Tether Gold finds a home on Nasdaq with Antalpha backing
Antalpha is repurposing a Nasdaq-listed shell into a dedicated treasury for Tether Gold. The $150 million vehicle, named Aurelion, creates a public company whose primary asset is blockchain-verified bullion.
- Antalpha is transforming Prestige Wealth Inc. into Aurelion Inc., which will hold its treasury entirely in Tether Gold.
- The move follows Antalpha’s $20 million pilot Tether Gold acquisition earlier this year. Backed by LBMA-standard gold stored in Switzerland, Tether Gold offers transparency and liquidity that Antalpha says address vulnerabilities in the traditional gold market
According to a press release dated Oct. 10, Antalpha Platform Holding Company has led a $150 million financing round to transform Prestige Wealth Inc. into Aurelion Inc., a Nasdaq-listed entity that will hold its corporate treasury entirely in Tether Gold (XAU₮).
The deal includes a $100 million private placement and a $50 million senior debt facility, with Antalpha investing roughly $43 million and securing a controlling voting position. Aurelion expects to begin trading under its new ticker, AURE, on Oct. 13.
Other participants include Tether’s commodity arm and Kiara Capital, both joining Antalpha’s effort to establish what it calls the first “pure-play Tether Gold treasury” in public markets.
Building on a quiet but conviction-driven Tether Gold play
Aurelion’s launch is the culmination of a strategy Antalpha labels “Reserve 2.0.” The firm initiated this program earlier in the year with a pilot acquisition of $20 million in Tether Gold, followed by the launch of its dedicated real-world asset hub in early October.
The new Nasdaq-listed treasury represents the next step: scaling that experiment into a full institutional framework with governance, liquidity, and reporting standards aligned with public markets.
For Antalpha, the appeal of Tether Gold lies in its specific solution to traditional gold’s operational friction. The asset is 100% backed by physical, LBMA-standard gold bars held in a Swiss vault, with each Tether Gold token representing a specific, redeemable ounce.
The company highlights that this model directly addresses vulnerabilities in the physical gold market by providing what it calls “institutional-grade transparency, verifiability, and liquidity” on a 24/7 basis, a critical feature for a digital asset financing platform managing collateral.
“People and institutions need a safe haven to safeguard against inflation, fiat currency devaluation and crypto volatility. As a leading digital asset financing platform, Antalpha has common interest to fortify our own balance sheet with a significant gold reserve through Tether Gold (XAU₮) to improve collateral resilience,” Antalpha CFO Paul Liang said.
The timing of this launch is equally notable. It arrives amid gold’s strongest rally since the 1970s, with the metal climbing more than 50% year-to-date and surpassing $4,000 per ounce. Analysts have linked this surge to concerns over U.S. fiscal health and a broader flight from fiat exposure, dynamics that reinforce Antalpha’s rationale.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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