Prestige Wealth Secures $150M for Tether Gold Treasury Initiative
- Prestige Wealth (PWM) has secured $150 million in financing to launch a digital asset treasury focused on Tether Gold (XAUT).
- The funding includes a $100 million private placement led by Antalpha and $50 million in senior debt.
- Backers include Tether and Kiara Capital.
- The capital will be used to acquire tokenized gold reserves, aiming for a blockchain-native treasury.
- Prestige Wealth will rebrand to Aurelion and trade under the ticker AURE.
- The stock initially increased by 35% pre-market but later lost most of the gains.
- Tether Gold is a stablecoin linked to physical gold, offering a transparent and auditable reserve structure.
- New Aurelion CEO Björn Schmidtke emphasizes the value of digital assets backed by real-world value.
- The firm plans to generate yield by lending unencumbered gold holdings through Antalpha.
- Antalpha gains two board seats and forms a strategic advisory committee including Gemini’s Rohan Chauhan.
