Tether & Antalpha Seek $200M for XAUt Tokenized Gold
Tether and Antalpha are raising at least $200 million in a private round led by Cohen & Co. to stock XAUt, Tether’s gold-backed and tokenized gold treasury. This new funding follows Tether’s 8.1% stake acquisition in Antalpha and builds on their existing Tether Gold product, which has a $1.5 billion market capitalisation. Antalpha plans to open vaults in major financial centres and introduce collateralised lending for XAUt holders. Demand for physical gold has surged 46% this year, doubling XAUt’s market cap to about $1 billion. Meanwhile, Tether is exploring a separate $20 billion raise to support its USDT stablecoin operations at a potential $500 billion valuation. These developments highlight the growing interest in tokenized gold and stablecoin funding within digital-asset treasuries.
Bullish
By raising $200M to expand the tokenized gold treasury and planning vault openings and lending services, Tether and Antalpha signal strong institutional demand for XAUt. Increased capital and infrastructure improvements typically boost market confidence and adoption, suggesting bullish momentum for XAUt in both the short and long term. Meanwhile, the separate $20B stablecoin funding drive underscores Tether’s continued growth, reinforcing positive sentiment across its dollar and gold-backed tokens.