Elemental Royalty Corporation (ELE) is now offering shareholders something no other public gold company has before: the option to receive dividends in blockchain-based tokens backed by gold.
In a move announced Tuesday, the Canada-based royalty company said it will distribute shareholder returns using stablecoin issuer Tether’s tokenized gold, Tether Gold (XAUT).
Shareholders choosing this route will receive their dividends in XAUT rather than fiat money, providing exposure directly tied to the price of gold with the added flexibility of digital settlement.
This marks the first time a publicly listed gold company has made such an offer, according to the press release. The move comes after Tether bought one-third of Elemental last year.
Gold-backed tokens has emerged as a fast-growing asset class. The total market for tokenized gold has surpassed $5 billion, with XAUT currently leading the sector in both volume and supply. Much of this growth has been driven by retail investors seeking exposure to gold without relying on traditional custodians or intermediaries.
Read more: Tether’s gold stash tops $23 billion as buying outpaces nation states, Jefferies says
www.coindesk.com
#Tethers #tokenized #gold #XAUT #paid #dividend #payments
