Anchorage Digital Lets Institutions Borrow Against Tether’s Tokenized Gold
By Unchained
AI summary of the source article
Anchorage Digital now allows institutional clients to hold, trade, and borrow USD or USDT against Tether Gold (XAU₮). The tokenized gold offering is supported on Ethereum across Anchorage's custody, trading desk, and financing infrastructure.
Why it matters
Anchorage stated XAU₮ is "the opener for more tokenized real-world assets (RWAs) it plans to offer through Anchorage Digital Prime," noting clients "want to trade it around the clock and borrow against it without giving up their gold exposure."
Key facts
- Anchorage Digital launched custody, trading, and collateral pledging for Tether Gold (XAU₮) on Ethereum as of Nov. 11.
- Clients can borrow USD or USDT against XAU₮ from other clients, with Anchorage providing custody and verification rather than acting as lender.
- Tether previously invested $100 million in Anchorage at a $4.2 billion valuation in February.
Source excerpt · Unchained
The crypto firm says clients can now hold, trade and pledge Tether Gold (XAU₮), the first of several tokenized real-world assets it plans to support through its Prime platform. The post Anchorage Digital Lets Institutions Borrow Against Tether’s Tokenized Gold appeared first on Unchained .