Events

Antalpha, a Nasdaq-listed fintech, has accumulated more than $100 million in unrealized gains on its sizeable Tether Gold (XAUT) position and recently shifted roughly $15 million of XAUT into custody at Cobo. The transfer suggests active portfolio management or a partial liquidation, while XAUT remains its principal digital-gold reserve asset.

Tether and Elemental Royalty announced an option for investors to receive dividend payments in Tether Gold (XAU₮), a blockchain token backed by physical gold. This move makes Elemental Royalty the first publicly listed gold firm to offer cryptocurrency dividends directly linked to tokenized gold.

Wintermute has launched institution-grade OTC trading for tokenized gold like PAXG and XAUT, marking its entry into digital commodities amid rising demand. The service targets professional investors needing large-block execution, and Wintermute expects the tokenized-gold market could reach $15 billion by 2026.

Large investors, including major crypto whales, are moving heavily into tokenized gold tokens such as PAXG and XAUT as a stability play amid a sluggish crypto market. The shift has led to record inflows, rising volumes, brief premiums above spot gold, and multi-million-dollar whale accumulations facilitated by exchanges like Bybit.

Hang Seng Investment Management has introduced a physically backed gold ETF that issues tokenized units on the Ethereum blockchain, providing investors with direct bullion exposure while testing blockchain-based access. Secondary trading of the tokenized units and wider tokenization plans await regulatory clearance.

Tether unveiled Scudo, a fractional denomination for its gold-backed XAUT token, aiming to make routine on-chain gold payments and pricing easier as bullion nears record highs and continues to outpace major asset classes.

A bogus Christmas Eve press release claimed Circle had launched USDC-backed tokenized gold and silver products on a purported 'CircleMetals' platform. Circle denied the report, saying the announcement was fake and that it has no metals-trading or tokenized-metals offering.

At Binance Blockchain Week Dubai 2025, Binance founder Changpeng “CZ” Zhao and gold advocate Peter Schiff engaged in a fiery, anticipated onstage debate comparing Bitcoin, gold and tokenized gold as contenders for the future of money.

Tether's gold-backed token, XAUT, has surpassed $2 billion in market value, driven by increasing gold prices and demand for tokenized real-world assets, with reserves equivalent to 375,572 fine troy ounces of gold.

Binance founder Changpeng Zhao (CZ) criticizes economist Peter Schiff's tokenized gold product, arguing it's not equivalent to on-chain gold. Despite Schiff's aim to combine gold's stability with blockchain convenience, CZ remains skeptical of the concept.