Tokenized Gold and Bitcoin Mining Unite in a Dual Financial Strategy
Hong Kong-based DL Holdings Group Limited has announced a strategic partnership with Antalpha, a global digital asset financial services provider. The collaboration, valued at up to $200 million, combines tokenized gold assets and Bitcoin mining infrastructure, forming a “dual strategy” at the crossroads of traditional and digital finance.
DL Holdings has already made its initial $5 million investment in Tether Gold (XAUT) and plans to acquire and distribute up to 100 million XAUT over the next 12 months. Each XAUT token, issued by Tether, is backed by physical gold bars stored in secure London vaults.
The company aims to make gold investment accessible on the blockchain for institutional and private investors through brokerage accounts and structured products. Antalpha will provide liquidity, custody, and XAUT-secured lending through its RWA Hub platform, and plans to establish physical vaults in global financial centers to facilitate gold redemption.
“We’re developing both the value store and the infrastructure of the digital financial world. By tokenizing physical gold, we’re reimagining the way value is stored and circulated,” said Andy Chen, CEO of DL Holdings and NeuralFin.
The partnership, first announced in early October, positions DL Holdings as Tether Gold’s key strategic partner in the Asia-Pacific region. Together with Antalpha, the company will develop yield-enhancing products, secured lending, and structured solutions for high-net-worth clients.
Investing in Gold and Bitcoin Infrastructure
Amid global inflation and geopolitical uncertainty, gold prices have surged more than 60% year-to-date, while the tokenized gold market has grown beyond $3 billion, becoming the largest segment of tokenized real-world assets (RWAs).
In parallel, DL Holdings is committing another $100 million to expand its Bitcoin mining infrastructure. The firm has already purchased several thousand high-performance mining machines and is preparing to buy approximately 3,000 Antminer S21s from Bitmain. Current capacity yields about 350 BTC annually, with a medium-term target of 1,500 BTC per year.
Antalpha’s Role and the “Golden Triad”
As a strategic partner, Antalpha will offer funding, technology support, and risk management, helping to create transparent access channels to Bitcoin for both private and institutional investors.
“By investing in large-scale hashrate, we are strengthening the foundation of digital assets. These two strategies—gold and Bitcoin—complement each other and form the core of DL’s competitive advantage in the global financial market,” Chen said.
Antalpha is a key financial partner of Bitmain, the world’s largest mining equipment manufacturer, which controls roughly 75% of the global market. The collaboration between DL Holdings, Antalpha, and Bitmain forms a “golden triad” of technology, financing, and scalability aimed at building Asia’s leading Bitcoin mining enterprise.
DL Holdings previously tokenized stakes in ByteDance and Kraken, and converted its DL Tower (Hong Kong) and ONE Carmel (USA) properties into real-world assets (RWAs). These initiatives align with Hong Kong’s ambition to become a global hub for digital finance, reinforcing DL Holdings’ role as a pioneer in merging traditional and blockchain-based assets.
