Overview

• Bloomberg reports Tether and Antalpha are raising at least $200 million for a Digital Asset Treasury Company centered on Tether Gold, with Cohen & Company advising, and the plan remains in progress.
• The proposed vehicle would stockpile XAUt, a token backed by gold bars held in Swiss custody, creating a publicly visible buyer intended to support market depth.
• Antalpha’s expanded partnership adds XAUt-backed lending, custody and token redemption services, with plans for vaults in major financial hubs to enable exchanges of tokens for physical bars.
• Tether’s latest company data puts XAUt near a $1.46 billion market value, backed by 966 bars weighing about 11,693 kg, with 261,962 ounces in circulation and additional supply available.
• Tether reports $8.7 billion in physical gold on its balance sheet and holds an 8.1% stake in Antalpha, which has ties to Bitmain’s mining hardware business.