Precious Metals Royalties Firm to Offer Dividends in Tether's Tokenized Gold

Elemental Royalty signaled on Tuesday that investors will be able to receive dividends in the form of Tether’s XAUT, establishing a novel use case for tokenized gold on Wall Street. The move is aimed at providing investors with direct ownership of physical gold, stemming from investments in gold royalties, the Colorado-based firm said in a press release. In total, investors are expected to receive a 12 cent dividend across several quarterly payments. The company’s investors can still receive distributions ...