Aurelion Treasury Launches Nasdaq’s First Tether Gold-Backed Reserve After $150M Raise

Nasdaq-listed Prestige Wealth has rebranded to Aurelion Treasury, marking the launch of the first-ever Tether Gold (XAUT)-backed corporate treasury on the Nasdaq. The move reflects a growing wave of Wall Street firms embracing tokenized reserves and digital asset-backed finance.

• Prestige Wealth rebrands to Aurelion Treasury.
• Launches Nasdaq’s first Tether Gold-backed corporate treasury.
• Secures $150M in total funding — $100M PIPE + $50M debt facility.
• Tether (TG Commodities) and Antalpha Platform Holding Company among key investors.
• Treasury will hold Tether Gold (XAUT) as its primary reserve asset.
• Aims to make XAUT redeemable for physical gold over time.
• Prestige Wealth’s stock surged 19% after the announcement.

In a groundbreaking move for Wall Street’s digital asset adoption, Prestige Wealth, a Nasdaq-listed asset management firm, announced its rebrand to Aurelion Treasury and the launch of the first Tether Gold-backed corporate treasury on the exchange.

The initiative is being financed through a $100 million Private Investment in Public Equity (PIPE) round led by Antalpha Platform Holding Company, alongside Tether (TG Commodities S.A. de C.V.) and other accredited investors. The company also secured an additional $50 million senior debt facility from Antalpha Management, bringing total funding to $150 million, according to its recent SEC filing.

Aurelion said most of the proceeds will be allocated toward purchasing Tether Gold (XAUT) tokens, which will serve as the firm’s primary reserve asset. CEO Björn Schmidtke said the shift reflects a belief in tokenized commodities as a hedge against inflation and a bridge between traditional and digital assets.

“I am bullish on Bitcoin long-term, but I also believe we need a stable digital asset that holds real-world value — something that can even pay your electricity bills,” Schmidtke said. “Tether’s XAUT is the real digital gold.”

Aurelion’s treasury model aims to make XAUT redeemable for physical gold, expanding the concept of tokenized real-world assets (RWAs). According to Antalpha CFO Paul Liang, the goal is to make digital gold more tangible for everyday users:

“Digital assets will become truly real when you can walk into a jewelry store and redeem a gold bar with Tether Gold.”

Currently, Tether Gold tokens are redeemable for physical gold, but only in full-bar increments — holders need at least 430 XAUT to exchange for one gold bar, as noted on gold.tether.to.

The move strengthens Tether’s position in the tokenized asset market, where gold-backed tokens are gaining traction as stable, inflation-resistant alternatives to fiat-backed stablecoins.

The announcement also gave a short-term boost to Prestige Wealth’s (PWM) stock, which surged 19% on Friday following the news. However, the company’s stock remains down more than 94% since its Nasdaq debut. Subject to regulatory approval, Aurelion is expected to begin trading under its new ticker AURE starting Monday.

Final Thought

Aurelion Treasury’s Tether Gold-backed reserve marks a new milestone in the integration of real-world assets with publicly traded finance. As institutions explore gold-backed and tokenized reserves, the line between traditional corporate treasuries and digital asset infrastructure continues to blur — signaling a future where stable, redeemable tokens could redefine how corporations store and deploy value.