Home BlockchainPrecious Metals Royalties Firm to Offer Dividends in Tether's Tokenized Gold

Precious Metals Royalties Firm to Offer Dividends in Tether's Tokenized Gold

by Decrypt
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Precious Metals Royalties Firm to Offer Dividends in Tether's Tokenized Gold

In brief

  • Elemental Royalty plans to offer dividends in Tether’s XAUT.
  • The stablecoin issuer’s tokenized gold product is valued at $2.5 billion.
  • Tether’s CEO has placed its gold holdings around 140 tons.

Elemental Royalty signaled on Tuesday that investors will be able to receive dividends in the form of Tether’s XAUT, establishing a novel use case for tokenized gold on Wall Street.

The move is aimed at providing investors with direct ownership of physical gold, stemming from investments in gold…

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