Anchorage Digital Launches Lending Against Tether Gold for Institutions

Anchorage Digital announced on Nov. 11, 2026, that institutional clients can custody, trade, and borrow against Tether Gold ($XAU₮) through its platform ¹. The collateralized lending program supports the Ethereum-based tokenized precious metal issued by TG Commodities S.A. de C.V., marking the custodian's first step in expanding support for tokenized real-world assets across its prime brokerage unit ¹.

Under the arrangement, institutional participants can store XAU₮ through federally chartered Anchorage Digital Bank, N.A. or Anchorage Digital Singapore ¹. Clients can execute trades directly through the firm's internal principal desk or pledge the gold tokens as collateral to borrow United States dollars or Tether's stablecoin, $USDT ¹. Anchorage co-founder and Chief Executive Nathan McCauley told reporters that the bank operates as an infrastructure and collateral custody provider rather than the direct lender, leaving loan terms, interest rates, and loan-to-value ratios to bilateral agreements between market participants and counterparties, which include the Anchorage Digital Prime Financing desk ¹.

Deepening Ties With Tether

The move builds upon existing technical and financial integrations between Anchorage and Tether ¹. Anchorage Digital Bank already serves as the issuer for USA₮, a domestic stablecoin venture led by Tether, following a February investment where Tether placed $100 million into Anchorage at a $4.2 billion valuation ¹. Anchorage previously partnered with decentralized infrastructure networks to develop institutional credit rails, including work on CustodySync for Borrowing ¹.

McCauley noted that institutional trading activity for XAU₮ expanded tenfold year-over-year, driven by traditional gold operations—such as mining producers and precious-metals distributors—seeking liquidity against reserve assets without liquidating underlying exposures ¹. At the time of writing, Tether's flagship stablecoin USDT changed hands at $0.9989, amid a broader digital asset market capitalization of $2.46 trillion.