Prestige Wealth completes $134 million Tether Gold purchase

Prestige Wealth Inc. (NASDAQ: AURE) announced it purchased $134 million in Tether Gold (XAU₮) at an average price of $4,021.81 per token. The company began trading under the symbol AURE on October 13, 2025, previously trading as PWM.

The company plans to rename itself to Aurelion Inc., subject to customary approvals. Prestige Wealth describes itself as NASDAQ's first Tether Gold treasury company.

On October 10, 2025, the company closed a financing round of approximately $150 million, including $100 million in PIPE proceeds and a $50 million three-year senior debt facility. Antalpha Platform Holding Company (NASDAQ: ANTA) invested $43 million in the PIPE and acquired a controlling voting interest in Prestige Wealth.

"This marks a defining milestone for Aurelion and for the broader adoption of tokenized gold," said Björn Schmidtke, CEO of the company, according to the press release.

Tether Gold is a digital asset where one full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar. The token operates as an ERC-20 token on the Ethereum blockchain and can be traded 24/7.

Under the planned structure, Prestige Wealth intends to lend its Tether Gold to Antalpha as collateral and receive a technology fee. Antalpha will assume default risk from funding derived from lending the borrowed collateral to customers. The company will continue its wealth management and asset management services.

The information is based on a company press release statement.

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