Tether and Antalpha are pursuing at least $200 million to establish a gold-focused public treasury holding XAUt, underscoring growing institutional interest in tokenized commodity reserves.
Tether and Antalpha are collaborating to raise at least $200 million to create a public treasury company that will accumulate Tether Gold (XAUt), Bloomberg reported. The new treasury would hold tokenized gold assets, with Cohen & Company serving as lead advisor. This move builds on earlier partnerships between Tether and Antalpha involving lending, custody, and redemption services for XAUt, and comes amid Tether’s broader push into tokenized commodities and reserve diversification.