Anchorage Digital now offers institutions custody, trading and financing services for Tether's tokenized gold (XAU₮), marking a broader push into real‑world assets.
Anchorage Digital announced that its institutional platform now provides custody, trading and financing for Tether Gold (XAU₮), the gold‑backed token issued by TG Commodities. The service, described as “full lifecycle support,” allows qualified clients to hold the token, trade it on Anchorage’s principal desk and use it as collateral for USD or USDT loans.
The token can be stored at Anchorage Digital Bank, N.A., which received conditional approval for a national trust charter from the OCC in January 2021, or at Anchorage Digital Singapore, which holds a Major Payment Institution licence from the Monetary Authority of Singapore. According to Anchorage co‑founder and CEO Nathan McCauley, the firm’s desk prices and executes orders internally rather than routing them to external venues, and the token is supported on Ethereum.
Institutional clients may pledge XAU₮ held in custody to borrow either USD or Tether’s stablecoin USDT. The borrowing arrangements are facilitated through Anchorage’s Prime Financing desk, but the bank itself does not act as the lender. Loan‑to‑value ratios, interest rates and minimum loan sizes are negotiated directly between the borrowing party and the counter‑party, and Anchorage does not disclose those terms publicly.
McCauley noted that activity in XAU₮ has risen more than ten times compared with the previous year, driven by precious‑metals dealers, mining firms, funds, trading houses and family offices. He added that a year ago institutions were uncertain whether they could hold tokenized gold at all; today they seek 24/7 trading and the ability to borrow against the asset while retaining exposure to physical gold.
Anchorage’s rollout of tokenized gold is positioned as the first step toward broader real‑world asset offerings on its Prime platform. Observers will monitor whether additional tokenized commodities or securities are added, how loan terms evolve, and whether other custodians follow suit in providing similar financing services.
XAU₮ is a gold‑backed ERC‑20 token issued by TG Commodities that represents one troy ounce of physical gold.
They can hold the token in custody, trade it on Anchorage’s principal desk, and pledge it as collateral to borrow USD or USDT from counterparties.
Loan‑to‑value ratios, interest rates and minimum sizes are negotiated directly between the borrowing client and the lending counter‑party; Anchorage provides the infrastructure but does not act as the lender.
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