Antalpha Joins Forces with LBMA Custodian Malca-Amit to Create an Asian Exchange Network for Digital Gold (XAU₮) in Hong Kong
SINGAPORE, Dec. 09, 2025 — Amid growing global economic instability and geopolitical tensions, gold has reaffirmed its role as a fundamental store of value. Antalpha has now revealed a strategic alliance with Malca-Amit, a premier custodian accredited by the London Bullion Market Association (LBMA), to introduce a smooth exchange service for converting Tether Gold (XAU₮) to physical gold in Hong Kong.
The market cap of XAU₮ in circulation has jumped from around $800 million to $2.2 billion in the five months since July 2025. This swift expansion signals a major transformation is underway: gold ownership is moving from conventional physical holding into the digital era.
Top-Tier Security: Fortifying the Foundation with LBMA Standards
To ensure maximum security for the physical gold backing XAU₮, Antalpha has teamed up with Malca-Amit, a global specialist in high-value asset custody. To bolster risk controls further, the partners are discussing the creation of a gold reserve system to enable dynamic stock replenishment, establishing a dual-layer safety net.
As an LBMA full member, Malca-Amit maintains ISO 9001 (Quality Management) and ISO 27001 (Information Security) certifications. Its operations are approved by the London Clearing House and it holds LBMA-accredited credentials for official weighing and assaying of precious metals.
Antalpha’s Gold Strategy: Constructing Cycle-Resilient Infrastructure
The key asset powering this exchange innovation—Tether Gold (XAU₮)—is integral to Antalpha’s structured gold strategy. Similar to Bitcoin, gold serves as a crucial value reserve through economic cycles, owing to its limited supply and time-tested durability.
Guided by this understanding, Antalpha has been actively involved in developing the XAU₮ ecosystem in recent years. As a Tether Gold ecosystem partner, Antalpha’s primary activities involve strengthening the XAU₮ market-making network, consolidating liquidity across exchanges, and offering novel collateralized lending options. The company’s platform focuses on mobilizing inactive gold holdings and supplying the market with consistent, substantial liquidity.
Antalpha is currently setting up physical vault locations in key global financial hubs. Through tight integration of custodians, trading venues, and financial firms, it is creating a “physical-digital” closed-loop ecosystem that merges frictionless asset conversion with secure circulation.
A Revolution in Efficiency: From Weeks to One Day
Clients of Antalpha can now directly subscribe to XAU₮ through its platform. After finishing KYC checks, clients can promptly arrange physical exchanges. By utilizing Malca-Amit’s high-caliber global vault network and expert logistics, the settlement timeframe has been cut dramatically to T+1 business days, enabling clients to collect physical gold at specified sites in Hong Kong.
“Conventional physical gold trading frequently suffers from high premiums and systemic issues like storage safety and illiquidity,” stated Paul Liang, CFO of Antalpha. “Our extensive partnership with elite players in the LBMA framework seeks to deliver a holistic solution that merges the high liquidity of digital assets with the tangible safety of traditional gold.”
Beginning December 12, in compliance with relevant local regulations, Antalpha will offer bulk XAU₮ exchange services to eligible institutional clients (minimum 2 kg), with full support for stablecoin settlement. Asian investors can receive physical gold directly in Hong Kong or choose professional armored transportation for secure door-to-door delivery. Additionally, the already vast global vault network provides the foundational infrastructure to potentially extend this exchange service worldwide in the future.
This service pertains to virtual asset and precious metals trading, which carries risks related to market fluctuations, custody, and regulation. Investors are advised to seek professional guidance.
About Antalpha
Antalpha is a top fintech firm that provides financing, technology, and risk management solutions to institutions in the digital asset sector. Via its Antalpha Prime technology platform, it offers Bitcoin supply chain and margin loans, enabling clients to initiate and oversee their digital asset borrowing while tracking collateral positions with near real-time data.
About Malca-Amit
Malca-Amit is a foremost global service provider for logistics, storage, and customs handling of high-value items, including gold, and is a key LBMA member. Leveraging its worldwide network and stringent security protocols, it serves banks, financial institutions, mining firms, and jewelry businesses across the globe.
Safe Harbor Statement
This press release includes statements that may be deemed “forward-looking” under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be recognized by terms like “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and comparable expressions. Statements that are not historical facts, including those concerning Antalpha’s beliefs, plans, and expectations, are forward-looking. Such statements inherently involve risks and uncertainties. More details on these and other risks are found in Antalpha’s SEC filings. All information herein is current as of this press release’s date, and Antalpha assumes no duty to update any forward-looking statement, except as mandated by law.
Contacts
Investor Contact: ir@antalpha.com
