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Tether\'s gold token XAUT approved in Abu Dhabi, expands regulatory coverage after USDT

Tether Gold (XAUT) has been approved as a spot commodity in Abu Dhabi Global Market (ADGM), enabling regulated firms in the financial centre to provide services tied to the tokenised gold asset. The move follows ADGM’s acceptance of Tether’s dollar-pegged stablecoin USDt (USDT) as a fiat-referenced token. Data cited show XAUT’s total value locked rising more than threefold over a year, while firms plan additional uses such as loan collateral.

Crypto

SBI targets Southeast Asia with Coinhako acquisition, brings 1.11 trillion Shiba Inu tokens into group

SBI Holdings has made Singapore crypto exchange Coinhako a subsidiary, bringing its digital asset holdings into the group ecosystem, including 1.11 trillion Shiba Inu tokens. The acquisition was carried out through SBI Ventures Asset and completed after final approval from the Monetary Authority of Singapore. SBI plans to use Coinhako as a base to expand blockchain-based financial services in Southeast Asia and link users to the yen-pegged stablecoin JPYSC and tokenised real-world asset products.

Crypto

Airbnb CEO says trust, not technology, will decide RWA tokenisation market

Airbnb CEO Brian Chesky said trust is the core competitive edge in the real-world asset (RWA) tokenisation market, arguing that platforms must prove assets exist, are managed properly and can be redeemed. He said tokenisation should be seen as a change in ownership, enabling people to buy and sell fractions of buildings, bonds or funds as easily as sending a message. Market data cited in reports show tokenised RWAs expanding quickly, with Ethereum a key infrastructure.