Tether Holdings SA and Antalpha Platform Holding, a financial services company connected to Bitmain Technologies Ltd., a leading cryptocurrency hardware manufacturer, are seeking funding of at least $200 million for a publicly traded vehicle designed to hold digital assets backed by physical gold. This move strengthens connections between Tether, the issuer of the world’s most widely used stablecoin (USDT), and Antalpha Platform Holding, which works closely with mining operations and has strong ties to Bitmain. The initiative is part of Tether’s efforts to expand into tokenized commodities, offering alternative investment options for users in the cryptocurrency space.