Tether seeks $200M for tokenized gold treasury vehicle
The firms plan to launch a public vehicle to stockpile Tether’s XAUt token.
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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