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Tether CEO aims to allocate up to 15% of its portfolio to gold
- This year, Paxos Gold drew more than $248 million of fresh capital through January, backed by physical gold held in LBMA vaults in London, DefiLlama data shows.
- Amid a blistering gold run, gold surged through January, crossing $5,300 per ounce and rising 22%, while bitcoin slid over 10% in a year, shifting some crypto investors toward tokenized gold.
- CoinGecko reports the tokenized-gold market has topped 5.5 billion, with PAXG's market cap exceeding $2.2 billion after inflows, reflecting token mechanics and market scale.
- Regulators and auditors will watch as greater physical ownership via tokens raises custody concerns, while concentrated holdings invite scrutiny for tokenized gold providers and custody and audit firms.
- Longer term, analysts say if corporate treasuries and major banks scale allocations, balance-sheet driven demand could raise practical price floors and cement gold as a routine treasury asset.
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22 Articles
22 Articles
Tether Buys Up to $1 Billion of Gold Monthly, Stores Bullion in Swiss “James Bond” Bunker — and Non‑Traditional Buyers Could Add Fuel to Rally
Tether, the issuer of the world’s largest stablecoin, has quietly assembled one of the largest private bullion hoards, buying as much as two tonnes of gold a week—roughly $1 billion per month—and storing much of it in a high‑security former nuclear bunker in Switzerland that CEO Paolo Ardoino called “a James Bond kind of place.” The firm’s accumulation has helped push gold into record territory and signals a deeper structural shift in the market…
Coverage Details
Total News Sources22
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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