香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告 全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 DL HOLDINGS GROUP LIMITED 德林控股集團有限公司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1709） 自願性公告 (1)與ANTALPHA PLATFORM HOLDING COMPANY 之戰略合作協議；及 (2)投資5百萬美元之TETHER GOLD 本公告由德林控股集團有限公司（「本公司」，連同附屬公司統稱為「本集團」） 自願刊發，旨在向本公司股東及潛在投資者通報本集團的最新業務發展情況。 戰略合作協議 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年10月16日，本公司與 Antalpha Platform Holding Company（「Antalpha」）訂立不具約束力的戰略合作 協議（「戰略合作協議」）。訂約雙方均認可結合Antalpha於數字資產領域的機構 級能力與本集團於傳統金融專業及監管基礎方面的深厚經驗，將 ...

Summary of Antalpha Platform Update Conference Call Company and Industry Overview - **Company**: Antalpha Platform Holding Company - **Industry**: Investment in tokenized gold and cryptocurrency markets Key Points and Arguments 1. **Investment in Aurelian**: Antalpha announced a $43 million anchor investment in Prestige Valve Inc., which will be renamed Aurelian, marking its entry into the tokenized gold treasury market [4][10] 2. **Aurelian Treasury**: Aurelian is Nasdaq's first pure play tokenized gold treasury, providing public access to gold RWA (Real World Assets) [4][10] 3. **Financing Details**: Aurelian closed a $150 million financing round, including a $100 million PIPE and a $50 million three-year term loan at 6% APR [4][10] 4. **Market Potential**: The tokenized treasury market is over $200 billion, while the overall crypto market is valued at $3 trillion. Digital gold has reached over $200 billion, with only about 1% trading on-chain [5][10] 5. **Growth of Tokenized Gold**: Antalpha believes that as money moves digital, the demand for tokenized gold will significantly increase, positioning Tether as a key partner in this growth [5][6] 6. **XAUT Ecosystem**: Antalpha has established the Antalpha RWA Hub to enhance access to Tether Gold (XAUT), allowing holders to redeem XAUT for gold in various locations [6][10] 7. **Recent Transactions**: Aurelian purchased $133.34 million in XAUT, which appreciated to $138.5 million, reflecting a 3.3% increase [8][10] 8. **Lending Strategy**: Antalpha plans to offer XAUT-collateralized loans, aiming to diversify its collateral portfolio and enhance resilience against market volatility [9][10] 9. **Long-term Goals**: Antalpha aims to assist Aurelian in growing its treasury to $1 billion initially, with a long-term target of $10 billion [10][10] 10. **Equity Stake**: Antalpha holds approximately 32.4% of Aurelian's equity shares and 73.1% of its voting power, with rights to nominate two board seats [10][10] Additional Important Insights 1. **Balance Sheet Strategy**: Antalpha's strategy involves leveraging Aurelian's growth to enhance its own balance sheet and income statement returns [23][34] 2. **Market Positioning**: Aurelian's public entity status allows for better funding opportunities compared to Antalpha's existing structure, which is more focused on fintech operations [35][34] 3. **Operational Synergy**: Antalpha's involvement with Aurelian allows for operational efficiencies and potential revenue generation from gold holdings [42][34] This summary encapsulates the critical aspects of the conference call, highlighting the strategic initiatives and market positioning of Antalpha and Aurelian in the evolving landscape of tokenized gold and cryptocurrency.

Core Viewpoint - Aurelion Inc. has successfully closed a $150 million financing round, which includes a $100 million private investment in public equity (PIPE) and a $50 million senior debt facility, aimed at establishing NASDAQ's first Tether Gold (XAU) treasury [1][5]. Financing Details - The $100 million PIPE financing attracted approximately 278 million units, with each unit consisting of one ordinary share and two warrants [5]. - The PIPE includes significant investments from Antalpha ($43 million), Tether ($15 million), and Kiara Capital ($6 million) [5]. - Total gross proceeds are expected to reach approximately $290 million, with $280 million allocated for purchasing Tether Gold (XAU) [5]. Treasury Strategy - Aurelion aims to create a publicly listed, fully backed gold digital reserve that can be verified on-chain daily, providing a stable asset in a volatile market [3]. - The company plans to use the majority of the proceeds to acquire Tether Gold (XAU) as its treasury reserve asset [1][9]. - The $50 million senior debt facility will be secured by a first-priority lien on $67 million of Tether Gold (XAU) [6]. Leadership and Management - Björn Schmidtke has been appointed as CEO, bringing extensive experience in bitcoin mining and a vision for integrating Tether Gold into the digital asset ecosystem [2][9]. - Management transitions include the resignation of the previous CEO and changes in other key positions to ensure business continuity [9]. Market Positioning - Aurelion is positioned as a pioneer in the digital gold space, combining the stability of physical gold with blockchain efficiency, targeting a market capitalization of over $200 billion in digital gold assets [10]. - The company plans to launch a Digital Treasury Dashboard to provide updates on Tether Gold (XAU) holdings and treasury metrics [10]. Strategic Partnerships - Aurelion is collaborating with Tether, the largest stablecoin company, to enhance the digital gold ecosystem and increase liquidity for Tether Gold (XAU) [3][4]. - Antalpha's RWA Hub will support Aurelion's treasury strategy by providing liquidity and services for gold-based real-world assets [12].

