Tether aims to raise $200 million in partnership with Antalpha to create a digital asset treasury focused on stockpiling Tether Gold (XAUT), expanding its exposure to tokenized gold.
Tether, in collaboration with crypto miner financing firm Antalpha, is seeking to raise $200 million to create a digital asset treasury focused on tokenized gold. The treasury will hold Tether Gold (XAUT), the largest gold-backed token in the market. The move follows Tether's investment in Bitcoin treasury company XXI Capital and marks a broader expansion in the digital asset space. XAUT, which is backed by physical gold, has a market capitalization of nearly $1.5 billion.