Tether Gold (XAUt) has achieved a market capitalization exceeding $800 million, backed by 7.66 tons of physical gold stored in Switzerland. Concurrently, investment firm Twenty One Capital expanded its Bitcoin holdings to over 43,500 BTC, outperforming initial targets by 1,500 BTC. These milestones underscore growing institutional confidence in cryptocurrency assets.
The gold-pegged tokenization project currently supports over 259,000 XAUt tokens in circulation, with each token representing direct ownership of one fine troy ounce of allocated bullion under Tether Holdings Limited’s custody.
Meanwhile, Avalanche secured a $250 million capital commitment for real-world asset (RWA) tokenization initiatives, specifically targeting investments in tokenized US Treasurys and collateralized loan obligations (CLOs).
In regulatory advancements, the SEC approved in-kind creation and redemption processes for cryptocurrency ETFs, streamlining operational efficiency for spot Bitcoin and Ether funds. This follows BlackRock’s iShares Ethereum ETF surpassing $10 billion in assets under management, ranking among the fastest-growing ETF launches in US history.