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.
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