- ADGM recognized Tether Gold as an Accepted Spot Commodity under its regulated digital asset framework.
- Authorized firms can now offer approved services involving XAU₮ within Abu Dhabi’s financial center.
- Tether said the recognition supports growing institutional adoption of tokenized real-world assets.
Tether announced that Abu Dhabi Global Market (ADGM) has recognized Tether Gold (XAU₮) as an Accepted Spot Commodity, allowing authorized firms to offer services involving the token within the financial center’s regulatory framework. According to Tether, the recognition followed engagement with ADGM and expands regulated access to tokenized gold in the United Arab Emirates. Paolo Ardoino also confirmed the development.
ADGM Expands Access To Tether Gold
According to Tether, firms operating in ADGM can now use XAU₮, provided they hold the required regulatory permissions and receive approval to offer Accepted Spot Commodities. The recognition adds XAU₮ to ADGM’s regulated commodity framework and broadens the range of digital asset products available within the financial center.
Moreover, the decision follows the Financial Services Regulatory Authority’s earlier recognition of USD₮ as an Accepted Fiat Referenced Token. As a result, authorized firms now have another regulated Tether-issued product available for eligible services.
According to Tether CEO Paolo Ardoino, “Tether Gold is now recognized as accepted spot commodity by ADGM.”
Physical Gold Meets Blockchain Infrastructure
Tether said each full XAU₮ token represents one troy fine ounce of physical gold held in a London Good Delivery bar. Consequently, the token combines physical gold ownership with blockchain-based transfer capabilities.
Furthermore, Ardoino said the UAE continues advancing digital asset regulation while supporting tokenized real-world assets. He added that ADGM’s framework creates additional opportunities for regulated firms to work with physically backed digital commodities.
Meanwhile, ADGM Chief Market Development Officer Arvind Ramamurthy said the recognition strengthens the range of products available to businesses operating within the financial center. He also said the move supports continued business growth across Abu Dhabi’s financial ecosystem.
Tokenized Asset Market Continues To Expand
According to Tether, demand for tokenized real-world assets continues rising as institutions seek digital access to traditional financial products. The company said tokenized real-world assets now represent more than $31 billion in distributed asset value, compared with roughly $6.6 billion one year earlier.
Additionally, Tether said XAU₮ extends that model to physical gold through blockchain technology. The company added it will continue working with regulators, licensed firms, and regional partners across the UAE to support digital asset adoption under established regulatory frameworks.
