Globenewswire·2025-10-10 12:00Core 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].