Tokenized Gold Sees Institutional Adoption, Prediction Market Firm Secures Major Funding
Tokenized Gold Sees Institutional Adoption, Prediction Market Firm Secures Major Funding
Antalpha has led a substantial $150 million financing round for Aurelion, aiming to establish a Tether Gold treasury, marking a significant step for institutional adoption of tokenized assets. Meanwhile, prediction market platform Kalshi achieved a $5 billion valuation after a $300 million raise, surpassing Polymarket in global market share.
Tokenized Gold Gains Traction in Corporate Treasuries
Antalpha is spearheading a $150 million financing initiative for Aurelion, specifically to establish a treasury holding in Tether Gold (XAUt). This development is significant as it marks the first instance of a Nasdaq-listed entity utilizing tokenized gold, which is backed by LBMA-standard bullion stored in Switzerland, for its corporate treasury. This move signals increasing institutional interest and confidence in tokenized assets as viable treasury solutions, potentially broadening the market for digital gold products.
Prediction Market Firm Kalshi Achieves $5 Billion Valuation
In other market news, the prediction market platform Kalshi recently secured $300 million in funding, elevating its valuation to an impressive $5 billion. This achievement follows Kalshi's recent success in surpassing Polymarket in global market share, underscoring its growing prominence in the decentralized and regulated prediction market space.