Antalpha Aims to Raise $46M in US IPO, Tether Invests $25M

Generated by AI AgentMarket Intel
Wednesday, May 7, 2025 6:02 am ET1min read
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Antalpha Platform Holding, a prominent provider of supply chain financing solutions in the digital asset industry, has unveiled its plans to go public in the United States. The company is set to issue 3.9 million shares at a price range of $11 to $13 per share, with the aim of raising approximately $46 million. This strategic move is poised to enhance Antalpha's market presence and capabilities within the digital asset sector.

Tether, the issuer of the stablecoin USDT, has pledged to purchase $25 million worth of shares, accounting for 54% of the total offering. This significant investment highlights the confidence that key players in the digital asset industry have in Antalpha's potential and its innovative approach to supply chain financing.

Antalpha's decision to go public coincides with a period of rapid growth and increasing mainstream adoption in the digital asset industry. The company's

Antalpha
Prime platform offers a range of services, including Bitcoin collateralized loans and margin lending, positioning it as a pivotal player in the digital asset financing space. By going public, Antalpha aims to utilize the capital raised to further develop its technology, expand its service offerings, and attract more institutional investors to its platform.

The IPO is anticipated to provide Antalpha with the financial resources necessary to scale its operations and compete more effectively in the global digital asset market. The company's focus on supply chain financing and its innovative use of digital assets to facilitate lending and borrowing set it apart in the industry. As the digital asset ecosystem continues to evolve, Antalpha's public listing could open the door for other companies in the sector to follow, further driving innovation and growth in the space.

Antalpha Platform Holding was established in 2022 and reported revenue of $47 million for the 12 months ending December 31, 2024. The company plans to list on the Nasdaq under the ticker symbol "ANTA." Roth Capital and Compass Point are serving as the joint bookrunners for this transaction.