Hong Kong Firm Invests $200 Million in Tether Gold and Bitcoin Mining

Hong Kong-listed DL Holdings Group Limited and digital asset financial services provider Antalpha have announced a strategic partnership involving up to $200 million in investments across two distinct areas of the digital asset market.

The initiative comprises a dual-track strategy focused on the tokenization of gold assets and the expansion of Bitcoin mining infrastructure, which the companies describe as an effort to connect traditional finance with the digital economy.

Gold Tokenization Push: $100M Investment in XAU₮

As part of the new partnership, DL Holdings plans to acquire and distribute Tether Gold (XAU₮) — a tokenized gold asset issued by Tether and backed by physical gold stored in secure vaults.

The Hong Kong-listed firm said it intends to invest up to $100 million in XAU₮ over the next twelve months, building on an initial $5 million investment made earlier this year.

The global market for tokenized gold currently exceeds $3 billion, making it the largest segment within the broader real-world asset (RWA) tokenization space, which stands at around $25 billion.

Some market forecasts suggest that the RWA market could expand significantly by 2030 if institutional adoption grows, potentially reaching several trillion dollars in total value.

However, adoption among traditional financial institutions remains limited. According to research from JPMorgan and other industry analysts, most RWA activity is still driven by crypto-native firms.