Tether Gold Treasury Launch News

Prestige Wealth announced it successfully raised $150 million to launch a digital asset treasury focused on tether gold (XAUT), the gold-backed tokens issued by stablecoin leader tether. The financing round included $100 million in a private placement led by Antalpha, a firm specializing in bitcoin mining financing, and $50 million in senior debt. Investors in the round also included tether and Kiara Capital.

The majority of the capital will be used to purchase tokenized gold reserves, creating a blockchain-native treasury that is publicly verifiable. The company plans to rebrand as Aurelion after receiving necessary approvals and will trade under the ticker AURE. Following the announcement, the stock initially jumped 35% in pre-market trading before partially retreating during the session. This initiative aligns with prior reports of Antalpha and tether backing tokenized gold treasury ventures.

Tether gold is a stablecoin tied to physical gold that is redeemable and auditable on-chain. Aurelion stated it will maintain these gold reserves in a transparent and verifiable structure, providing an alternative to traditional reserves such as cash or fiat stablecoins. CEO Björn Schmidtke, co-founder of the Paraguayan bitcoin miner Penguin Group, explained that the move reflects a broader shift toward digital assets backed by tangible value.

He emphasized that while many describe bitcoin as digital gold, tether gold, a redeemable stablecoin backed by real gold, represents the true form of digital gold. The company intends to generate a modest yield by lending unencumbered gold holdings through Antalpha while retaining a portion as collateral. Following the transaction, the board and leadership were restructured, with Antalpha receiving two board seats and creating a strategic advisory committee including members from Gemini. Overall, tether remains central to the treasury strategy, and the company expects the tether-backed initiative to bring both stability and transparency to digital gold management.