The gold royalty firm Elemental Royalty has announced that its shareholders can now receive dividends in Tether Gold (XAUt), a blockchain-based token backed by physical gold.
Instead of traditional fiat payouts, investors can opt for digital tokens directly linked to the price of gold. This marks the first time a publicly listed gold company has offered tokenized gold dividends.
The move comes after Tether acquired a one-third stake in Elemental last year.
Tokenized gold has grown rapidly, with the total market surpassing $5 billion. XAUt currently leads the sector in both supply and trading volume.
Much of the growth has been fueled by investors seeking exposure to gold in a format that can move quickly across borders and platforms.
The option adds flexibility for shareholders. Dividends can still be paid in Fiat currency to those who want conventional distributions. Others who are comfortable using digital wallets may choose tokenized gold, which may offer advantages in terms of blockchain transparency and simpler settlement.
The announcement also signals a broader shift in how public companies may think about capital distribution.
You need to login in order to Like
Leave a comment