Aurelion Raises $150M For First NASDAQ Tether Gold Treasury
- Aurelion secures $150M to establish NASDAQ’s first Tether Gold (XAUT) treasury reserve.
- Firm to rebrand as Aurelion Inc. and begin trading under ticker AURE on October 13, 2025.
- Tokenized gold treasury combines blockchain transparency with physical asset stability.
Aurelion (AURE) announced the completion of a series of coordinated transactions to establish NASDAQ’s first Tether Gold (XAUT) treasury. The company secured an approximate $100 million PIPE financing led by Antalpha Platform Holding Company (ANTA) and other accredited investors, including Tether and Kiara Capital, alongside a three-year $50 million senior debt facility.
The majority of proceeds would fund the acquisition of Tether Gold (XAUT) as Aurelion’s treasury reserve asset. The company would rebrand from Prestige Wealth Inc (PWM) to “Aurelion Inc.”, pending approval, and begin trading under the ticker AURE on October 13, 2025. The financing marks a milestone in integrating tokenized gold into mainstream financial infrastructure.
$100M PIPE and $50M Debt Power Aurelion’s Gold Move
The $100 million PIPE includes both cash and USDT contributions. Investors purchased about 278 million units, each priced at $0.36 per share. Every unit consists of one Class A or Class B ordinary share, or a pre-funded warrant, plus two warrants with exercise prices set at 130% and 150% of the purchase price. Warrants for Class A shares are immediately exercisable.
Antalpha invested around $43 million in the PIPE, with Tether contributing $15 million and Kiara Capital adding $6 million. Combined gross proceeds from the PIPE and debt facility total approximately $290 million, including up to $140 million from warrant exercises. About $280 million of that amount is expected to fund the purchase of Tether Gold (XAUT).
The $50 million senior debt facility carries a six percent annual interest rate, compounded monthly. It is secured by a first-priority lien on $67 million of the company’s Tether Gold, held in a controlled account. The facility matures in 36 months and could be prepaid at any time without penalty.
Aurelion would become the first NASDAQ-listed company to hold tokenized gold as a treasury reserve. The structure offers transparency, yield potential, and daily on-chain verification. The company positions itself as a digital gold treasury, combining physical asset stability with blockchain efficiency.
Aurelion Bets on Tokenized Gold to Drive Digital Yield
The digital gold market, comprising primarily of ETFs, is worth over 200 billion across the globe. However, less than one percent of that is presently encoded in blockchain networks. Aurelion considers tokenized gold as a hedge against inflation, devaluation of currency, and crypto volatility. It intends to plead its unencumbered gold position under Antalpha to earn an annualized yield between 50 to 100 basis points.
Antalpha would take on the entire risk of default relating to lending operations on the collateral. The objective of this model would be to generate yield whilst ensuring that the security of assets is not compromised. Aurelion would offer real-time reporting in a Digital Treasury Dashboard where it would describe its Tether Gold holdings, net asset value, and other treasury metrics.
Related: Tether and Antalpha Launch $200M Gold-Backed Token Project
Leadership transitions accompanied the closing. Björn Schmidtke, co-founder of Penguin Group and a McKinsey alumnus, was appointed Chief Executive Officer. Former CEO Kazuho Komoda resigned from his position and board seat. Zimuyin Jiang transitioned from Chief Financial Officer to Chief Accounting Officer, and Wei Gao moved from CTO to lead the private wealth management business.
Antalpha has gained the right to nominate two directors to Aurelion’s board. A new strategic advisory committee has also been formed to guide treasury policy. Members include Rohan Chauhan, Director of Strategy at Gemini. Legal and financial advisors involved were Cohen & Company Capital Markets, Loeb & Loeb LLP, Reed Smith LLP, Ogier, and Morgan Lewis.
CEO Bjorn Schmidtke described Aurelion as a vehicle for redefining wealth preservation in the digital era. He said Tether Gold represents “the real digital gold,” providing a stable foundation for both crypto and fiat systems. Antalpha CFO Paul Liang extraverted that the union would open up access to tokenized gold so that it could be redeemed in the real world using the Tether Gold ecosystem.
