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HONG KONG - Prestige Wealth Inc. (NASDAQ:PWM) announced Friday it has secured $150 million in financing to establish what it calls "NASDAQ’s first Tether Gold (XAUt) treasury." The company will be renamed Aurelion Inc. and begin trading under the ticker NASDAQ: AURE starting Monday, October 13. The financing is led by Antalpha Platform Holding Company (NASDAQ:ANTA), which according to InvestingPro data, has a market capitalization of $294.07 million and is expected to see significant net income growth this year.
The financing package includes a $100 million private investment in public equity (PIPE) led by anchor investor Antalpha Platform Holding Company (NASDAQ:ANTA), with participation from TG Commodities S.A. de C.V. (Tether) and Kiara Capital Holding Limited. Additionally, the company secured a three-year $50 million senior debt facility.
According to the company, the majority of proceeds will fund the acquisition of Tether Gold (XAUt) as its treasury reserve asset. Antalpha contributed approximately $43 million to the PIPE, while Tether invested $15 million and Kiara Capital added $6 million. InvestingPro analysis shows Antalpha maintains a strong gross profit margin of 90.9% and analysts have issued a Strong Buy consensus, with revenue growth forecast at 63% for the fiscal year. For deeper insights into Antalpha’s financials and more exclusive ProTips, investors can access the comprehensive Pro Research Report available on InvestingPro.
As part of the transaction, Björn Schmidtke, Chairman and co-founder of Bitcoin mining company Penguin Group, will serve as CEO of Aurelion. The company also announced several management transitions, including Kazuho Komoda’s resignation as CEO and board member.
The $50 million debt facility will be secured by $67 million of the company’s Tether Gold holdings with a 6% annual interest rate, compounded monthly.
"With Aurelion Treasury, we are setting a new standard: a publicly listed, fully backed gold digital reserve that can be verified on-chain every day," said Schmidtke in the press release statement.
Paul Liang, CFO of Antalpha, stated the company aims to "increase access to tokenized gold, which has strategic importance in the digital asset world" and provide "a safe haven to safeguard against inflation, currency devaluation and crypto volatility."
The company plans to launch a Digital Treasury Dashboard to provide updates on its Tether Gold holdings and treasury metrics.
Cohen & Company Capital Markets served as exclusive advisor to Antalpha and placement agent to the company.
In other recent news, Antalpha Platform Holding Ltd reported a significant 49% year-over-year increase in its second-quarter revenues for 2025, reaching $17 million. The company’s earnings per share stood at $3.27. Antalpha has also expanded its collaboration with Tether to enhance services related to Tether Gold, a digital token backed by physical gold. Additionally, Prestige Wealth Inc. announced its plans to rebrand as Aurelion Inc., securing $150 million in funding through a private investment in public equity and a senior debt facility. Antalpha led this investment with a $43 million contribution, gaining substantial ownership and voting rights. Furthermore, KindlyMD, Inc. partnered with Antalpha to develop financing structures for Bitcoin treasury management, with plans to issue $250 million in secured convertible notes. These developments highlight ongoing strategic initiatives and financial growth efforts by the involved companies.
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