Tether’s gold-backed token XAUt has acquired Shariah certification from Amanah Advisors, a transfer that might develop entry to the token amongst Islamic monetary establishments and buyers looking for Shariah-compliant publicity to bodily gold.
The certification discovered XAUt’s construction complies with key Islamic finance rules, together with full backing by bodily gold, the absence of curiosity and leverage, and clear reserves. Every XAUt token represents one troy ounce of bodily gold saved in Swiss vaults, based on Tether.
The designation provides Tether a clearer pathway to market XAUt to Islamic monetary establishments and buyers that require Shariah-compliant funding merchandise. Tether mentioned it expects the certification to help adoption throughout markets the place Islamic finance is broadly used, together with the Gulf Cooperation Council, South Asia and elements of Africa.
XAUt is among the largest tokenized gold merchandise within the crypto market. Tether’s newest reserves report confirmed the token was backed by greater than 707,000 troy ounces of bodily gold price over $3.3 billion as of March 31.
In keeping with RWA.xyz information, the token’s onchain asset worth has climbed from about $700 million in July 2025 to roughly $2.5 billion.
Tether tokenized gold. Supply: RWA.xyz
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Shariah-compliant crypto merchandise achieve traction
Cryptocurrencies have lengthy divided Islamic scholarswith debates centering on whether or not digital property adjust to Shariah rules that prohibit extreme uncertainty, hypothesis and curiosity. As firms search to handle these issues, Shariah-compliant digital property have begun to emerge.
One early instance got here in 2025, when Bahrain-based AlAbraaj Restaurants Group adopted a Bitcoin (BTC) treasury technique and mentioned it deliberate to develop Shariah-compliant monetary devices to broaden entry to Bitcoin throughout the Islamic world.
Extra lately, in April, Palm Azgar Finance expanded its Shariah-compliant PUSD stablecoin to ADI Chain, focusing on the greater than $3 trillion Islamic finance market. PUSD turned the second stablecoin obtainable on the community, permitting establishments to settle transactions utilizing both a dollar-linked asset or a dirham-denominated token on the identical infrastructure.
In the meantime, Dubai has emerged as a leading crypto hub within the Center East, persevering with to develop its regulated digital asset market. Earlier this month, the emirate’s Digital Belongings Regulatory Authority (VARA) issued its 50th virtual asset service provider licensesurpassing the variety of licensed crypto companies in Hong Kong and Singapore.
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