Antalpha leads $150 million Aurelion financing to establish Tether Gold treasury
Institutional digital asset financing platform Antalpha has invested approximately $43 million as the lead investor in Prestige Wealth, to be renamed Aurelion, as part of a $100 million private placement and $50 million senior debt facility to establish Aurelion Treasury — the first Nasdaq-listed corporate treasury composed entirely of Tether Gold (XAUT).Tether Gold represents one troy ounce of gold per XAUT token, fully redeemable for LBMA-standard bars stored in Switzerland. Since launching in 2020, the asset has accumulated approximately seven tons of physical gold backing.The transaction positions Antalpha as the controlling shareholder with 32.4% of Aurelion's equity and 73.1% of its voting rights. Accredited investors, including Tether's XAUT issuing entity TG Commodities and Kiara Capital, also participated in the round, investing $15 million and $6 million, respectively. "We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem," Antalpha CFO Paul Liang said in a statement on Friday. "Digital assets will be more tangible to many when one can walk into a jewelry store and redeem a gold bar with XAUT. Through Antalpha RWA Hub, we hope to deliver new capabilities and services like this that will increase the liquidity and product offerings of Tether Gold."Gold's strongest annual rally since the 1970sGold is currently witnessing its strongest annual rally since the late 1970s, recently breaking fresh all-time highs above $4,000 per ounce — up more than 50% year-to-date — as its side of the so-called "debasement trade" gains traction.XAU/USD price chart. Image: ."People and institutions need a safe haven to safeguard against inflation, fiat currency devaluation and crypto volatility," Liang added. "As a leading digital asset financing platform, Antalpha has common interest to fortify our own balance sheet with a significant gold reserve through XAUT to improve collateral resilience."The $43 million investment follows Antalpha’s earlier $20 million pilot Tether Gold acquisition earlier this year and its recent collaboration with Tether to launch Antalpha RWA Hub. The new structure aims to increase institutional access to tokenized gold with enhanced transparency and governance.Subject to approvals, the company is expected to be renamed and begin trading under the new ticker AURE on Monday.Last week, Bloomberg reported that Tether and Antalpha were seeking to raise at least $200 million for a tokenized gold digital asset treasury, designed to accumulate XAUT tokens. In July, Tether said there were nearly 250,000 XAUT in circulation backed by the equivalent of more than 7.66 tons of gold, as of the second quarter. Tether acquired an 8.1% stake in Antalpha when the company went public via an initial public offering in May.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.