New Players in Asia Get on Board: $200 Million Bet on the "Gold + Bitcoin" Dual-Track System

Hong Kong investment group DL Holdings has just made a significant move—partnering with Antalpha to invest 200 million USD, while betting on two directions: Tether Gold (XAUT) and Bitcoin mining infrastructure.

Mining on the Chain: The Ambition of 1 Million XAUT

Start with gold tokens. DL Holdings has already invested $5 million to purchase XAUT (the gold token issued by Tether), planning to acquire 100 million tokens within 12 months. Behind these tokens is real gold—over 7 tons of physical gold stored in a London warehouse.

Why play this way? The background is clear: this year, gold prices have increased by over 60% from the beginning of the year until now, and market sentiment is at an all-time high. Moreover, the entire RWA (Real World Asset Tokenization) sector has exploded to a scale of 300 billion USD, with gold tokens being the largest sub-segment. DL Holdings aims to package gold into derivatives, financing tools, and structured products through Antalpha's RWA Hub platform to sell to high-net-worth clients and institutions.

Mining Layout: Target Annual Production of 1500 BTC

On the other hand, DL Holdings has invested $100 million in Bitcoin mining. Current progress: Thousands of mining machines have already been purchased, and an additional 3,000 Antminer S21 (the top product from Bitmain) are being prepared. At the current hash rate, they can mine 350 BTC in a year, with a goal of reaching 1,500.

Antalpha acts as the “financial steward” here - providing financing, risk management, and technical support. Bitmain (which controls 75% of the global mining machine market) serves as the equipment provider, forming a “golden triangle” in collaboration with the three parties, creating a seamless chain from equipment → financing → operation.

Why this combination?

DL Holdings' logic is straightforward: gold is the ultimate channel for traditional assets, while Bitcoin is the super carrier of digital assets. One represents the historical role of value storage, and the other represents a new force for future growth. Walking on two legs, regardless of how the macro wind blows, it can maintain its position.

Moreover, this company has done other things: it previously put ByteDance shares and property deeds on the blockchain as RWA. Now it has also secured a place on the global list of Tether and Bitmain – this is part of the layout for the “digital financial pilot zone” in the Asia-Pacific region, especially taking advantage of the policy dividends in Hong Kong.

Data Highlights

• The total scale of XAUT is backed by 7 tons of gold.
• BTC annual production target changed from 350 coins to 1500 coins
• Investment scale of 200 million USD (100 million in gold + 100 million in Mining)
• The total scale of the RWA market has exceeded 300 billion USD.

The ambition of this operation lies in: not merely the hedge fund mentality of speculating on coins, but rather the desire to create a “Hong Kong-Macau Virtual and Physical Trade Center”. This will allow traditional wealth and digital assets to circulate here.