Tether Looking to Launch Tokenized Gold Treasury Firm With Antalpha Raising $200M: Report

Finance

Share this article

The report comes after Antalpha, a key lender of mining hardware firm Bitmain, launched lending and infrastructure tools for Tether Gold (XAUT).

By Krisztian Sandor, AI Boost|Edited by Nikhilesh De

Oct 3, 2025, 9:05 p.m.

Close-up of stacked gold bars. (Jingming Pan/Unsplash)
  • Tether is seeking to raise funds with crypto miner financing firm Antalpha to create a digital asset treasury focused on tokenized gold, Bloomberg reported.
  • The new treasury would stockpile Tether Gold (XAUT), Tether’s gold-backed token, according to the report.
  • The report follows Tether investment in bitcoin treasury company XXI Capital.

Tether, the company behind the USDT stablecoin USDT$1.0002, is working with crypto miner financing firm Antalpha to raise at least $200 million for a new digital asset treasury for tokenized gold, Bloomberg reported Friday, citing sources familiar with the matter.

The planned vehicle would stockpile XAUT$3,753.81, a blockchain-based token backed by physical gold bars under custody in a Swiss vault. XAUT is the largest tokenized gold offering on the market with nearly $1.5 billion market capitalization.

STORY CONTINUES BELOW

Don’t miss another story.Subscribe to the Crypto Daybook Americas Newsletter today.See all newslettersBy signing up, you will receive emails about CoinDesk products and you agree to ourterms of useandprivacy policy.

Antalpha is known as a key lender of Chinese crypto mining equipment manufacturer Bitmain, and offers supply chain and margin loans.

The report follows an expanded partnership between Tether and Antalpha, announced on Monday, to launch a dedicated hub for XAUT-backed lending, custody and token redemption services. Antalpha said then it plans to work with partners to open vaults in major financial hubs, allowing users to redeem digital tokens for physical gold.

Tether has expanded beyond issuing its flagship USDT token, the largest stablecoin boasting a $174 billion supply, with investments spanning across bitcoin BTC$111,480.33 mining, payments, energy and artificial intelligence (AI). It was a lead investor, alongside Bitfinex, with which it shares key executives and ownership, and SoftBank, in bitcoin treasury firm XXI Capital that launched earlier this year. Tether also reportedly seeks to raise funds at a $500 billion valuation to fuel its expansion.

Paolo Ardoino, CEO of Tether, has been a vocal proponent of gold as a hard asset, The company held $8.7 billion in the yellow metal on its balance sheet, according to its June attestation.

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

More For You

By Will Canny, AI Boost|Edited by Nikhilesh De

8 hours ago

(Jesse Hamilton/CoinDesk)

The bitcoin miner produced 629 bitcoin in September, and sold 445 tokens for about $49 million.

What to know:

  • CleanSpark produced 629 bitcoin in September, sold 445 for about $49 million, and grew its holdings to more than 13,000 BTC.
  • The company’s fleet averaged 45.6 exahashes per second (EH/s) and achieved efficiency of 16.07 joules per terahash (J/Th).

 

Leave a Reply

Your email address will not be published. Required fields are marked *