Amidst global macroeconomic turmoil and heightened geopolitical uncertainty, gold has once again solidified its position as a core anchor of value. Antalpha today announced a strategic partnership with Malca Amit, a leading custodian and full member of the London Bullion Market Association (LBMA), to officially launch a seamless exchange service for Tether Gold (XAU₮) digital gold and physical gold in Hong Kong. In just five months since July 2025, the circulating market capitalization of XAU₮ has surged from approximately $800 million to $2.2 billion. This rapid growth marks the beginning of a major transformation: the way gold is held is shifting from traditional physical storage to the digital age. Top-tier security endorsement: Leveraging the LBMA system to solidify the foundation of trustworthy physical gold redemption. Antalpha has partnered with Malca-Amit, a global leader in high-end asset custody, to provide the highest level of security for the underlying physical assets of XAU₮. To further strengthen risk management, Antalpha is in discussions with Malca-Amit to establish a gold reserve mechanism, designed to support dynamic replenishment of physical inventory and create a double security barrier. As a full member of the LBMA, Malca-Amit holds both ISO 9001 (quality management) and ISO 27001 (information security) certifications, and its facilities are authorized by the London Clearing House, possessing LBMA-recognized authoritative weighing and testing qualifications for precious metals. Antalpha's Golden Ambition: Building a Digital Golden Foundation That Transcends Cycles The core asset of this exchange revolution—Tether Gold (XAU₮)—is backed by Antalpha's systematic gold strategy. Like Bitcoin, gold, through its scarcity and historical resilience, has proven its status as the ultimate carrier of value across economic cycles. Based on this shared value, Antalpha has been continuously involved in the development of the XAU₮ ecosystem in recent years. As an ecosystem partner of Tether Gold, Antalpha's core business encompasses XAU₮ market maker network enhancement, cross-exchange liquidity aggregation, and innovative collateralized lending solutions. The platform is dedicated to activating existing gold assets and injecting continuous and deep liquidity into the market. Currently, Antalpha is working with partners to deploy physical vault nodes in major financial centers around the world, building a 'physical-digital' closed-loop gold ecosystem that integrates seamless exchange and trusted circulation by deeply linking custodians, trading platforms and financial institutions. The Gold Exchange Revolution: A Leap in Efficiency from Weeks to One Day Antalpha's institutional clients can now directly purchase XAU₮ through Antalpha and schedule a physical gold redemption appointment after completing KYC verification. Leveraging Malca-Amit's global high-standard vault network and professional logistics system, the entire process is significantly reduced to T+1 business days, allowing clients to immediately withdraw their physical gold from designated locations in Hong Kong. “Traditional physical gold trading is often accompanied by high premium costs and has long been constrained by structural pain points such as storage security risks and lack of liquidity,” said Antalpha CFO Paul Liang. “Our deep collaboration with top partners in the LBMA system is precisely to create a comprehensive solution that combines the high liquidity of digital assets with the physical security of traditional gold.” Starting December 12th, Antalpha will offer qualified institutional clients support for large-scale XAU₮ physical gold redemptions (starting from 2 kg), subject to applicable regulatory requirements in various regions, and will fully support stablecoin payment and settlement channels. Asian investors can directly withdraw gold in Hong Kong or choose professional armored escort services to complete the point-to-point secure transportation of physical gold from the vault to the designated location. Furthermore, Malca-Amit's extensive global vault network provides a solid infrastructure foundation for future expansion of redemption services to the global market. This service involves VA and precious metals trading and may be subject to market volatility, custody, and regulatory risks. Investors should consult with a professional advisor. About Antalpha Antalpha is a leading fintech company focused on providing financing, technology, and risk management solutions to institutions in the digital asset industry. Antalpha offers Bitcoin supply chain and margin lending through its Antalpha Prime technology platform. Through this platform, clients can initiate and manage their digital asset loans and monitor their collateral positions using near real-time data. Regarding Malca-Amit Malca-Amit is a leading global provider of logistics, storage, and customs services for valuables (including gold) and a full member of the LBMA. Leveraging its global network and the highest security standards, it provides professional services to banks, financial institutions, mining companies, and jewelers worldwide. Safe Harbor Declaration This press release contains statements that may constitute "forward-looking" statements as defined under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “will,” “expect,” “anticipate,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “may,” and similar expressions. All statements that are not historical facts, including statements about Antalpha's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. For more information about these and other risks, please refer to Antalpha's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and Antalpha undertakes no obligation to update any forward-looking statements except as required by applicable law. Amidst global macroeconomic