Prestige Wealth Completes a $134 Million Acquisition of Tether Gold
Prestige Wealth Inc. Secures $134 Million in Tether Gold Acquisition
In a groundbreaking move in the evolving world of digital assets, Prestige Wealth Inc., soon to be renamed Aurelion, has officially finalized the purchase of a remarkable $134 million worth of Tether Gold (XAU₮). This acquisition, executed at an average price of $4,021.81 per token, positions Aurelion as NASDAQ's inaugural Tether Gold Treasury. Trading under the symbol AURE since October 13, 2025, Aurelion signifies a transformative milestone for both the company and the broader adoption of gold in its digital form.
A New Era for Digital Assets
Aurelion's CEO, Björn Schmidtke, expressed that this acquisition not only marks a pivotal moment for the company but also showcases a burgeoning trend in the financial landscape where traditional assets like gold can be merged with blockchain technology. He emphasized the necessity for transparent and disciplined asset management to build trust among savers, builders, and institutions in an increasingly digital financial environment.
"With the establishment of the first NASDAQ Tether Gold Treasury, we are effectively merging the reliability of physical gold with the innovative efficiency of blockchain technology," stated Schmidtke. "This structure fosters daily verification on-chain, ensuring regulatory compliance and opening up avenues for yield generation. We believe our partnership with Antalpha, a premier digital asset lending platform, positions Aurelion to bridge traditional finance with the blockchain economy, paving the way for a new phase in the tokenization of gold."
Financial Backing and Future Plans
The company previously announced a financing round totaling approximately $150 million, which includes about $100 million from PIPE proceeds and a three-year senior debt facility valued at $50 million. Notably, Antalpha invested $43 million into this PIPE, securing a controlling interest in Aurelion. As a steadfast strategic partner, Antalpha will play a critical role in facilitating the management of Aurelion's Tether Gold assets, while Aurelion continues its wealth management services.
Understanding Tether Gold (XAU₮)
For those unfamiliar, Tether Gold (XAU₮) represents a digital asset issued by TG Commodities, where each token corresponds to a troy fine ounce of gold stored on a London Good Delivery bar. This ERC-20 token operates on the Ethereum blockchain, boasting 24/7 availability for trading and transfer. Each allocated gold bar is uniquely identifiable, ensuring transparency in its storage and redeemability.
The advent of Tether Gold signifies not just a technological advancement but a potential shift in how investors view and interact with gold, offering a digital outlet that maintains the asset's intrinsic value.
Looking Forward
As Aurelion moves forward, the company is committed to responsible management of its assets, believing that the integration of trusted, time-tested assets with modern financial technology is the pathway forward in an unpredictable economic landscape. The operational synergy between traditional assets and innovative financial solutions is expected to attract a new audience seeking safe havens amid inflationary pressures and market volatility.
In wrapping up, the acquisition of Tether Gold represents a significant stride for Aurelion and the tokenization of gold, establishing the groundwork for ongoing growth and innovation within the realm of digital assets.