Tether to Raise $200 Million for Tokenized Gold Treasury

Tether, aiming to expand its reach in the asset-backed token market, is seeking a significant investment of up to $200 million for a dedicated gold-backed crypto treasury. This initiative, spearheaded by Tether and partnering with Antalpha, will focus on XAUT, a gold-backed cryptocurrency token. 1 2 The project seeks to increase institutional interest in digital assets by leveraging the growing demand for real-world asset tokenization like XAUT. 3 The move aligns with Tether’s broader strategy of establishing itself as a leader in this emerging area.