Tether Expands Partnership with Antalpha for Tether Gold
Tether has deepened its collaboration with Antalpha Platform Holding Company (NASDAQ: ANTA). The goal is to strengthen the global ecosystem for Tether Gold (XAU₮), a gold-backed token.
According to a Bloomberg report, both companies plan to raise $200 million. The funds will support a new digital-asset treasury firm. This firm will accumulate and hold reserves of tokenized gold assets.
Antalpha announced the expansion on Twitter, highlighting new services. These include XAU₮-backed lending and full-stack infrastructure solutions through its RWA Hub platform.
How Tether Gold Works
Tether Gold (XAU₮) launched in 2020 by a Tether subsidiary. Each token represents one troy ounce of gold stored in London Good Delivery bars. The tokens are backed one-to-one with physical gold. They include serial numbers, weights, and proof of purity. Token holders can redeem them for physical gold.
The token operates on the Ethereum blockchain (ERC-20). It can be traded or transferred globally. This bridges traditional bullion with digital assets.
Under the expanded partnership, Antalpha will offer lending services backed by XAU₮. It will also provide infrastructure from its real-world asset (RWA) platform. Antalpha plans to establish physical vaults in major financial centers. This will enable token owners to redeem XAU₮ for physical gold bars.
Significance of the Partnership
Gold demand has surged amid geopolitical tensions and inflation. Gold prices reached a record high of $3,886 on October 4, according to goldprice.org. Tether Gold’s market cap has doubled in the past year to about $1.5 billion, per CoinGecko.
Antalpha CFO Paul Liang said the partnership aims to increase liquidity and product offerings for Tether Gold. He stated, “Through the Antalpha RWA Hub, we hope to deliver new capabilities and services that will increase the liquidity and product offerings of Tether Gold.”
Tether CEO Paolo Ardoino added, “Gold has always held a unique role as a store of value, and XAU₮ brings that resilience into the digital asset space. Working with Antalpha allows us to expand the reach of XAU₮ and build stronger market infrastructure around it.”
This move reflects a growing trend of tokenizing real-world assets (RWAs). Physical commodities and securities are increasingly represented as blockchain tokens. Tether is also planning to raise up to $20 billion for its stablecoin business, according to Crypto Times.
