DL Holdings Group, a Hong Kong-listed firm, and service provider Antalpha have announced a strategic alliance. The deal involves an investment of up to $200 million. According to the firms’ official announcement, this initiative is split into two key areas: gold tokenization and Bitcoin mining infrastructure expansion. The goal is to connect traditional finance with the digital economía (economy).
Dual strategy: $100M for Tether Gold and $100M for hashrate
The investment is divided equally. DL Holdings plans to acquire and distribute up to $100 million in Tether Gold (XAU₮) over the next twelve months. This strategy builds on an initial $5 million investment made earlier this year. Simultaneously, another $100 million will be allocated to expand Bitcoin mining operations. The company is finalizing the acquisition of 3,000 Antminer S21 units from Bitmain. Antalpha will support both areas. It will offer liquidity and custody for XAU₮ through its RWA Hub and provide financing and technical support for mining.
This alliance seeks to capitalize on the growing Real World Assets (RWA) market. The global tokenized gold market already exceeds $3 billion, making it the leading segment in the RWA space. Although projections for RWAs reach trillions by 2030, institutional adoption remains limited. Most RWA activity is still driven by crypto-native companies. The mining strategy is also ambitious. The medium-term goal is to reach an annual production of 1,500 BTC, starting from an initial projection of 350 BTC annually with the new equipment.
Could this Asian trend redefine corporate treasuries?
The initiative by DL Holdings and Antalpha aligns with a broader regional trend. Companies in Asia, particularly in Japan, are adopting “Bitcoin Treasury Strategies.” These seek to diversify their balance sheets and strengthen them with digital assets. However, volatility remains a barrier. Many Japanese investors prefer structured products that offer fixed yields, rather than direct Bitcoin exposure. Japanese households hold over $15 trillion in savings. A small transfer of those savings to BTC would represent massive demand of $150 billion.
The move by DL Holdings is a significant step in connecting RWAs and BTC mining under one corporate umbrella. This dual investment serves as a sophisticated bridge between the stability of gold and the growth potential of Bitcoin. The success of this investment in tokenized gold and Bitcoin mining will depend on Antalpha’s execution and market reception. The alliance sets an important precedent for how traditional companies can integrate digital assets.
