Tether's Gold Token Gains Shariah Certification
Tether has obtained Shariah certification for its gold-backed digital asset, XAU₮. This allows Islamic banks and institutions to invest in physical gold through a compliant digital route. The certification was granted by Amanah Advisors, led by Mufti Faraz Adam.
XAU₮ is issued by TG Commodities, S.A. de C.V., and each token represents direct ownership of physical gold stored in Swiss vaults. This provides holders with allocated gold exposure via blockchain rails. The certification covers real gold ownership, clear asset backing, transparent reserves, and the absence of interest-based features.
Tether's CEO, Paolo Ardoino, said that gold has always represented stability and trust across cultures and generations. He added that Shariah recognition allows Tether to expand access to digital gold while respecting Islamic finance principles.