Antalpha Platform Holding Company (NASDAQ: ANTA) said Tuesday that its subsidiary, Prestige Wealth Inc., which trades under the name Aurelion, has purchased $134 million worth of Tether Gold (XAU₮) as part of a broader effort to increase its reserve assets. The acquisition, completed at $4,021.81 per XAU₮, marks one of the largest single corporate transactions involving the tokenized gold asset this year.
Aurelion began trading under its new ticker (NASDAQ: AURE) on Oct. 13, following a rebranding from its previous symbol (NASDAQ: PWM). The company plans to change its legal name to “Aurelion Inc.,” pending required approvals.
Financing Round and Reserve Strategy
The purchase comes days after Aurelion secured $150 million in financing on Oct. 10. The funding package included approximately $100 million in private investment in public equity (PIPE) and a $50 million, three-year senior debt facility.
Antalpha led the round with a $43 million PIPE investment and gained controlling voting rights in Aurelion. The transaction aligns with Antalpha’s Reserve 2.0 strategy, which aims to expand its collateral base and enhance liquidity through tokenized gold reserves.
The initiative began earlier this year with a $20 million pilot acquisition of Tether Gold. In early October, Antalpha also announced a collaboration with Tether to launch the Antalpha RWA Hub, a platform intended to increase institutional access to tokenized real-world assets.
Collateral Use and Risk Management Plans
Aurelion will hold Tether Gold as its sole treasury reserve, positioning the asset as a hedge against market volatility. Antalpha said the arrangement would allow the company to offer gold-backed loans through its Antalpha Prime platform.
Under the structure, Aurelion will lend its unencumbered Tether Gold to Antalpha as collateral and receive a technology fee in exchange. Antalpha will bear all default risk on funds extended to end customers using the borrowed collateral. The move reflects a growing trend among institutional players to use tokenized gold as a liquidity and risk-management tool, especially during periods of macroeconomic uncertainty.
Gold has long been considered a stable value benchmark, and tokenized versions have gained traction in financial markets seeking alternatives to traditional reserves. Aurelion will continue to operate its wealth and asset management services while integrating its gold holdings into Antalpha’s broader financing and collateral framework.
