Overview
- Elemental approved an annual dividend of US$0.12 per share, paid in US$0.03 quarterly installments, with qualifying registered investors able to elect XAUT instead of cash.
- The company is the first publicly listed gold firm to offer dividends in tokenized gold, following Tether’s roughly one‑third stake acquired in 2025.
- Elemental’s shares fell about 7.8% to US$19.41 on the day of the announcement, according to market data cited in coverage.
- Each XAUT represents one fine troy ounce of LBMA Good Delivery gold, with the token’s market value around US$2.5 billion and the broader tokenized‑gold sector above US$5 billion.
- Tether’s CEO Paolo Ardoino framed the move as advancing tokenized assets in corporate finance, with the company touting gold holdings of roughly 140 tons and growing market‑maker and platform support.