Tether + Antalpha Raising $200M for Gold-Backed Treasury

Tether and Antalpha are launching a $200M Digital Asset Treasury Company (DATCO) that only buys XAUT tokens (Tether Gold). Each XAUT = 1 troy ounce of physical gold in Swiss vaults.

Quick breakdown:

• Dedicated treasury vehicle accumulating XAUT

• Physical vaults in major financial centers

• XAUT-backed lending services (2-5% yields)

• Global redemption capabilities

Tether already holds $8.7B in gold (82 tons)—top 40 globally. A dedicated treasury creates something bigger: an alternative base asset for crypto markets that isn't USD-dependent.

Who's bullish on RWA?

Source of metrics and analysis: Thesis_io