Gold Diggers 2.0: Elemental Royalty’s Tokenized Dividend Fiasco

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What to know:

  • Elemental Royalty is the first public gold firm to pay dividends in tokenized gold-or, as I call it, “digital glitter with a side of geology.”
  • Shareholders can now elect to receive returns in Tether Gold (XAUT), a blockchain-based token backed by physical gold. Because nothing says “trust” like a string of code and a handshake with a computer.
  • Tokenized gold saw rapid growth over the past year amid rising retail demand for the yellow metal. Who knew millennials would prefer their riches to be both mined and minted?

In a move that could only be described as “venturing into the 21st century,” Elemental Royalty Corporation (ELE) is now offering shareholders a choice: cash or XAUT, the latest cryptocurrency to make your grandma ask, “Is this like Monopoly money?”

Announced Tuesday, the Canada-based company will distribute dividends via Tether Gold (XAUT), because why settle for boring old dollars when you can have a token that’s technically gold but requires a Wi-Fi password to access?

Shareholders opting for XAUT will now receive dividends in a format that’s equal parts “financial innovation” and “please don’t let my laptop crash.” It’s like getting a gold coin… that only exists if you remember your 12-word recovery phrase.

This marks the first time a publicly listed gold company has made such an offer, according to the press release. The move comes after Tether bought one-third of Elemental last year. A love story, really-because nothing bonds people like turning a commodity into a speculative asset class.

Gold-backed tokens have become the latest sensation, with the market surpassing $5 billion. XAUT leads the pack, presumably because its name sounds less like a virus and more like a luxury brand. Retail investors, meanwhile, are just trying to avoid trusting anyone with actual gold. Progress!

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2026-02-18 00:22