Gold Exchange Enters the Digital Era: Antalpha Launches XAU₮ Physical Gold Exchange Service in Hong Kong

深潮Published on 2025-12-09Last updated on 2025-12-09

Abstract

Driven by global macroeconomic and geopolitical uncertainties, gold has reaffirmed its role as a core store of value. Antalpha has announced a strategic partnership with Malca-Amit, a leading custodian and LBMA member, to launch a seamless digital-to-physical gold redemption service for Tether Gold (XAU₮) in Hong Kong. Within just five months since July 2025, XAU₮'s market capitalization surged from $800 million to $2.2 billion, signaling a major shift toward digitized gold ownership. The service leverages Malca-Amit’s LBMA-accredited secure vaulting infrastructure, which holds ISO 9001 and ISO 27001 certifications. A backup gold reserve mechanism is also under discussion to enhance risk management. Antalpha, an ecosystem partner of Tether Gold, is building a global digital-physical闭环 (closed-loop) ecosystem through market making, liquidity aggregation, and collateralized lending solutions. Institutional clients can now redeem physical gold—starting from 2kg—within one business day after completing KYC. The service supports stablecoin settlements and offers secure armored transport options. This initiative aims to combine the liquidity of digital assets with the security of physical gold, addressing traditional inefficiencies and storage risks. Expansion to other global financial centers is planned.

Against the backdrop of global macroeconomic turbulence and heightened geopolitical uncertainty, gold has once again established its position as a core anchor of value. Antalpha announced today a strategic partnership with Malca Amit, a leading custodian and formal member of the London Bullion Market Association (LBMA), to officially launch a seamless exchange between Tether Gold (XAU₮) digital gold and physical gold in Hong Kong. In just five months since July 2025, the circulating market value of XAU₮ has surged from approximately $800 million to $2.2 billion. This rapid growth marks the beginning of a significant transformation: the shift in gold holding models from traditional physical storage to the digital age.

Top-Tier Security Endorsement: Building a Trusted Physical Gold Exchange Foundation on the LBMA System

Antalpha has established a partnership with Malca-Amit, a global leader in high-value asset custody, to provide the highest level of security for the underlying physical assets of XAU₮. To further strengthen risk management, Antalpha is in discussions with Malca-Amit to establish a gold backup reserve mechanism, aimed at supporting the dynamic replenishment of physical inventory and building a dual security barrier. As a formal member of the LBMA, Malca-Amit not only holds dual certifications in ISO 9001 (Quality Management) and ISO 27001 (Information Security), but its facilities are also authorized by the London Clearing House and possess LBMA-accredited authority for precious metal weighing and assaying.

Antalpha's Gold Ambition: Building a Digital Gold Foundation to Weather Economic Cycles

The core asset of this exchange revolution—Tether Gold (XAU₮)—is backed by Antalpha's systematic gold strategy. Like Bitcoin, gold, with its scarcity and historical resilience, has proven its status as the ultimate store of value across economic cycles.

Based on this value consensus, Antalpha has been continuously participating in the construction of the XAU₮ ecosystem in recent years. As an ecosystem partner for Tether Gold, Antalpha's core business encompasses enhancing the XAU₮ market maker network, aggregating cross-exchange liquidity, and providing innovative collateralized lending solutions. The platform is dedicated to activating存量 (stock) gold assets, injecting sustained and deep liquidity into the market.

Currently, Antalpha is collaborating with partners to deploy physical vault nodes in major global financial centers, aiming to build an integrated 'physical-digital' gold closed-loop ecosystem featuring seamless exchange and trusted circulation through deep links between custodians, trading platforms, and financial institutions.

The Gold Exchange Revolution: An Efficiency Leap from Weeks to 1 Day

Antalpha's institutional clients can now subscribe to XAU₮ directly through Antalpha. After completing KYC verification, they can schedule a physical gold exchange. Leveraging Malca-Amit's global high-standard vault network and professional logistics system, the entire process is significantly reduced to T+1 business days, allowing clients to complete the extraction of physical gold at designated locations in Hong Kong shortly thereafter.

