Tether is expanding its reach into the digital asset space by investing in a new project focused on tokenized gold, backed by real-world assets. The company has partnered with Antalpha, a firm linked to Bitcoin mining giant Bitmain, for a $200 million initiative to create a public vehicle that will accumulate Tether’s tokenized gold (XAUt). This venture aims to enhance digital gold services such as lending, custody, and physical redemption vaults in major financial centers. This move reflects growing interest in gold-backed digital assets as a hedge against inflation and geopolitical uncertainty. Tether has also acquired an 8.1% stake in Antalpha to strengthen their collaboration. The new project signifies a merging of traditional commodities with blockchain technology, opening up new possibilities for managing gold on a decentralized platform.