Core Viewpoint - Prestige Wealth Inc. plans to rename itself Aurelion Inc. and has established itself as the first NASDAQ-listed Tether Gold Treasury, having purchased $134 million in Tether Gold at a price of $4,021.81 per XAU₮ [1][8] Group 1: Company Developments - Aurelion completed a $150 million financing round, which included approximately $100 million in PIPE proceeds and a $50 million senior debt facility [2] - Antalpha led the financing with a $43 million PIPE investment, acquiring controlling voting rights in Aurelion [2] - Aurelion's treasury will solely consist of Tether Gold (XAU₮), aiming to enhance liquidity and collateral resilience [4][8] Group 2: Strategic Initiatives - The Antalpha Reserve 2.0 initiative aims to acquire Tether Gold and increase access to tokenized gold through the Antalpha RWA Hub [3][10] - Aurelion plans to lend its unencumbered Tether Gold to Antalpha as collateral, receiving a technology fee in return, while Antalpha will assume all default risk [4][8] - Antalpha expects new business opportunities to arise from the integration of Tether Gold collateralized loans through its platform [4] Group 3: Market Context - Gold has historically served as a benchmark of value, providing a hedge against macroeconomic volatility and political uncertainty [4] - Tether Gold (XAU₮) represents one troy fine ounce of gold and is available as an ERC-20 token on the Ethereum blockchain, facilitating easy trading [9]

Core Viewpoint - Antalpha has made a significant investment in Prestige Wealth Inc., which is set to be renamed Aurelion Inc., focusing on establishing a treasury backed exclusively by Tether Gold (XAU₮) to enhance resilience and transparency in the digital asset space [1][4][11] Investment Details - Antalpha invested approximately $43 million in Aurelion's $100 million private investment in public equity (PIPE) alongside other accredited investors, including Tether and Kiara Capital [1][7] - Following the investment, Antalpha holds approximately 32.4% of Aurelion's shares and 73.1% of the voting rights, while Kiara Capital holds 8.6% of the shares and 18.9% of the voting rights [7] Strategic Rationale - The investment is part of Antalpha's Reserve 2.0 initiative, which aims to scale its Tether Gold (XAU₮) reserve with institutional infrastructure and governance [4] - Aurelion Treasury is positioned as the first pure-play NASDAQ Tether Gold treasury, providing access to tokenized gold, which is seen as a safe haven against inflation and currency devaluation [3][11] Market Context - Gold has historically served as a benchmark of value and a hedge against macroeconomic volatility, with a negative correlation to the U.S. dollar index during global crises [5] - Tether Gold (XAU₮) is fully backed by physical gold and offers institutional-grade transparency, with approximately 7 tons of gold acquired since its launch in 2020 [6][12] Future Plans - Aurelion plans to continue fundraising to purchase additional Tether Gold (XAU₮), aiming for a concentrated shareholding structure to enhance stability and operational efficiency [7] - Antalpha's collaboration with Tether aims to expand the digital gold ecosystem, making digital assets more tangible for consumers [2]

Core Insights - Prestige Wealth Inc. plans to change its name to Aurelion Inc. after approval and is raising $100 million through a private placement and $50 million in senior debt financing led by Antalpha [1] - The Aurelion Treasury will be fully denominated in Tether Gold (XAUt) to enhance resilience and transparency [1][2] Investment Details - Antalpha is investing approximately $43 million in Aurelion's PIPE financing, acquiring controlling voting rights [1][5] - Other qualified investors include Kiara Capital, contributing $6 million, and Tether, contributing $15 million [5] - Post-transaction, Antalpha will hold about 32.4% of Aurelion's shares, representing 73.1% of voting rights [5] Strategic Rationale - The investment marks a new phase for Antalpha's Reserve 2.0 strategy, focusing on scaling Tether Gold (XAUt) reserves through institutional-grade infrastructure and governance [3] - Gold has historically provided a hedge against macroeconomic volatility and political uncertainty, reinforcing the value of blockchain-based gold [3][4] Tether Gold Overview - Tether Gold (XAUt) is backed by 100% physical gold and has accumulated approximately 7 tons of gold since its launch in 2020, ensuring institutional-level transparency and liquidity [4][10] - Aurelion aims to use Tether Gold as its sole treasury asset to stabilize volatility and enhance collateral resilience [4] Future Plans - Antalpha plans to enhance the liquidity and service offerings of Tether Gold through the Antalpha RWA Hub [2][11] - Aurelion will continue to engage in wealth and asset management services while leveraging the stability of physical gold [9]

