Public company Prestige Wealth has completed approximately $150 million in financing to launch the first XAUT treasury on Nasdaq.

PANews reported on October 10 that Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has engaged in and completed a series of synergistic transactions to launch the first Tether Gold (XAUT) treasury on NASDAQ. These transactions include approximately $100 million in private equity investment (PIPE) financing from Antalpha Platform Holding Company, as well as other accredited investors, including Tether and Kiara Capital, and a three-year priority debt financing of up to $50 million. The company intends to use most of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. After obtaining the relevant approvals, the company expects to change its name to 'Aurelion Inc.' and will trade under the new stock code (AURE) starting from October 13, 2025. It is reported that the Aurelion Treasury PIPE includes approximately $43 million subscribed by cornerstone investor Antalpha, as well as subscriptions from other qualified investors, including $6 million subscribed by Kiara Capital and $15 million subscribed by Tether. The total proceeds amount to approximately $290 million, which includes $50 million from this facility, around $100 million from the PIPE, and $140 million after full exercise of the warrants issued in the PIPE, of which $280 million is expected to be used to purchase Tether Gold (XAU₮).