Tether and Antalpha are raising $200 million to fund a tokenised gold treasury centred on XAUt. Tether and Antalpha Launch $200 Million Tokenised Gold InitiativeTether and Antalpha are jointly seeking to raise at least $200 million for a new digital asset treasury vehicle focused on tokenised gold, according to a Bloomberg report citing sources close to the matter. The new treasury will accumulate Tether Gold (XAUt) — a blockchain-based token backed by physical gold bars held in Swiss vaults. If successful, the fundraising would deepen ties between two of the most influential players in the digital asset ecosystem. Tether Gold (XAUt), launched in 2020 by Tether subsidiary TG Commodities S.A., has grown to a market cap of nearly $1.5 billion, according to CoinGecko data.