Aurise Foundation, a nonprofit developing tokenized asset infrastructure, announced the launch of XAUE, a yield-bearing gold token linked to Tether Gold (XAU₮). The product is designed for institutional participants and introduces yield generation to tokenized gold, which is traditionally not a source of income.
At launch, Aurelion, a digital asset investment firm, and Antalpha, a crypto financial services provider, committed 16,052 XAU₮ to the system, valued at about $76 million as of April 22. The foundation said XAUE could later integrate with decentralized finance protocols and be used as collateral in on-chain markets.
cryptonews.net