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Antalpha Platform Holding Company (ANTA) announced an expanded collaboration with Tether to strengthen the global ecosystem for Tether Gold (XAU₮) through its RWA Hub platform.
The partnership will deliver financial solutions and services for XAU₮, a digital token backed by physical gold. Each XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar and operates on the Ethereum blockchain as an ERC-20 token.
"We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem," said Paul Liang, CFO of Antalpha. The company aims to increase liquidity and product offerings for Tether Gold through its RWA Hub.
Paolo Ardoino, CEO of Tether, stated that working with Antalpha allows the company to "expand the reach of XAU₮ and build stronger market infrastructure around it," enabling institutions and individuals to integrate digital gold into their portfolios.
Antalpha launched its RWA Hub platform focused on providing liquidity and services for gold as a Real World Asset. The platform currently supports custody and purchase of XAU₮ and offers XAU₮ collateralized lending, allowing clients to borrow against their holdings.
The company plans to establish physical vaults in major financial centers worldwide with local partners to enable physical gold bar exchange with XAU₮ tokens. Each gold bar backing the tokens contains a unique serial number, weight, and purity specifications.
Antalpha began working on XAU₮ earlier this year as part of its broader digital asset financing platform operations. The company specializes in providing financing, technology, and risk management solutions to institutions in the digital asset industry.