Nasdaq’s First Tether Gold Treasury Launches With $150 Million Investment

CN
2 hours ago

Antalpha invested about $43 million in the round, gaining controlling voting rights in Aurelion, formerly known as Prestige Wealth Inc. (Nasdaq: PWM). Other participants included TG Commodities, the issuer of XAUT, and Kiara Capital Holding. Bitcoin.com News reported on the deal four days ago, prior to it happening.

Pending approvals, Aurelion will trade under the new ticker symbol Nasdaq: AURE beginning Oct. 13. The company’s treasury will hold its reserves exclusively in tether gold (XAUT) to enhance transparency and resilience.

Antalpha CFO Paul Liang said the partnership with Tether expands access to tokenized gold while reinforcing Antalpha’s focus on risk management and real-world asset (RWA) integration through its RWA Hub initiative.

The investment is part of Antalpha’s “Reserve 2.0” strategy, which follows its earlier $20 million acquisition of XAUT and aims to build institutional-grade governance around digital gold assets.

Tether gold (XAUT), launched in 2020, is reported to be fully backed by physical bullion stored in Switzerland and redeemable for London Good Delivery bars, providing a stable hedge against inflation, fiat devaluation, and crypto volatility.

The move comes at a time when the price of gold has surged to a record high above the $4,050 mark. However, prices have cooled, and a troy ounce of fine gold stands at $3,979 at 10 a.m. EST on Oct. 10.

💡FAQ

  • What is Tether Gold (XAUT)?
    A digital token fully backed by physical gold stored in Swiss vaults.
  • Who led the Aurelion financing?
    Antalpha Platform Holding Company led with a $43 million investment.
  • When will Aurelion trade under its new symbol?
    The company is expected to trade as NASDAQ: AURE starting Oct. 13, 2025.
  • What is the goal of Aurelion’s Tether Gold treasury?
    To provide a transparent, gold-backed reserve that mitigates volatility in digital assets.

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