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HONG KONG - Aurelion Inc. (NASDAQ:AURE), formerly known as Prestige Wealth Inc., announced Tuesday it has secured $150 million in financing to establish what it calls "NASDAQ’s first Tether Gold (XAUt) treasury."
The financing package includes a $100 million private investment in public equity (PIPE) and a $50 million three-year senior debt facility. Antalpha Platform Holding Company (NASDAQ:ANTA) led the investment with approximately $43 million, alongside other investors including Tether Investments ($15 million) and Kiara Capital ($6 million). Antalpha, currently valued at $281 million market cap, has seen its stock decline 27.5% over the past six months, trading at $11.87 with a P/E ratio of 49.3.
According to the company’s statement, the majority of proceeds will fund the acquisition of Tether Gold as a treasury reserve asset. The company began trading under its new ticker symbol (NASDAQ:AURE) on Monday.
As part of the transaction, Björn Schmidtke, chairman and co-founder of Bitcoin mining company Penguin Group, has been appointed CEO of Aurelion. Former CEO Kazuho Komoda has resigned from both his executive role and board position.
The $100 million PIPE financing involved the issuance of approximately 278 million units priced at $0.36 per share, with each unit including one ordinary share and two warrants. The senior debt facility carries a 6% annual interest rate and is secured by $67 million of the company’s Tether Gold holdings.
Aurelion plans to launch a Digital Treasury Dashboard to provide updates on its holdings and metrics, according to the press release.
The company stated it will continue its wealth and asset management services while developing its gold treasury business, which it describes as combining "physical gold security with blockchain efficiency." According to InvestingPro, Antalpha’s overall financial health score is currently rated as WEAK, with detailed analysis and additional insights available in the comprehensive Pro Research Report, one of 1,400+ company deep-dives available to subscribers.
Cohen & Company Capital Markets served as exclusive advisor to Antalpha and placement agent to the company for the transaction.
In other recent news, Prestige Wealth Inc. announced its acquisition of $134 million in Tether Gold tokens, marking what it describes as NASDAQ’s first Tether Gold Treasury. The company plans to rename itself Aurelion Inc., pending customary approvals. Additionally, Antalpha Platform Holding Ltd has made a significant $43 million investment in Prestige Wealth, acquiring a 32.4% stake and approximately 73.1% of the voting rights. This investment is part of a broader $100 million private investment in public equity, which also includes participation from Tether and Kiara Capital. Prestige Wealth has secured a total of $150 million in financing to support its Tether Gold treasury, with $100 million coming from the private equity investment and an additional $50 million from a senior debt facility. The financing package is anchored by Antalpha and includes contributions from TG Commodities and Kiara Capital. The company will officially trade under the new name and ticker, Aurelion Inc. (NASDAQ: AURE), starting October 13, 2025.
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