Prestige Wealth to rename as Aurelion following $134 million gold token purchase

HONG KONG - Prestige Wealth Inc. (NASDAQ:AURE) announced Tuesday it has purchased $134 million in Tether Gold (XAU₮) tokens at an average price of $4,021.81 per token, positioning itself as what it calls "NASDAQ’s first Tether Gold Treasury."According to InvestingPro data, this purchase represents nearly half the market capitalization of Antalpha (NASDAQ:ANTA), which stands at $281.05 million. Discover more exclusive insights and financial metrics with InvestingPro’s comprehensive research tools.

The company, which began trading under the ticker AURE on Monday after previously trading as PWM, plans to rename itself to "Aurelion Inc." pending customary approvals.

The purchase follows the company’s October 10 announcement that it closed a $150 million financing round, including approximately $100 million in PIPE proceeds and a $50 million three-year senior debt facility. Antalpha Platform Holding Company (NASDAQ:ANTA), which boasts a remarkable 90.9% gross profit margin and is expected to see net income growth this year according to InvestingPro, invested $43 million in the PIPE and acquired a controlling voting interest in the company.

Björn Schmidtke, CEO of the company, called the purchase "a defining milestone" for the adoption of tokenized gold, stating the treasury demonstrates how "trusted, time-tested assets can now exist transparently on-chain."

According to the company, it plans to lend its unencumbered Tether Gold to Antalpha as collateral and receive a technology fee in return, with Antalpha assuming all default risk from funding derived from lending the borrowed collateral to its end customers.

Tether Gold tokens represent physical gold, with one full XAU₮ token representing one troy fine ounce of gold on a London Good Delivery bar. The tokens are available as ERC-20 tokens on the Ethereum blockchain.

The company said it will continue its wealth management and asset management services alongside its new gold token treasury operations.

The information in this article is based on a company press release statement.

In other recent news, Antalpha Platform Holding Ltd announced a significant $43 million investment in Prestige Wealth Inc., acquiring a 32.4% stake and 73.1% of voting rights. This investment is part of a larger $100 million private investment in public equity (PIPE) initiative, which includes contributions from Tether and Kiara Capital. Prestige Wealth is set to rebrand as Aurelion Inc. and will trade under a new ticker, NASDAQ:AURE, starting October 13, 2025, pending regulatory approvals. The company has also secured $150 million in financing, which includes the $100 million PIPE led by Antalpha and a $50 million senior debt facility. In another development, KindlyMD has partnered with Antalpha to explore financing structures for Bitcoin treasury management. This collaboration involves a non-binding letter of intent for $250 million in secured convertible notes to Antalpha, aimed at expanding Bitcoin holdings and replacing existing credit arrangements. These moves highlight Antalpha’s strategic focus on digital asset financing and its growing influence in the financial technology sector.

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