Tether completed the acquisition of a 31.9% stake in Elemental Altus Royalties for CAD175m.

Tether Investments, an independent investment arm of Tether, completed the acquisition of a 31.9% stake in Elemental Altus Royalties, a precious metals royalty company, for CAD175m. “Our investment in Elemental Altus reflects Tether’s expanding commitment to real-world assets that offer stability, scalability and long-term value. Elemental Altus stands out with its disciplined approach to royalties and its exposure to gold, an enduring store of value in an increasingly uncertain global economy. This strategic move aligns with our broader vision of financial empowerment through infrastructure and asset-backed innovation,” Paolo Ardoino, Tether Investments CEO.