Mentioned:
ANTA -2.48% STEX -9.32%
Tether Gold wants to bring tokenized gold to the masses. Which is exactly why they’re partnering up with Antalpha.
What’s happening:
- Antalpha (NASDAQ: ANTA) has formed a new partnership with Tether to expand the adoption and liquidity of the Tether Gold token through Antalpha’s RWA Hub platform
Why it matters:
- Antalpha has publicly stated they plan to begin offering lending against Tether Gold holdings as well as opening up physical vaults in major cities globally to allow holders of Tether Gold to redeem their tokens for physical gold
Going deeper:
- Antalpha has also publicly stated they are aiming to bring institutional investors into Tether Gold and unlock new ways for large holders of Tether Gold to earn a passive yield through using their tokens as collateral or to access extra liquidity
- Tether is one of the single largest shareholders of Antalpha and previously led Antalpha’s IPO financing round with a $25M USD investment
The intrigue:
- Tokenizing gold has continued to be an emerging theme on Wall Street, with mining billionaire Frank Giustra recently making waves by buying more shares in gold tokenization company Streamex Corp (NASDAQ: STEX)
