Tether is partnering with the crypto financial company Antalpha to raise at least 200 million USD to establish a "digital asset fund" focused on tokenized gold. This fund will store Tether Gold (XAUT), a token backed by physical gold held in a vault in Switzerland, with a market capitalization of nearly 1.5 billion USD, the largest among current gold tokens.
As of June 2025, Tether holds approximately 8.7 billion USD in gold on its balance sheet. This tokenized gold fund is a new step in Tether's expansion strategy beyond USDT and Bitcoin, while also raising the company's valuation ambition to 500 billion USD.
Show original
9.2K
49
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.