Institutional digital asset platform Antalpha has taken the lead in a landmark $150 million financing round to establish the world’s first Nasdaq-listed corporate treasury backed entirely by Tether Gold (XAUT). The funding includes a $100 million private placement and a $50 million senior debt facility, with Antalpha contributing approximately $43 million as the lead investor.
The initiative centers on Prestige Wealth, which will be renamed Aurelion, and will manage the newly formed Aurelion Treasury. The treasury will hold reserves composed entirely of Tether Gold, a digital token representing one troy ounce of gold redeemable for LBMA-standard bars stored in Switzerland. Since its 2020 debut, Tether Gold has accumulated around seven tons of physical gold as backing.
Following the transaction, Antalpha becomes Aurelion’s controlling shareholder, holding 32.4% of its equity and 73.1% of its voting rights. Other accredited investors in the round include TG Commodities, the issuer of Tether’s XAUT token, with a $15 million investment, and Kiara Capital, which contributed $6 million.
“We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem,” said Paul Liang, CFO of Antalpha. “Digital assets will feel more tangible when people can redeem a gold bar directly with XAUT. Through Antalpha RWA Hub, we aim to bring more liquidity and real-world use cases to Tether Gold.”
Antalpha Platform Holding CompanyA Growing Market for Digital Gold
The launch comes amid gold’s strongest annual rally since the 1970s, with prices surpassing $4,000 per ounce—a more than 50% increase year-to-date. The surge reflects heightened demand for safe-haven assets as investors seek protection from inflation, currency devaluation, and crypto market volatility.
“People and institutions need a reliable hedge,” Liang added. “By holding a significant portion of our balance sheet in Tether Gold, we aim to strengthen collateral resilience and long-term stability.”
Strengthening Institutional Access to Tokenized Gold
This latest investment follows Antalpha’s earlier $20 million pilot purchase of Tether Gold and its partnership with Tether to launch the Antalpha RWA Hub, a platform designed to expand institutional access to tokenized real-world assets with improved transparency and governance.
Pending regulatory approvals, Aurelion is expected to begin trading under the ticker symbol ‘AURE’ starting Monday.
Olga Kharif
Bloomberg recently reported that Tether and Antalpha aim to raise at least $200 million for a broader tokenized gold digital asset treasury, continuing their push to integrate real-world assets into the blockchain economy. As of the second quarter, around 250,000 XAUT tokens—equivalent to 7.66 tons of gold—were in circulation, according to Tether’s July report.
