Tether Holdings Ltd, with Antalpha, is raising $200 million to support its new gold-backed digital asset, XAU₮, further diversifying its financial reserves beyond USDT and Bitcoin.
The initiative underscores Tether's strategic shift towards real-world assets, impacting institutional investment strategies and potentially influencing market liquidity dynamics.
The capital-raising effort involves collaboration with Antalpha Platform Holding, a financial services firm associated with Bitmain. This move indicates a strategic shift in Tether’s reserve management approach, as noted in a recent Coindesk report.
Tether's Expansion of Tokenized Gold
The introduction of XAU₮ as a major asset continues Tether’s efforts in real-world asset tokenization. According to recent reports, 7.66 tons of gold currently support XAU₮ tokens, reflecting robust institutional demand.
"Gold is a crucial reserve alongside Bitcoin as we look to diversify our treasury." — Paolo Ardoino, CEO, Tethersource
Antalpha, benefiting from its infrastructure and financing capabilities, plans to enable collateralized lending for institutional investors. This integration enhances liquidity channels and strengthens ties between digital and physical gold markets, as discussed by Paul Ade.
Reports indicate Tether’s gold reserves reached $8.7 billion as of June 2025. This effort may impact broader market dynamics, influencing asset allocation strategies across numerous cryptocurrencies, according to insights from Crypto Briefing.
Experts suggest potential regulatory scrutiny due to the growing focus on real-world asset tokenization. The partnership with Antalpha may redefine existing models, bridging crypto and traditional financial sectors.