The UK Financial Conduct Authority has held talks with banks and industry participants regarding potential regulatory standards and the use of tokenized gold as collateral in wholesale markets.
Aurelion, a Nasdaq-listed company formerly known as Prestige Wealth, has allocated 10,000 Tether Gold units (~$48 million) to XAUE, a new DeFi protocol launched by the Aurise Foundation that generates yield on tokenized gold through institutional lending and quantitative trading. The protocol operates on Ethereum with a fixed-supply model converting XAUT to XAUE at a 1,000:1 ratio. Aurelion raised $150 million in October 2025 to support this strategy and will hold 33,318 total Tether Gold units. Antalpha also committed 16,052 XAUT (~$76 million) to seed the protocol, which targets whitelisted institutional participants.
The company Dogecoin Cash plans to develop tokens representing physical gold, following the lead of firms like Tether and Paxos.
