What happened?
Prestige Wealth announced it raised about $150 million to launch NASDAQ’s first Tether Gold Treasury and plans to rebrand as Aurelion (AURE). The financing was led by Antalpha with participation from Tether’s TG Commodities and others, and includes a $50 million senior debt facility. The company says it will hold tokenized Tether Gold as a core reserve, offer physical redemption options, and seek modest yield by lending against unencumbered gold.
Who does this affect?
Retail and institutional investors looking for on-chain exposure to gold now have a new publicly listed option through Aurelion. Shareholders of Prestige/AURE, holders of Tether Gold, and users of Antalpha’s RWA services are directly impacted by the treasury and rebrand. Crypto firms, gold dealers, and market makers could also be affected as redemption channels, liquidity pools, and lending markets link to a NASDAQ-listed tokenized-gold reserve.
Why does this matter?
This moves tokenized, redeemable gold into the mainstream by making it a core reserve at a public company, which could legitimize tokenized commodities for more investors. That credibility may attract more capital into real‑world assets on-chain, boost liquidity for Tether Gold, and create new lending and arbitrage opportunities while helping Prestige’s stock rally. At the same time, it raises the chance of greater regulatory scrutiny and increased volatility as markets reprice firms that tie balance sheets to on‑chain assets, so there’s both opportunity and risk for market participants.