Tether Looking to Launch Tokenized Gold Treasury Firm With Antalpha Raising $200M: Report

Group 1 - Tether is collaborating with Antalpha to raise at least $200 million for a new digital asset treasury focused on tokenized gold [1][2] - The new treasury will stockpile Tether Gold (XAUT), which is backed by physical gold bars stored in a Swiss vault, and has a market capitalization of nearly $1.5 billion [1] - Antalpha is a key lender to Bitmain and will help launch a hub for XAUT-backed lending, custody, and token redemption services [2] Group 2 - Tether has diversified its operations beyond USDT, with investments in bitcoin mining, payments, energy, and artificial intelligence, and is seeking to raise funds at a $500 billion valuation [3] - The company held $8.7 billion in gold on its balance sheet as of June, reflecting its commitment to gold as a hard asset [4] - Paolo Ardoino, CEO of Tether, advocates for gold as a valuable asset, aligning with the company's strategy to expand its gold holdings [4]