Abu Dhabi Global Market has recognized Tether Gold as an Accepted Spot Commodity, enabling regulated firms in the financial center to provide services related to the tokenized gold asset.

The designation builds on the earlier acceptance of Tether’s USDT as an Accepted Fiat Referenced Token. It provides greater clarity for businesses seeking to incorporate the product into their offerings.

Tether chief executive Paolo Ardoino noted that the status offers a defined pathway for compliant operations. ADGM officials said the move supports expansion of available products to promote growth in the jurisdiction.

Total value locked in Tether Gold has more than tripled over the past year, reaching approximately $2.86 billion. The asset is increasingly used as collateral, with Bitcoin lending platform Ledn planning to accept it for loans later this year.

Tokenized commodities represent about $4.46 billion, or nearly 13 percent, of the broader tokenized real-world asset market valued at roughly $34.73 billion.