Catenaa, Monday, October 13, 2025-Tether and Singapore-based Antalpha Platform are aiming to raise at least $200 million to establish a digital asset treasury company that would acquire Tether’s XAUT gold-backed token, Bloomberg reported Friday, citing anonymous sources.
The proposed treasury vehicle would use the raised capital to accumulate Tether Gold (XAUT) tokens, providing infrastructure and liquidity for the tokenized gold market.
Antalpha, closely connected to China’s Bitmain Technologies, supplies over 80% of the world’s crypto mining hardware, and has previously partnered with Tether to offer XAUT-backed lending and full-stack solutions.
Tether currently reports nearly 250,000 XAUT tokens in circulation, backed by more than 7.66 tons of gold as of the second quarter of 2025.
The company also holds an 8.1% stake in Antalpha following the firm’s May IPO.
The proposed treasury initiative aligns with recent trends of forming digital asset treasuries to accumulate tokens and enhance ecosystem growth.
If successful, the move could further bolster Tether’s gold token ecosystem and strengthen market liquidity for institutional and retail investors.
Tether and Antalpha did not immediately respond to requests for comment.
