Prestige Wealth, a NASDAQ-listed wealth management and asset management firm, has announced the completion of a $150m financing round to establish NASDAQ’s first Tether Gold treasury.
The firm, which plans to rebrand as Aurelion, will begin trading under its new ticker from 13 October 2025.
The funding comprises a $100m private investment in public equity (PIPE) anchored by Antalpha Platform Holding Company, along with contributions from TG Commodities S.A. de C.V. (Tether) and Kiara Capital Holding Limited. The financing also includes a $50m senior debt facility with a three-year term.
Aurelion, which will serve as NASDAQ’s first Tether Gold treasury, merges the stability of physical gold with blockchain efficiency. The company seeks to redefine how digital wealth is managed, offering investors a secure and transparent tokenised gold reserve that can be verified on-chain daily.
According to Aurelion, the digital gold market—largely represented by ETFs—has an estimated value of over $200bn, but only 1% currently exists on the blockchain.
Aurelion CEO Björn Schmidtke said, “I am bullish on bitcoin in the long term, and I believe we need a stablecoin that can fight inflation and has the stability to be used for paying daily necessities like electricity bills. Some people describe Bitcoin as digital gold; I see Tether Gold (XAU₮), a redeemable stablecoin backed by gold, as the real digital gold.”
“With Aurelion Treasury, we are setting a new standard: a publicly listed, fully backed gold digital reserve that can be verified on-chain every day. In a world where money is moving digitally and market volatility remains real, having a foundation of real value in tokenized gold gives people and institutions certainty. This isn’t about yield or finance: it’s about redefining how real wealth is held, moved, and preserved in the digital era.”
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