Antalpha Launches Aurelion: A Public treasury Backed by Tether Gold
Antalpha is turning Prestige Wealth Inc. into Aurelion Inc., a new public company. Aurelion will hold its treasury in Tether Gold, a blockchain-verified gold asset.
This $150 million project,named Aurelion,aims to create a public company whose main asset is Tether Gold. The move follows Antalpha’s earlier $20 million Tether Gold acquisition.
According to a press release on Oct. 10,Antalpha Platform Holding Company led a $150 million financing round. This includes a $100 million private placement and a $50 million senior debt facility. Antalpha invested about $43 million and gained a controlling voting position. Aurelion is set to start trading under the ticker AURE on Oct. 13.
Other investors include Tether’s commodity arm and Kiara capital. They are helping Antalpha create the first “pure-play Tether Gold treasury” in public markets.
Aurelion’s launch is part of Antalpha’s “Reserve 2.0” strategy.It began wiht a $20 million Tether Gold acquisition earlier this year. Tether Gold is backed by physical, LBMA-standard gold bars in a Swiss vault. Each token represents a specific, redeemable ounce of gold.
Antalpha CFO Paul Liang said, “People and institutions need a safe haven. Tether Gold helps us fortify our balance sheet and improve collateral resilience.”
the timing is significant. Gold prices have surged over 50% this year, surpassing $4,000 per ounce. This rise is linked to concerns over U.S. fiscal health and a shift away from fiat currencies.
