Aurelion Inc. Launches as a Tether Gold Treasury on Nasdaq
Antalpha is turning Prestige Wealth Inc. into Aurelion Inc., a new Nasdaq-listed company. Aurelion will store all its money in tether Gold. This blockchain-based gold aims to bring more transparency and liquidity to the gold market.
Antalpha led a $150 million funding round for this project. The deal includes $100 million in private placement and $50 million in senior debt. Antalpha invested about $43 million and will control the voting rights. Aurelion will start trading under the ticker AURE on October 13.
Other investors include Tether’s commodity arm and Kiara Capital. They are helping Antalpha create the first public “pure-play Tether Gold treasury.”
This move is part of Antalpha’s “Reserve 2.0” strategy. Earlier this year, antalpha bought $20 million in Tether Gold as a test. Now, they are scaling up this experiment into a full institutional framework.
Tether Gold is backed by real gold bars stored in Switzerland. Each token represents one ounce of gold.This setup provides transparency and liquidity, solving issues in the conventional gold market.
Antalpha CFO Paul Liang said, “People need a safe place to protect against inflation and crypto volatility. Tether Gold helps us strengthen our balance sheet.”
The launch comes as gold prices soar. Analysts link this rise to concerns about U.S. fiscal health and a shift away from traditional currencies. This trend supports Antalpha’s decision.
