KPMG Audits Tether Gold Issuer TG Commodities’ 2025 Books, $2.2B in Bullion

The significance here is less the clean opinion than the auditor's identity: a Big Four firm attaching its name to a tokenized-gold issuer marks a step in the asset class's move from self-reported reserves toward conventional financial assurance. It matters most for XAUT holders and for peers in tokenized commodities who still rely on lighter attestations. Two limits are worth noting: the disclosure originates with Tether, not KPMG, and the scope is a single point-in-time snapshot rather than continuous verification. Whether other issuers follow with comparable audits, and whether the underlying report becomes publicly accessible, are the open questions.