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]
Correction -- Antalpha Anchors $150 Million Financing in Aurelion Treasury; Initiating NASDAQ’s First Tether Gold Treasury