Prestige Wealth Completes Approximately $150 million Funding to Launch Nasdaq's First XAUT Treasury
2025-10-10 12:15:02
Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has participated in and completed a series of coordinated transactions to launch Nasdaq's first Tether Gold (XAUT) treasury. These transactions include a Private Equity (PIPE) financing of approximately $100 million from Antalpha Platform Holding Company, as well as other accredited investors, including Tether and Kiara Capital, and a three-year senior debt financing of up to $50 million. The company intends to use the majority of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. Upon approval, the company is expected to change its name to "Aurelion Inc." and trade under a new ticker symbol (AURE) effective October 13, 2025.
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