies resembling XAUt-backed lending, custody, and token redemption.
Antalpha mentioned it plans to open vaults in world monetary hubs, permitting token holders to redeem their digital belongings for bodily gold.
Tether has been pushing far past stablecoins lately, with investments in Bitcoin mining, AI, funds infrastructure, and tokenized belongings.
Its CEO, Paolo Ardoino, is a powerful advocate of gold as a retailer of worth, and the corporate held $8.7 billion price of gold on its stability sheet as of June.
At the identical time, Tether is reportedly in search of to lift $20 billion in a separate effort to scale its core USDT operations, a deal that may worth the corporate close to $500 billion.
The gold-backed initiative arrives as demand for gold surges. Global gold funding is up 46% this 12 months amid geopolitical pressure and inflation fears, in accordance with Bloomberg.
XAUt’s market cap has doubled in that point, per CoinGecko information.
More than 80 digital asset treasury corporations have been fashioned in 2025, many utilizing reverse mergers or SPAC buildings to imitate Strategy Inc.’s public Bitcoin guess.
Tether Rejects IPO Route Even as Circle’s Stock Soars
Tether’s deal with gold comes as competitors heats up. Circle, which went public in June, has seen its inventory surge over 500% since its debut. Tether, nonetheless, has no plans to observe go well with.
“In basic we’re not curious about turning into a public firm,” Ardoino said in July.
The new laws seems to be opening doorways that have been beforehand shut. Ardoino, together with different crypto executives, attended the White House invoice signing.
The legislation may, for the primary time, assist normalize stablecoin utilization, each in crypto buying and selling and throughout mainstream monetary infrastructure.
Tether has lengthy been underneath hearth for an absence of transparency, notably relating to its reserves. Audits, promised for years, have but to materialize.
However, Ardoino mentioned the corporate has been involved with auditing corporations in current weeks.
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