Gold Goes Digital: AURE's $150M Treasury Merges Bullion and Blockchain

The Nasdaq-listed company Aurelion Inc. (AURE) has emerged as the first gold-backed crypto treasury, following a $150 million funding round led by Antalpha Platform Holding Company. The rebranded entity, formerly Prestige Wealth Inc. (PWM), will trade under the ticker AURE starting October 13, 2025, after securing a $100 million private placement and a $50 million senior debt facility. Antalpha, the lead investor, contributed $43 million, acquiring a 32.4% equity stake and 73.1% voting rights, while Tether and Kiara Capital added $15 million and $6 million, respectively Antalpha Anchors $150 Million Financing in Aurelion Treasury, Initiating Nasdaq’s First Tether Gold Treasury^[1]. The proceeds will be allocated to acquire Tether Gold (XAUT), a gold-backed token issued by Tether, with each XAUT representing one troy ounce of gold stored in Swiss vaults Aurelion Treasury Launches Nasdaq's First Tether Gold-Backed Reserve^[2].

Aurelion's treasury model combines institutional-grade transparency with blockchain technology, holding Tether Gold reserves in a structure that splits assets between collateral and yield-generating lending via Antalpha. This approach aligns with growing demand for real-world asset (RWA) tokenization, offering a hedge against inflation, fiat devaluation, and crypto volatility. Antalpha's CFO, Paul Liang, emphasized the initiative's role in bridging traditional gold and digital assets, enabling users to redeem tokens for physical gold bars through Antalpha's RWA Hub Tether-Backed Aurelion Launches as First NASDAQ-Listed Tether Gold (XAUT) Treasury^[3]. The firm's Reserve 2.0 strategy builds on a prior $20 million Tether Gold acquisition, expanding its gold reserves under a structured governance framework Tokenized Gold Explained: PAXG, XAUT, and the 2025 Surge^[4].

Tether Gold's market capitalization has surged to $1.46 billion, supported by 966 gold bars totaling 11,693 kilograms. This growth mirrors gold's record highs, driven by macroeconomic uncertainties and a 46% year-to-date price increase. Aurelion's treasury aims to enhance XAUT liquidity and accessibility, with plans to expand physical vaults in financial hubs to facilitate token-to-gold redemptions. The initiative also diversifies Tether's portfolio beyond its USDT stablecoin, positioning it as a multi-asset digital finance leader Tether Gold (XAUt) vs Physical Gold vs Gold ETFs: Best Investment Choice in 2025^[5].

The transaction includes strategic governance changes, with Antalpha securing two board seats and a strategic advisory committee featuring Gemini's Rohan Chauhan. Aurelion's new CEO, Björn Schmidtke, highlighted the treasury's role in establishing a "new standard" for digital wealth, leveraging Tether Gold's redeemable, verifiable structure Aurelion Treasury Unveils Nasdaq’s First Tether Gold Reserve^[6]. The company's Digital Treasury Dashboard will provide real-time visibility into its gold holdings and blockchain verification metrics, enhancing investor confidence.

Market analysts note the significance of Nasdaq's first gold-backed treasury in a landscape where over 80 digital asset treasury companies launched in 2025. Aurelion's model differentiates itself through institutional-grade collateral resilience and on-chain transparency, competing with gold ETFs and other tokenized assets like Paxos Gold (PAXG). While Tether Gold offers 24/7 trading and fractional ownership, it operates under El Salvador's regulatory framework, contrasting with PAXG's U.S.-based oversight Gold ETF or Digital Gold? What Investors Need To Know^[7].

The initiative reflects broader trends in tokenized commodities, with gold's historical role as a store of value gaining new relevance through blockchain. Antalpha and Tether's collaboration underscores the convergence of traditional finance and digital innovation, with potential implications for institutional adoption and regulatory frameworks. As global central banks and investors seek stable assets amid economic volatility, Aurelion's treasury may catalyze further growth in the $200 billion digital gold market Tether Gold Nears $1.5 Billion After Tokenized Treasury Move^[8].