Is Tether’s $200M Bet on Tokenized Gold About to Rewrite the Rules of Digital Wealth?
Ever wonder what happens when the old-school charm of gold meets the cutting-edge world of digital assets? Well, Tether and Antalpha are rolling up their sleeves with a hefty ambition: to raise a cool $200 million for a digital-asset treasury that’s all about tokenized gold. Think of it as building a vault… but one that’s packed with XAUt, Tether’s shiny gold-backed token instead of physical bars. It’s quite the leap into tokenized commodities, and it makes you wonder—are we witnessing the future of gold investment unfold right before our eyes? The blend of traditional value and blockchain technology could be a game-changer, stirring up waves in both finance and crypto spaces. Curious to see how this alliance shakes up the market? LEARN MORE
Key Takeaways
- Tether and Antalpha are seeking $200M for a digital-asset treasury focused on tokenized gold.
- The vehicle would stockpile XAUt, Tether’s gold-backed token, highlighting expansion into tokenized commodities.
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Tether is working with Antalpha Platform Holding, a financial services firm linked to Bitmain Technologies, on plans to launch a public vehicle focused on tokenized gold, according to a Bloomberg report.
The partners are seeking to raise at least $200 million to capitalize the entity, people familiar with the talks said. The proposed vehicle would function as a digital-asset treasury company, with the mandate of accumulating reserves of XAUt, Tether’s gold-backed token.
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