Home›Crypto›Market Structure›Antalpha loan book shrinks after tokenized gold losses…

Antalpha loan book shrinks after tokenized gold losses at Aurelion

Antalpha reported a 34% drop in its total loan book to $1.35 billion as of June 30, and it guided third-quarter revenue of $10 million to $12 million.

Reported · Written up by our desk · Market Structure

Antalpha’s facilitated loan book fell sharply in the second quarter after losses tied to tokenized gold holdings at its controlled subsidiary, Aurelion, pushed the digital asset lending group into the red, according to the company’s SEC filing reviewed by CryptoSlate.

The filing showed total loan book declined 34% to $1.35 billion as of June 30, from $2.05 billion a year earlier and $1.71 billion at the end of March. Revenue fell 28% to $12.2 million, while net income attributable to Antalpha swung to a $12.5 million loss from a $700,000 profit.

The contraction spread across Antalpha’s lending segments, with supply-chain loan TVL down 46% to $384 million and margin-loan TVL down 27% to $969 million. Antalpha attributed the market decline to lower financing activity and more selective capital deployment rather than principal losses, saying it has recorded no principal loss since inception.

The earnings hit largely reflected Aurelion, which Antalpha consolidated after taking control in October 2025. CryptoSlate reports that Aurelion recorded about $22.3 million in fair-value losses tied to its XAUt and XAUE tokenized-gold holdings, driving most of Antalpha’s $25.1 million operating loss, and Antalpha expects third-quarter revenue of $10 million to $12 million.

Latest closeGold $4,432.00 ▲1.6%

More like this

Sources