Aurelion Mints Digital Gold Standard Backed by Swiss Vaults

Aurelion Treasury, a Nasdaq-listed entity formerly known as Prestige Wealth, has secured $150 million in financing to launch what it calls "Nasdaq's first Tether Gold (XAU₮)-backed corporate treasury." The funding includes a $100 million private investment in public equity (PIPE) led by Antalpha Platform Holding Company (NASDAQ: ANTA), along with a $50 million senior debt facility. Antalpha, a leading institutional digital asset financing platform, contributed $43 million to the PIPE, while Tether and Kiara Capital invested $15 million and $6 million, respectively. The majority of proceeds will be allocated to acquiring Tether Gold tokens as the company's primary reserve asset.

The rebranding to Aurelion Inc. is subject to regulatory approvals, with the company expected to trade under the new ticker symbol AURE on Nasdaq starting October 13, 2025. The move positions Aurelion as the first publicly listed entity to hold Tether Gold as its sole treasury reserve, a digital asset fully backed by physical gold stored in Switzerland. Each XAU₮ token represents one troy ounce of gold, with Tether Gold redeemable for LBMA-standard bullion. Currently, 430 XAU₮ tokens are required to redeem a single gold bar.

Antalpha's strategic rationale centers on leveraging Tether Gold's institutional-grade transparency and liquidity to enhance collateral resilience. "Digital assets will be more tangible when one can redeem a gold bar at a jewelry store," said Paul Liang, Antalpha's CFO. The initiative aligns with Antalpha's "Reserve 2.0" strategy, expanding its gold reserves through blockchain infrastructure. Since its 2020 launch, Tether Gold has accumulated approximately 7 tons of physical gold backing.

Aurelion's leadership emphasized the stability of tokenized gold as a hedge against inflation and crypto volatility. CEO Björn Schmidtke, a former Bitcoin miner, described Tether Gold as "the real digital gold," contrasting it with Bitcoin's price fluctuations. The company plans to launch a Digital Treasury Dashboard to provide real-time updates on XAU₮ holdings and treasury metrics.

Market reaction to the announcement was mixed. While Aurelion's stock (PWM) surged 19% on the day of the announcement, its price remains over 94% below its initial public offering level. Analysts noted the financing structure's reliance on PIPE dilution and senior debt secured by $67 million of Tether Gold holdings. The debt facility carries a 6% annual interest rate, compounded monthly, with a three-year maturity.

The transaction highlights growing institutional interest in asset-backed stablecoins. Antalpha's prior $20 million Tether Gold acquisition earlier in 2025 and its recent collaboration with Tether to launch the Antalpha RWA Hub underscore this trend. By bridging tokenized gold with physical redemption, the initiative aims to attract both retail and institutional investors seeking diversified reserves.