Bybit Debuts Tokenized Gold Options with Tether Gold Partnership

Bybit has expanded its ecosystem around tokenized gold by introducing XAUT options, which enable institutional-grade hedging for Tether Gold and Orbit Markets.

This move marks another step toward the convergence of traditional financial markets and the blockchain ecosystem, offering investors a way to apply classic hedging, risk management, and speculation strategies to the price of gold without leaving the crypto environment.

The new contracts are based on Tether Gold (XAUT), which provides ownership of physical gold stored in Swiss vaults, with each token representing one troy ounce of gold.