OSL partners with Antalpha to launch a gold-backed stablecoin, available for trading by professional investors in Hong Kong

The stablecoin trading platform OSL Group (863) has reached a cooperation agreement with the digital asset service provider Antalpha to jointly build an ecosystem for digital gold and real-world asset (RWA) allocation. The first result of this collaboration was launched today, with the OSL exchange officially listing the world's largest gold stablecoin, Tether Gold (XAUT). Professional investors in Hong Kong can participate in the trading of XAUT/USDT and XAUT/USD through OSL HK's over-the-counter trading, marking an innovative attempt for Hong Kong institutions to achieve a closed-loop operation of "fiat currency - digital assets - physical gold" within a compliant framework at a licensed exchange. Investment Threshold as Low as 0.000001 Ounces XAUT currently has a circulating market value of USD 2.2 billion, with each token corresponding to 1:1 physical gold as per the standards of the London Bullion Market Association, and quarterly audit reports issued by third-party institutions to ensure asset transparency and traceability. The official statement highlights its core advantage of having an investment threshold as low as 0.000001 ounces, catering to diverse needs from micro allocations to bulk transactions. Additionally, it addresses pain points in traditional gold investment, such as eliminating storage issues compared to physical gold and offering stronger liquidity; unlike paper gold, it provides verifiable physical redemption rights; and unlike traditional gold ETFs that typically charge an annual fee of 0.5%, XAUT has zero holding management fees, with physical delivery thresholds far lower than ETFs, which usually require a redemption of 1 to 3 kilograms, while XAUT has no such restrictions and supports efficient T+1 delivery. At the beginning of this month, Antalpha has already opened a service for Hong Kong institutional clients to exchange XAUT for physical gold bars, leveraging the storage and custody resources of leading vaults in Hong Kong to ensure delivery safety; OSL, with its compliant infrastructure and institutional-grade distribution channels, is broadening the compliant access channels for the product. Promoting the Popularization of Digital Gold and RWA in Hong Kong George Chow, Managing Director of Antalpha, pointed out that both parties will use this cooperation as a starting point to promote the popularization of digital gold and RWA in Hong Kong. In the future, they will also explore financial innovation services based on XAUT, including collateralized lending and structured digital asset products using it as an underlying asset, creating a closed loop of "payment - investment - financing." OSL Chief Business Officer Zhang Yinghua stated that both parties have previously communicated deeply with numerous institutional clients, and there is strong market demand for such stable assets. Regarding long-term planning, Zhang Yinghua mentioned that OSL's core development direction focuses on the global payment sector, aiming to optimize the time and cost of cross-border payments through various compliant licenses; in terms of RWA layout, they are studying expansion into other precious metals such as platinum. As for the opening of the retail market, it requires prior communication with Hong Kong regulatory authorities for application, and there is currently no clear timetable; global expansion will replicate the cooperation model based on local regulatory requirements, with compliance communication being the primary challenge. He emphasized that OSL only conducts business in Hong Kong and overseas, strictly adhering to local regulations and has not entered the mainland market. The institutional advantages of Hong Kong's "one country, two systems" will provide strong support for the development of stablecoin business, unaffected by the regulatory definitions in the mainland