Daniel Walker
Institutional digital asset firm Antalpha has invested $43 million as the lead backer in Prestige Wealth, which will soon rebrand as Aurelion, according to an official announcement. The financing includes a $100 million private placement and an additional $50 million senior debt facility to establish Aurelion Treasury — the first-ever Nasdaq-listed corporate treasury fully backed by Tether Gold (XAUT).
Each Tether Gold (XAUT) token represents one troy ounce of physical gold, redeemable for LBMA-standard bars stored securely in Switzerland. Since its debut in 2020, Tether Gold has amassed roughly seven tons of gold reserves, reinforcing its credibility as a digital representation of tangible assets.
Through this deal, Antalpha becomes the controlling shareholder, holding 32.4% of Aurelion’s equity and 73.1% of total voting power. Other key participants include TG Commodities — Tether’s XAUT issuer — and Kiara Capital, contributing $15 million and $6 million, respectively.
Antalpha Strengthens Partnership With Tether
“We’re thrilled to work alongside Tether, the world’s largest stablecoin provider, to strengthen the digital gold ecosystem,” said Paul Liang, Antalpha’s CFO. “When individuals can physically redeem XAUT for real gold bars, digital assets will feel far more tangible. Through Antalpha RWA Hub, we aim to expand liquidity and product offerings for Tether Gold while bridging traditional and digital finance.”
Gold’s Biggest Annual Rally Since the 1970s
Gold prices have experienced their strongest annual performance in over five decades, recently reaching new all-time highs above $4,000 per ounce — a 50% surge year-to-date. Analysts attribute the rally to growing concerns over currency devaluation, inflation, and market volatility, all of which are driving investors toward safe-haven assets.
“In times of economic uncertainty, gold remains one of the most trusted hedges,” Liang added. “At Antalpha, we are reinforcing our balance sheet with significant XAUT reserves to enhance collateral strength and long-term financial stability.”
Expanding Institutional Access to Tokenized Gold
This $43 million commitment follows Antalpha’s earlier $20 million pilot investment in Tether Gold and its ongoing collaboration with Tether on the Antalpha RWA Hub. The initiative seeks to improve institutional access, transparency, and governance in the tokenized gold market.
Pending final approvals, Aurelion is expected to begin trading under its new ticker AURE on Nasdaq next week.
Tether and Antalpha’s Broader Gold Strategy
According to Bloomberg, both companies are jointly seeking to raise at least $200 million for a dedicated tokenized gold treasury, focused on accumulating XAUT reserves. As of the second quarter, Tether reported 250,000 XAUT tokens in circulation, backed by 7.66 tons of physical gold.
Notably, Tether also owns an 8.1% stake in Antalpha, acquired during the company’s IPO in May, further deepening the strategic alignment between the two digital asset powerhouses.
