Aurelion Inc. has launched on Nasdaq with a $150 million war chest to create the first publicly listed treasury built entirely on tokenized gold, specifically Tether Gold (XAUT).
Key Takeaways
- Prestige Wealth rebrands to Aurelion after raising $150 million to focus exclusively on Tether Gold (XAUT) reserves.
- Antalpha leads the $100 million private placement, gaining majority voting rights and two board seats.
- Aurelion will hold tokenized gold in a blockchain-native, transparent, auditable structure.
- The move follows a broader shift toward real-world asset backing and gold’s strong 2025 rally.
What Happened?
Prestige Wealth Inc. has officially rebranded as Aurelion Inc. and began trading on the Nasdaq under the ticker AURE on October 13, 2025. This follows a $150 million funding round designed to transform the company into a blockchain-native treasury vehicle fully backed by Tether Gold (XAUT).
Antalpha, a digital asset finance firm, led the $100 million private placement and now holds 32.4 percent equity and 73.1 percent voting rights. Tether and Kiara Capital also joined the round, contributing $15 million and $6 million respectively.
NEW: $XAUt | Prestige Wealth (Nasdaq: $PRW) raises $150 million to become treasury company primarily focused on Tether Gold reserves. pic.twitter.com/zLCdXoCczy
— crypto.news (@cryptodotnews) October 10, 2025
The Rise of Aurelion and Tokenized Gold
The deal establishes Aurelion as the first public company to hold its treasury entirely in tokenized gold, representing a significant shift in how corporate treasuries might be managed in the digital era.
- $150 million total financing includes $100 million in equity and $50 million in senior debt.
- Most of the funds will go toward purchasing Tether Gold reserves.
- Tether Gold (XAUT) is backed 1:1 by LBMA-standard physical gold stored in Swiss vaults.
- Tokens are redeemable, traceable on-chain, and can be traded 24/7.
This blockchain-based treasury structure offers institutional-grade transparency and aims to address issues like fiat currency devaluation, inflation, and the operational inefficiencies of traditional gold markets.
Antalpha’s Vision: Reserve 2.0
Aurelion’s launch is part of Antalpha’s broader “Reserve 2.0” strategy, which started earlier this year with a $20 million pilot purchase of Tether Gold. The company followed that with the creation of a dedicated real-world asset (RWA) hub, signaling a long-term commitment to asset-backed tokenization.
Antalpha CFO Paul Liang explained the rationale:
This latest move also coincides with a major rally in gold, which has climbed over 50 percent year-to-date, surpassing $4,000 per ounce. Analysts point to growing concerns over U.S. fiscal policy and weakening fiat trust as key drivers.
Aurelion’s Structure and Goals
Aurelion plans to maintain a dual reserve strategy, keeping part of its Tether Gold locked as collateral and lending the rest via Antalpha to generate modest yield. The treasury will be auditable and transparent, aligning with public market governance expectations.
Key leadership changes include:
- Appointment of Björn Schmidtke as CEO, previously co-founder of Penguin Group.
- Two board seats awarded to Antalpha.
- Formation of a strategic advisory committee featuring Gemini’s Rohan Chauhan.
In Schmidtke’s words, “Some people describe BTC as digital gold. I see Tether Gold, a redeemable stablecoin backed by gold, as the real digital gold.”
CoinLaw’s Takeaway
In my experience watching the evolution of digital assets, this is a major milestone. What Aurelion is doing is not just about listing a company on Nasdaq. It’s about proving that tokenized real-world assets like gold can serve as the foundation of transparent, verifiable treasuries. I found their timing brilliant too. Launching while gold is rallying and fiat confidence is shaking makes this a power move. If successful, Aurelion could lead a wave of similar asset-backed financial products going public.
