Aurelion Treasury has been introduced as Nasdaq’s first corporate treasury backed by Tether Gold. This initiative comes through a significant financing effort totaling $150 million.

In collaboration with various accredited investors, including Antalpha Platform Holding Company and TG Commodities S.A. de C.V. (Tether), Aurelion secured a total of $100 million from a Private Investment in Public Equity (PIPE). Additionally, a $50 million senior debt facility was obtained from Antalpha Management.

The funding is primarily allocated for acquiring Tether Gold tokens, establishing XAUT as Aurelion’s main reserve asset.

“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,” said Björn Schmidtke, CEO of Aurelion, adding that he sees Tether’s XAUT as the “real digital gold.”
“Creo firmemente que necesitamos una stablecoin que pueda combatir la inflación y que tenga la estabilidad para ser utilizada en el pago de necesidades diarias como las facturas de electricidad,” dijo Björn Schmidtke, CEO de Aurelion.

Aurelion aims to convert Tether Gold into physical gold over time, enhancing the relationship between digital assets and tangible commodities. CFO Paul Liang believes that such assets will become more relatable once they can be exchanged in physical locations.

Following the announcement, Prestige Wealth’s stock surged by 19%, although it remains down over 94% since its launch. A new ticker symbol, AURE, is expected to be introduced upon regulatory approval on Nasdaq.