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Tether is reportedly preparing to launch a new venture focused on tokenizing gold and U.S. Treasury products, marking a significant expansion beyond its core stablecoin business. The company is said to be working with Antalpha, a financial firm with ties to Bitmain, as part of a broader strategy to bridge traditional assets with blockchain infrastructure. Together, the two firms are aiming to raise up to $200 million for the initiative.
The new venture would offer investors digital tokens backed by real-world assets like gold and government bonds. These tokens would be designed to combine the stability of traditional finance with the efficiency and transparency of blockchain technology. The goal is to create on-chain financial products that are easy to trade, settle instantly, and appeal to both crypto-native and institutional investors.
This move reflects Tether’s growing ambition to position itself as a broader financial infrastructure provider. While best known for issuing USDT, the largest stablecoin by market cap, Tether has been gradually expanding its footprint. The proposed tokenized asset platform would allow the company to diversify its revenue streams and tap into growing demand for real-world asset (RWA) tokenization.
Tokenized gold and treasuries have been gaining traction as investors look for blockchain-based alternatives to traditional asset classes. If successful, Tether’s project could compete with existing offerings in the RWA space and further solidify its role in shaping the future of digital finance. The fundraising effort is still in progress, and more details are expected in the coming months.
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