Tether, the well-known issuer of the USDT stablecoin, in collaboration with Antalpha Platform Holding, plans to raise up to $200 million in investments to create a new cryptocurrency asset management company, specifically for reserves in tokenized gold XAUT.
This is reported by Finway
Development Strategy and Investor Engagement
According to sources, the new company will specialize in managing treasury assets in the digital finance sector. The primary goal is to accumulate and store XAUT — a stablecoin backed by physical gold. It is expected that the amount of raised investments could reach $200 million. The consulting firm Cohen & Co. is working on this project.
Partnership and Development of XAUT
The current stage of negotiations between the parties remains unknown, as representatives from Tether and Antalpha have not provided comments on the details of the collaboration. Meanwhile, at the end of September 2025, the companies expanded their partnership, which includes the possibility of acquiring and storing XAUT on the Antalpha RWA Hub platform.
In May 2025, Antalpha conducted an initial public offering (IPO), during which Tether acquired 1.9 million shares, representing 8.1% of the company’s total share package.
XAUT is a stablecoin pegged to the value of gold: each token is backed by one troy ounce of the precious metal. As of the end of April 2025, Tether held over 7 tons of actual gold as a reserve for this asset.
“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 treasury based on XAUT.”