Prestige Wealth Secures $150M Funding to Launch Tether Gold Treasury with AURE Ticker

Prestige Wealth (PWM) has successfully closed a $150 million financing round to establish a digital asset treasury focused on Tether Gold (XAUT), the gold-backed stablecoin from Tether. The funding comprises $100 million from a private placement led by Antalpha (ANTA), a major bitcoin mining financing firm, plus $50 million in senior debt. Tether and Kiara Capital also participated as investors. The capital will primarily be used to acquire tokenized gold reserves, creating a publicly verifiable, blockchain-native treasury. Following regulatory approvals, the company will rebrand as Aurelion and commence trading under the AURE ticker. The stock surged 35% in pre-market trading after the announcement. Tether Gold represents a stablecoin pegged to physical gold with on-chain redemption and traceability. Aurelion will maintain these reserves in a transparent, auditable structure as an alternative to traditional cash or fiat stablecoins. New CEO Björn Schmidtke, co-founder of Paraguayan bitcoin miner Penguin Group, stated this shift emphasizes digital assets backed by real-world value. "In an era of digital money movement and market volatility, tokenized gold provides certainty for individuals and institutions," he commented. "While some call BTC digital gold, I consider Tether Gold - a redeemable gold-backed stablecoin - the true digital gold." The company plans to generate yield by lending unencumbered gold holdings through Antalpha while maintaining a portion as collateral. Post-transaction, Antalpha gained two board seats and established a strategic advisory committee including Gemini's Rohan Chauhan.