"Traditional physical gold trading often comes with high premium costs and has long been constrained by structural pain points such as storage security risks and lack of liquidity," said Paul Liang, CFO of Antalpha. "Our deep collaboration with top-tier partners within the LBMA system is precisely aimed at creating a comprehensive solution that combines the high liquidity of digital assets with the physical security of traditional gold."

Starting December 12th, Antalpha will provide support for bulk exchange of XAU₮ for physical gold (starting from 2 kilograms) for qualified institutional clients, in compliance with applicable regulatory requirements in various jurisdictions, and will fully support stablecoin payment and settlement channels. Asian investors can directly pick up gold in Hong Kong or opt for professional armored transport services to complete the point-to-point secure transportation of physical gold from the vault to a specified location. Furthermore, Malca-Amit's extensive global vault network provides solid infrastructure support for potentially expanding the redemption service footprint to global markets in the future.

This service involves VA and precious metal transactions, which may be subject to market volatility, custody, and regulatory risks. Investors should consult professional advisors.

About Antalpha

Antalpha is a leading fintech company focused on providing financing, technology, and risk management solutions for institutions in the digital asset industry. Antalpha offers Bitcoin-backed loans and margin lending through its Antalpha Prime technology platform. Through this platform, clients can initiate and manage their digital asset loans, as well as monitor collateral positions using near real-time data.

About Malca-Amit

Malca-Amit is a globally leading provider of logistics, storage, and customs services for valuables (including gold), and is a formal member of the LBMA. Leveraging its global network and highest security standards, it provides professional services to global banks, financial institutions, mining companies, and jewelers.

Safe Harbor Statement

This press release contains statements that may constitute "forward-looking" statements as defined in the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995.

These forward-looking statements can be identified by terms such as "will," "anticipate," "expect," "aim," "future," "intend," "plan," "believe," "estimate," "may," and similar expressions.

All statements other than statements of historical fact, including statements regarding Antalpha's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. For more information about these and other risks, please see the documents filed by Antalpha with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this release, and Antalpha undertakes no obligation to update any forward-looking statements, except as required by applicable law.

Contact Information

Investor Contact: [email protected]

Related Questions

QWhat is the significance of Antalpha's partnership with Malca-Amit for the XAU₮ digital gold service?

AThe partnership with Malca-Amit, a leading custodian and LBMA member, provides the highest level of security for the physical gold backing XAU₮. It establishes a trusted foundation for the seamless conversion between digital and physical gold, leveraging Malca-Amit's ISO certifications, LBMA-approved facilities, and global vault network.

QHow has the market capitalization of Tether Gold (XAU₮) changed in the five months since July 2025?

AThe circulating market capitalization of Tether Gold (XAU₮) surged from approximately $800 million to $2.2 billion in the five months since July 2025, indicating rapid growth and the beginning of a major shift in gold holding patterns from traditional physical possession to the digital era.

QWhat operational improvement does Antalpha service offer for converting XAU₮ to physical gold compared to traditional methods?

AAntalpha's service reduces the conversion process from what traditionally took weeks to just T+1 business day. After KYC verification, institutional clients can schedule physical gold redemption and pick it up at designated locations in Hong Kong, significantly improving efficiency.

QWhat is the minimum amount for a large-scale physical gold redemption through Antalpha's service, and what payment method is supported?

AThe minimum amount for a large-scale physical gold redemption is 2 kilograms. The service fully supports stablecoin payment and settlement channels for these transactions.

QWhat broader strategic role does Antalpha aim to play in the XAU₮ ecosystem beyond the redemption service?

AAntalpha's strategic role in the XAU₮ ecosystem includes enhancing the market maker network, aggregating cross-exchange liquidity, and providing innovative collateralized lending solutions. The company is building a global network of physical vault nodes to create an integrated 'physical-digital' gold closed-loop ecosystem for seamless conversion and trusted circulation.

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