Core Viewpoint - Prestige Wealth Inc. plans to be renamed Aurelion Inc. and will focus on Tether Gold (XAU₮) as its sole treasury reserve, aiming to enhance liquidity and stability in the digital asset space [1][11]. Investment and Financial Structure - Antalpha invested approximately $43 million in a $100 million private placement (PIPE) for Aurelion, acquiring controlling voting rights [1][7]. - The investment includes participation from accredited investors such as Tether and Kiara Capital, with Tether contributing $15 million and Kiara Capital $6 million [7]. - Following the transaction, Antalpha holds approximately 32.4% of Aurelion's shares and 73.1% of the voting rights [7]. Strategic Initiatives - Aurelion will anchor its treasury exclusively in Tether Gold (XAU₮), which is 100% physically backed and redeemable for gold stored in Switzerland [6][11]. - The initiative aims to provide a safe haven against inflation, currency devaluation, and crypto volatility, enhancing collateral resilience [3][6]. - Antalpha's Reserve 2.0 strategy builds on previous investments in Tether Gold, aiming to scale reserves with institutional infrastructure and governance [4]. Market Context - Gold has historically served as a benchmark of value and a hedge against macroeconomic volatility, making it a strategic asset in the digital economy [5]. - Tether Gold (XAU₮) has acquired approximately 7 tons of gold since its launch in 2020, ensuring institutional-grade transparency and liquidity [6]. Future Outlook - Aurelion aims to continue fundraising to purchase additional Tether Gold, which is expected to provide stability and smoother operations [7]. - The company will also maintain its wealth management and asset management services alongside its new focus on tokenized gold [11].

Core Insights - KindlyMD, Inc. has announced a strategic partnership with Antalpha to develop innovative financing tools for the Bitcoin market [1] - The collaboration aims to launch an initial treasury financing structure to assist companies managing Bitcoin as a treasury reserve asset [1] Company Overview - KindlyMD operates as a provider of integrated healthcare services and a Bitcoin treasury vehicle through its subsidiary Nakamoto Holdings [1] - Antalpha specializes in financing, technology, and risk management solutions specifically for the digital asset industry, with a focus on Bitcoin mining supply chain financial services [1] Strategic Goals - The partnership represents the first step in a broader effort to enhance financial solutions within the Bitcoin market [1] - Antalpha is extending its expertise beyond mining to support companies in managing Bitcoin as a treasury reserve asset [1]

Core Insights - Antalpha Platform (ANTA.US) is expanding its collaboration with Tether, the issuer of the largest stablecoin USDT, to enhance the global ecosystem of Tether's gold-backed stablecoin (XAUT) [1] - The initiative aims to introduce new financial solutions and services, highlighting the strategic importance of gold in the evolving digital asset economy [1] Company Developments - Antalpha Platform launched its Real World Asset Hub (RWA Hub) earlier this year, focusing on liquidity and RWA services specifically for the XAUT business [1] - XAUT provides a digital means for individuals to access physical gold, with each XAUT backed by one ounce of pure gold from London Good Delivery bars [1] Service Enhancements - Through its collaboration network, Antalpha RWA Hub currently offers custody and purchasing services for XAUT [1] - Notably, it also provides mortgage services based on XAUT, allowing clients to borrow against their collateralized XAUT assets, thereby enhancing liquidity and capital efficiency [1] Future Plans - Antalpha plans to establish a global network of physical gold vaults and collaborate with local partners to facilitate the easy conversion of XAUT into physical gold bars [1]

Core Viewpoint - Antalpha and Tether are expanding their collaboration to enhance the global ecosystem for Tether Gold (XAU₮), emphasizing the strategic importance of gold in the digital asset economy [1][4]. Group 1: Collaboration and Services - Antalpha is launching new financial solutions and services through its partnership with Tether, aimed at increasing the liquidity and product offerings of Tether Gold [1][3]. - The Antalpha RWA Hub will provide collateralized lending services using XAU₮, allowing clients to borrow against their gold-backed tokens [5]. Group 2: Tether Gold (XAU₮) Overview - Tether Gold (XAU₮) is a digital asset backed by physical gold, with each token representing one troy fine ounce of gold, and is tradable on the Ethereum blockchain [2][9]. - The gold backing each XAU₮ token is fully allocated and identifiable, providing holders the option to redeem their tokens for physical gold [2][9]. Group 3: Infrastructure Development - Antalpha plans to establish physical vaults in major financial centers globally to facilitate the exchange of physical gold bars with XAU₮ [6]. - The Antalpha RWA Hub is dedicated to providing liquidity and services specifically for gold as a Real World Asset (RWA) [8].