NASDAQ’s First Tether Gold Treasury: Prestige Wealth Raises $150M and Rebrands as Aurelion

Asset management firm Prestige Wealth ￰0￱ Friday that it has secured about $150 million in funding to create NASDAQ’s first Tether Gold Treasury, as part of a broader plan to incorporate tokenized gold into its reserve ￰1￱ a press release the firm also announced plans to rebrand as Aurelion ￰2￱ to regulatory approval, with trading under the new ticker “AURE” expected to begin on October 13, ￰3￱ Anchors $150 Million Financing Round The transaction was anchored by Antalpha Platform Holding Company which led a $100 million private placement alongside investors including Tether’s TG Commodities ￰4￱ ￰5￱ Kiara Capital Holding ￰6￱ additional $50 million senior debt facility brings total gross proceeds to approximately $150 ￰7￱ to the announcement, around $280 million of potential proceeds from this and warrant exercises will fund the acquisition of Tether Gold as Aurelion’s treasury reserve asset — creating the first publicly listed, on-chain gold-backed treasury on ￰8￱ Treasury: Redefining Digital Reserve Standards Incoming CEO Björn Schmidtke, formerly chairman and co-founder of Bitcoin mining firm Penguin Group, described Aurelion Treasury as a “new standard” in digital wealth preservation.

“I am bullish on Bitcoin long term, but Tether Gold represents real, redeemable value — the true digital gold,” Schmidtke said. “Aurelion Treasury is a fully backed, verifiable gold reserve, blending blockchain transparency with physical stability.” Antalpha CFO Paul Liang added that the initiative strengthens the growing “digital gold ecosystem.” Through Antalpha’s Real-World Asset (RWA) Hub, the firm plans to expand Tether Gold’s liquidity and real-world redemption options — including the ability for users to redeem gold bars ￰9￱ Vision and Leadership Transition With the rebrand to Aurelion Inc., the company positions itself as the first pure-play NASDAQ-listed Tether Gold Treasury, combining blockchain efficiency with the resilience of physical ￰10￱ said it plans to generate yield from its unencumbered gold holdings by providing collateral through Antalpha’s lending platform, offering annualized returns between 50–100 basis ￰11￱ company also announced key leadership changes: Kazuho Komoda has stepped down as CEO, Zimuyin Jiangbecomes Chief Accounting Officer, and Wei Gao transitions to lead private wealth ￰12￱ will gain two board seats, and a new Strategic Advisory Committee — including Rohan Chauhan, Director of Strategy at Gemini — will guide treasury policy.

Aurelion’s Gold-Backed Future “Tokenized gold offers a stable foundation for digital finance,” Schmidtke said. “In volatile markets, real assets on-chain give investors certainty and confidence.” With this move, Aurelion becomes the first NASDAQ-listed firm to hold tokenized gold as a core reserve asset, blending the security of physical commodities with the speed and transparency of digital ￰13￱ Shares Jump 14% Shares of Prestige Wealth ￰14￱ sharply on Friday, climbing 14.4% to $1.19 as of 11:04 a. m. EDT, following the company’s announcement that it had secured $150 million in financing to launch NASDAQ’s first Tether Gold ￰15￱ stock opened at $1.40, reaching an intraday high of $1.46 before paring ￰16￱ a market capitalization of $57.4 million, the surge reflects renewed investor interest in the firm’s shift toward tokenized gold-backed assets and its planned rebrand to Aurelion Inc.

(NASDAQ: AURE). The stock has traded between a 52-week low of $0.31 and a high of $2.70, highlighting heightened volatility as investors react to the company’s strategic pivot into blockchain-integrated asset management.