Overview
- DL Holdings committed up to $100 million over 12 months to acquire and distribute Tether Gold (XAU₮), building on an initial $5 million purchase.
- Antalpha will provide liquidity, custody, and collateralized lending for XAU₮ via its RWA Hub and will set up vaults in multiple jurisdictions to support redemptions.
- The companies also earmarked $100 million to expand Bitcoin mining, with DL finalizing the purchase of about 3,000 Antminer S21 units from Bitmain.
- Operational projections call for roughly 350 BTC in annual output initially, with a medium‑term goal of about 1,500 BTC per year as infrastructure scales.
- DL plans to leverage its Hong Kong licenses and regional distribution to bring on-chain gold exposure to traditional channels, as tokenized gold tops $3 billion in market size with XAU₮ leading the segment.