According to Antalpha, its new service enables XAU₮ holders in Hong Kong to redeem over two kilograms of Tether Gold for physical bullion within one day, reducing previous weeks-long settlement cycles.
Antalpha launched its XAU₮ physical gold redemption service in Hong Kong in partnership with LBMA member Malca-Amit, ensuring secure local storage and expedited delivery. Starting December 12, institutional clients can redeem more than two kilograms of Tether Gold for physical gold through direct pick-up or next-day delivery, reducing traditional redemption timelines from weeks to a single day.