Tether, one of the leading stablecoin issuers, along with financial company Antalpha Platform Holding, plans to raise up to $200 million to launch a new treasury management enterprise based on the tokenized gold XAUT.
This is reported by Business • Media
Plans for the Company and Features of XAUT
The newly established company will specialize in accumulating XAUT stablecoins, each backed by one troy ounce of gold. It is expected that the company will be publicly traded, and the consulting for this project is being handled by Cohen & Co. The current stage of negotiations is unknown, as the parties have refrained from commenting following relevant inquiries.
“Tether, the issuer of USDT, along with Antalpha Platform Holding, plans to raise up to $200 million to launch a new enterprise that will manage a treasury based on XAUT.”
Deepening Cooperation Between Tether and Antalpha
Since the end of September 2025, Tether and Antalpha have significantly expanded their cooperation. In particular, this involves the possibility of purchasing and storing XAUT on the Antalpha RWA Hub platform. It is worth noting that in May 2025, Antalpha conducted an initial public offering (IPO), during which Tether acquired 1.9 million shares of the company, representing 8.1% of the total share volume.
The XAUT stablecoin is a digital asset pegged to gold: each token is backed by a real troy ounce of the precious metal. According to Tether’s statement at the end of April 2025, the reserves of XAUT exceeded 7 tons of physical gold.