[DigitalToday reporter Chi-gyu Hwang (황치규)] Canada-based Elemental Royalty Corporation (ELE) will introduce blockchain-based gold dividends, CoinDesk reported on Feb. 17.
Elemental will pay dividends to shareholders in Tether Gold (XAUT), a tokenised gold product offered by Tether, instead of cash. It will allow shareholders to hold a digital asset directly linked to gold prices.
The decision follows Tether's purchase of a one-third stake in Elemental last year, which stepped up cooperation between the two companies. XAUT is the largest gold-backed token in the market, leading in both supply and trading volume.
The tokenised gold market is growing rapidly, with its total size already surpassing $5 billion.
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Chi-gyu Hwang
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