Elemental Royalty Launches Gold Dividends via Tether’s XAUT
- Elemental Royalty has announced its first dividend, allowing shareholders to receive Tether’s tokenized gold, XAUT.
- This marks the first-ever gold dividend distribution by a public gold royalty company.
- The market value for tokenized gold has exceeded $5 billion, with XAUT leading in volume and supply.
- XAUT is pegged at a ratio of 1:1 to one troy ounce of physical gold held in secure vaults.
- Currently, XAUT trades at $4,909, with a trading volume increase of nearly 75% over the past day.
The introduction of dividends in blockchain-based tokens reflects Elemental Royalty’s strategic growth and confidence in its business model. As demand for real-world asset (RWA) tokenization rises, this initiative positions Elemental as a pioneer in the sector.
With XAUT futures open interest rising nearly by $453.28 billion recently, this move highlights the growing interest in Stablecoin assets like tokenized gold.(Source)
