Aurelion Treasury will become the first Nasdaq company to list a Tether Gold (XAUT) corporate reserve, raising $150 million from Antalpha and Tether to create “digital gold.”
Prestige Wealth Becomes Aurelion Treasury and Launches First Tether Gold Treasury on Nasdaq
Nasdaq-listed Prestige Wealth has announced its rebranding to Aurelion Treasury and the launch of the first Tether Gold (XAUT) corporate treasury on the exchange.
The company has raised $150 million in funding, including:
- $100 million in a PIPE (Private Investment in Public Equity) round from Antalpha Platform Holding Company and TG Commodities S.A. de C.V. (Tether);
- $50 million in a three-year credit line from Antalpha Management.
According to the SEC, most of the funds will be used to purchase Tether Gold tokens as the company’s primary reserve asset.
“We believe in the long-term strength of Bitcoin, but at the same time we need an asset that protects against inflation. Tether Gold is true digital gold,” said Bjorn Schmidtke, CEO of Aurelion.
“Digital gold” that can be exchanged for physical
Aurelion plans to make XAUT available for exchange for physical gold, turning tokenized assets into real tangible assets.
“People will perceive digital assets differently when they can go to a jewelry store and get a gold bar for XAUT,” said Paul Liang, CFO of Antalpha.
Currently, Tether Gold tokens can only be exchanged for physical gold if you own at least 430 XAUT (equivalent to one standard bar), according to official Tether data.
Market Reaction: PWM Shares Soar 19%
News of the Tether Gold Treasury launch sent Prestige Wealth (PWM) shares up 19%, though the company has lost more than 94% of its value since listing, according to Yahoo Finance.
After receiving regulatory approval, the company will change its ticker to AURE starting Monday.
Why this matters
Aurelion Treasury’s move demonstrates how traditional financial institutions are integrating digital assets into their balance sheets using physical collateral such as gold.
It also signals growing institutional interest in tokenized assets that combine the stability of traditional markets with the technological advantages of blockchain.
Related: The Trump-backed company American Bitcoin finished its volatile debut on the Nasdaq with a 16% gain
