Stablecoin Leader Tether Seeks Capital for Tokenized Gold Hoard

Tether Holdings SA and a company with close ties to Bitmain Technologies Ltd., the Bitcoin hardware giant, are in talks to raise capital for a public vehicle that would accumulate tokenized gold.

Tether and Antalpha Platform Holding, a financial services firm that works closely with crypto miners, are leading an effort to raise at least $200 million for a so-called digital-asset treasury company, according to people familiar with the matter. If successful, the vehicle would use the capital to stockpile XAUt, Tether’s gold token, they added.