Tether and crypto miner lender Antalpha are seeking to raise at least $200 million for a new digital asset treasury vehicle focused on tokenized gold, Bloomberg reported Friday, citing people familiar with the matter. Key Takeaways: Tether and Antalpha are raising $200 million to build a tokenized gold treasury centered on XAUt. The initiative deepens their partnership as gold demand climbs and tokenized commodities gain traction. Tether continues expanding beyond stablecoins with strategic bets in m ...

Tokenized Gold Market Overview - There is approximately $2.5 billion worth of tokenized gold on Ethereum [1] - The tokenized gold supply has increased by over 100% since the beginning of the year [1] Tokenization Trend - The industry anticipates that all assets will eventually be tokenized [1]

Tokenized Gold Market - The tokenized gold market on Ethereum is valued at approximately $2.5 billion [1] - The tokenized supply of gold has increased by over 100% since the beginning of the year [1] Tokenization Trend - The industry anticipates that all assets will eventually be tokenized [1]

Core Insights - Gold prices have reached a historic high, surpassing $3,800 per ounce, marking a year-to-date increase of approximately 47% [1] Group 1: Gold Market Performance - The surge in gold prices has led to a significant increase in gold-backed tokens, which have achieved an all-time high market capitalization of $2.88 billion [2] - Tether Gold (XAUT) and Paxos' PAX Gold (PAXG) are leading the gold-backed token market, with XAUT's market cap at approximately $1.43 billion and PAXG's at around $1.12 billion, both at their respective all-time highs [3] - PAXG experienced over $40 million in net inflows in September, setting a new trading volume record of over $3.2 billion for the month [3][4] Group 2: Market Dynamics and Future Outlook - The tokenized gold market is expected to continue its growth due to favorable macroeconomic conditions, including anticipated Federal Reserve rate cuts and a weaker U.S. dollar [5] - Bitcoin, often referred to as "digital gold," has underperformed compared to gold, with a year-to-date return of only 22% [5]

On-Chain Gold Tokenization - Tether has tokenized approximately $1.4 billion worth of gold on Ethereum [1] - XAUT provides users with access to a non-fiat store of value on-chain [1]

RT Token Terminal 📊 (@tokenterminal)There's ~$2.4 billion worth of tokenized gold on @ethereum.The tokenized gold supply is up ~100% year-to-date. https://t.co/rq1ZjNNNdZ ...

Market Trends - Tokenized Gold market size exceeds $25 billion [1] - Ukrainian Parliament passes Cryptocurrency Legalization and Taxation Bill in first reading [1] Regulatory Developments - Federal Reserve to hold meeting on October 21st to discuss Stablecoins and Tokenized Financial Products [1]

RT Token Terminal 📊 (@tokenterminal)⛓️ Stablecoin supply by deployment:🇺🇸 USD is the most widely tokenized currency.🇪🇺 Not a single EUR stablecoin makes it into the top 20 stablecoins by supply.🪙 However, XAUT & PAXG (tokenized gold), make it into the top 20. https://t.co/X0rscNe2bW ...

Market Trends - Spiko_finance is bringing the EUR onchain, potentially leading to an EUR product in the top 20 next year if EUTBL's growth continues [1] - USD is the most widely tokenized currency [1] - No EUR stablecoin is currently in the top 20 stablecoins by supply [1] Competitive Landscape - Tokenized gold (XAUT & PAXG) are already in the top 20 [1]

⛓️ Stablecoin supply by deployment:🇺🇸 USD is the most widely tokenized currency.🇪🇺 Not a single EUR stablecoin makes it into the top 20 stablecoins by supply.🪙 However, XAUT & PAXG (tokenized gold), make it into the top 20. https://t.co/X0rscNe2bW ...