Antalpha Platform Holding Company (NASDAQ: ANTA) has acquired controlling voting rights in Prestige Wealth Inc. (NASDAQ: PWM), soon to be renamed Aurelion Inc., after leading a $43 million private investment in public equity (PIPE) transaction. The deal, announced Friday, positions the institutional digital asset financing firm as the largest shareholder with roughly 73% of voting rights.
Other participants in the $100 million PIPE include Tether, which invested $15 million, and Kiara Capital Holding Limited, which contributed $6 million. The company’s shares will trade under the new ticker symbol (NASDAQ: AURE) starting Monday, Oct. 13, pending approvals. Antalpha’s move marks the latest phase of its Reserve 2.0 initiative, aimed at strengthening its balance sheet through tokenized gold reserves tied to Tether Gold (XAU₮).
Expanding Institutional Access to Tokenized Gold
Antalpha said the investment aligns with its strategy to expand the real-world asset (RWA) segment through its Antalpha RWA Hub, a platform launched earlier this month in collaboration with Tether. The hub seeks to improve institutional access to tokenized commodities, beginning with gold.
Paul Liang, Antalpha’s chief financial officer, said the company aims to make digital gold more accessible to both institutions and consumers. “We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem,” Liang said.
He added that Antalpha plans to anchor Aurelion Treasury, which will serve as the first Nasdaq-listed treasury fully backed by Tether Gold (XAU₮). The initiative is designed to provide a hedge against inflation, fiat devaluation, and cryptocurrency market swings.
Building on Reserve 2.0 and Gold-Backed Stability
The Reserve 2.0 strategy builds on a pilot program earlier this year in which Antalpha acquired $20 million in Tether Gold. With the latest investment, the company aims to scale its holdings with institutional governance and transparency. Tether Gold (XAU₮), launched in 2020, is a blockchain-based token backed by physical gold stored in Switzerland. Roughly seven tons of gold currently back the asset, offering redeemability and verifiable reserves.
By using Tether Gold as Aurelion’s sole treasury reserve, Antalpha seeks to improve collateral stability and liquidity management. According to the company, concentrating shareholding among Antalpha, Tether, and Kiara Capital is intended to promote operational stability as fundraising continues for future Tether Gold acquisitions.