turmoil and heightened geopolitical uncertainty, gold has once again solidified its position as a core anchor of value. Antalpha today announced a strategic partnership with Malca Amit, a leading custodian and full member of the London Bullion Market Association (LBMA), to officially launch a seamless exchange service for Tether Gold (XAU₮) digital gold and physical gold in Hong Kong. In just five months since July 2025, the circulating market capitalization of XAU₮ has surged from approximately $800 million to $2.2 billion. This rapid growth marks the beginning of a major transformation: the way gold is held is shifting from traditional physical storage to the digital age. Top-tier security endorsement: Leveraging the LBMA system to solidify the foundation of trustworthy physical gold redemption. Antalpha has partnered with Malca-Amit, a global leader in high-end asset custody, to provide the highest level of security for the underlying physical assets of XAU₮. To further strengthen risk management, Antalpha is in discussions with Malca-Amit to establish a gold reserve mechanism, designed to support dynamic replenishment of physical inventory and create a double security barrier. As a full member of the LBMA, Malca-Amit holds both ISO 9001 (quality management) and ISO 27001 (information security) certifications, and its facilities are authorized by the London Clearing House, possessing LBMA-recognized authoritative weighing and testing qualifications for precious metals. Antalpha's Golden Ambition: Building a Digital Golden Foundation That Transcends Cycles The core asset of this exchange revolution—Tether Gold (XAU₮)—is backed by Antalpha's systematic gold strategy. Like Bitcoin, gold, through its scarcity and historical resilience, has proven its status as the ultimate carrier of value across economic cycles. Based on this shared value, Antalpha has been continuously involved in the development of the XAU₮ ecosystem in recent years. As an ecosystem partner of Tether Gold, Antalpha's core business encompasses XAU₮ market maker network enhancement, cross-exchange liquidity aggregation, and innovative collateralized lending solutions. The platform is dedicated to activating existing gold assets and injecting continuous and deep liquidity into the market. Currently, Antalpha is working with partners to deploy physical vault nodes in major financial centers around the world, building a 'physical-digital' closed-loop gold ecosystem that integrates seamless exchange and trusted circulation by deeply linking custodians, trading platforms and financial institutions. The Gold Exchange Revolution: A Leap in Efficiency from Weeks to One Day Antalpha's institutional clients can now directly purchase XAU₮ through Antalpha and schedule a physical gold redemption appointment after completing KYC verification. Leveraging Malca-Amit's global high-standard vault network and professional logistics system, the entire process is significantly reduced to T+1 business days, allowing clients to immediately withdraw their physical gold from designated locations in Hong Kong. “Traditional physical gold trading is often accompanied by high premium costs and has long been constrained by structural pain points such as storage security risks and lack of liquidity,” said Antalpha CFO Paul Liang. “Our deep collaboration with top partners in the LBMA system is precisely to create a comprehensive solution that combines the high liquidity of digital assets with the physical security of traditional gold.” Starting December 12th, Antalpha will offer qualified institutional clients support for large-scale XAU₮ physical gold redemptions (starting from 2 kg), subject to applicable regulatory requirements in various regions, and will fully support stablecoin payment and settlement channels. Asian investors can directly withdraw gold in Hong Kong or choose professional armored escort services to complete the point-to-point secure transportation of physical gold from the vault to the designated location. Furthermore, Malca-Amit's extensive global vault network provides a solid infrastructure foundation for future expansion of redemption services to the global market. This service involves VA and precious metals trading and may be subject to market volatility, custody, and regulatory risks. Investors should consult with a professional advisor. About Antalpha Antalpha is a leading fintech company focused on providing financing, technology, and risk management solutions to institutions in the digital asset industry. Antalpha offers Bitcoin supply chain and margin lending through its Antalpha Prime technology platform. Through this platform, clients can initiate and manage their digital asset loans and monitor their collateral positions using near real-time data. Regarding Malca-Amit Malca-Amit is a leading global provider of logistics, storage, and customs services for valuables (including gold) and a full member of the LBMA. Leveraging its global network and the highest security standards, it provides professional services to banks, financial institutions, mining companies, and jewelers worldwide. Safe Harbor Declaration This press release contains statements that may constitute "forward-looking" statements as defined under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by words such as “will,” “expect,” “anticipate,” “aim,” “future,” “intend,” “plan,” “believe,” “estimate,” “may,” and similar expressions. All statements that are not historical facts, including statements about Antalpha's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. For more information about these and other risks, please refer to Antalpha's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of this press release, and Antalpha undertakes no obligation to update any forward-looking statements except as required by applicable law.