Tether seeks to raise USD $ 200 million to create treasury firm based on tokenized gold

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• Tether and Antalpha They lead a USD $ 200 million collection effort for a digital asset vehicle.
• The funds would be used to accumulate Xaut, The gold token issued by Tether.
• The initiative reflects the expansion of DATS and the rise of tokenized gold in crypto markets.

Tether, the company that appears as the largest stable issuer in the world, together with Antalpha Platform Holdingseeks to raise at least USD $ 200 million in order to finance a digital assets treasury company (DAT).

According to a report of Bloomberg that quotes anonymous sources, the entity would have the purpose of accumulating the token Xaut, also known as Tether Gold. It is an asset backed by physical gold that has gained traction in recent years as an alternative to traditional stablcoins.

In July, Tether He informed that there were about 250,000 tokens Xaut in circulation, backed by the equivalent of more than 7.66 tons of gold. The expansion of these instruments seeks to strengthen confidence in stable value products within the crypto ecosystem.

The role of Antalpha and his links with Bitmain

Antalpha Platform, Based in Singapore, he has established himself as a relevant actor in financial services linked to cryptoactive. His role in this initiative is not isolated: the company is a strategic partner of Bitmain Technologies, the Chinese manufacturer that provides more than 80% of the mining machines of Bitcoin worldwide, according to data from the Cambridge University cited by Bloomberg

The relationship between both companies has been strengthened in 2024. In May, Tether acquired an 8.1% participation in Antalpha after its IPO through an initial public offer. Subsequently, in September, they both announced an alliance to offer backed loans in Xaut and infrastructure solutions.

Boom of reservations in digital currencies

Companies with treasury in digital assets have gained prominence in recent months as instruments designed to accumulate specific assets and promote the development of their ecosystem. In the case of Tether, The strategy aims to consolidate Xaut As an attractive product in a market where investors seek refuge in assets supported by raw materials.

The rise of DAT It reflects a broader movement towards the institutionalization of digital assets that combine the stability of traditional goods with the liquidity and transparency of technology Blockchain. For Tether, This expansion diversifies its portfolio beyond USDT and brings it closer to investors interested in tokenized gold.

Perspectives for Xaut And the Tokenized Gold Market

Interest in products such as Tether Gold It responds to the growing global demand for value preservation mechanisms against the volatility of financial markets. The combination of physical support and ease of digital transfer offers a bridge between the traditional financial and crypto system.

If the collection headed by Tether and Antalpha It is successful, it could mark a precedent for future large -scale collaborations around tokenized assets. In addition, it would consolidate Singapore as a key node in the development of financial infrastructure linked to blockchain in Asia.

The project reinforces the narrative that the assets supported in gold not only represent an investment alternative, but also a fundamental piece in the evolution of digital treasury systems.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image Unspash, edited with Canva.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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