Aurelion allocates $48 million to the XAUE tokenized gold protocol

CryptoWorld News reports that, according to Cointelegraph, Aurelion has allocated 10,000 tokens to the XAUE tokenized gold protocol, valued at approximately $48 million. The XAUE protocol allows holders to earn yields on tokenized gold through lending and trading strategies while maintaining exposure to the underlying asset. Aurelion is a company listed on Nasdaq that is building a treasury based on Tether Gold and positioning Tether Gold as its primary reserve asset. According to an initial announcement from the Auris Foundation, Antalpha has also committed to providing approximately $76 million in funding to the protocol. XAUE generates returns through strategies such as institutional lending and quantitative trading, with returns reflected in an increase in the amount of gold backing per token rather than via separate distributions. The protocol runs on Ethereum, using a fixed supply model: deposited XAUT is converted into XAUE at a ratio of 1000:1.