Tether Gold, a tokenized asset backed by 7.66 tons of gold, has a market value of over $800 million. The demand for physical bullion has surged, with central banks adding over 1,000 metric tons of gold in 2024. XAUt has gained 40% in the past year, offering protection against inflation and economic uncertainty.

Twenty One Capital has expanded its Bitcoin holdings to approximately 43,500 BTC, valued at over $5.1 billion. The company has become one of the top three corporate Bitcoin holders since its April launch. Institutional interest in Bitcoin as a store of value continues to grow, driving the accumulation of digital assets.

Avalanche secures a $250 million real-world asset infusion from Grove for Janus Henderson investment products targeting US Treasurys and collateralized loan obligations. The move highlights the momentum of RWAs on the Avalanche blockchain, challenging Ethereum’s dominance in the sector. Grove aims to bring institutional credit strategies onchain.

The SEC approves in-kind redemptions for crypto ETFs, allowing fund managers to exchange ETF shares directly for underlying crypto assets. This change is expected to make crypto ETFs less costly and more efficient. Ethereum ETFs are gaining momentum, with BlackRock’s iShares Ethereum ETF surpassing $10 billion in assets.

Read more at Cointelegraph: Tether Gold Surpasses $800M as Bitcoin Holdings Surge at Twenty One Capital