Tether Partners with Antalpha to Raise $200M for Gold-Backed Crypto Fund

Tether and Antalpha aim to raise $200M for a digital asset treasury focused on expanding XAUT, their gold-backed token.

Fridah Kangai
October 5, 2025
12:30 pm

Fridah Kangai

Fridah Kangai is a dedicated crypto journalist with a sharp eye for market trends, blockchain innovation, and digital asset movements. She specializes in breaking down complex topics into clear, engaging stories for both seasoned investors and curious newcomers. With a passion for decentralization and a pulse on the ever-evolving crypto space, Fridah delivers timely, accurate, and insightful coverage. Her work bridges the gap between technology and everyday understanding in the world of cryptocurrency.

Tether and Antalpha aim to raise $200 million for XAUT.
Tether’s gold-backed XAUT token will fuel digital asset treasury growth.
Antalpha partners with Tether to expand XAUT-backed cryptocurrency lending.

Tether, the world’s largest issuer of stablecoins, has collaborated with Antalpha Platform, a financial services company based in Singapore. They hope to raise at least $200 million together to establish a Digital Asset Treasury (DAT) dedicated to acquiring a gold-backed token, XAUT, issued by Tether.

XAUT is a token backed by physical gold reserves, with approximately 250,000 tokens currently on the market. These tokens represent more than 7.66 tons of gold, offering an exclusive opportunity in the cryptocurrency market.

The new DAT will enable the two companies to capitalize on the growing popularity of asset-backed tokens, thereby increasing XAUT liquidity and market share.

The deal is based on Tether already owning 8.1% of Antalpha, which it acquired after Antalpha had first issued shares in May. The strategic value of this cooperation is further reinforced by the fact that Antalpha is closely connected with Bitmain Technologies, the market leader in Bitcoin mining machines.

Bitmain holds an 80% market share of the global mining equipment industry, providing Antalpha with a competitive advantage in the digital asset market.

Also Read: SEC Greenlights Crypto Custody by State Trust Companies, Major Win for Crypto Firms!

Strengthening Strategic Alliances and Expanding the XAUT Ecosystem

The primary goal of the new DAT is to stockpile XAUT and multiply them. The creation of the fund is part of a growing trend in the cryptocurrency industry, with the establishment of digital asset treasuries to facilitate asset-backed tokenization.

These funds aim to stabilize and promote development in an unstable cryptocurrency economy.

Antalpha’s Growing Influence in Crypto Infrastructure

Antalpha is establishing itself as a significant player in the cryptocurrency infrastructure and lending sectors. With the support of its partnership with Bitmain, the company offers full-stack solutions that have the potential to transform the process of cryptocurrency lending.

The collaboration with Tether will focus on providing XAUT-backed lending instruments, allowing users to borrow a more stable form of digital currency.

The project will transform the use of gold-backed digital assets and will establish a more robust presence of XAUT in the cryptocurrency market.

Tether and Antalpha, with the support of physical gold and a robust infrastructure, believe they will dominate the emerging market of asset-backed digital currencies.

Also Read: Tether’s Bold Move: USAT Stablecoin and Rumble Partnership Set to Revolutionize Crypto!