Prestige Wealth secures and finalizes $150M funding for Aurelion treasury
Company Announcement: Prestige Wealth (PWM) has closed transactions to initiate NASDAQ's first Tether Gold treasury, including a $100M PIPE financing and a $50M senior debt facility, primarily aimed at acquiring Tether Gold as a treasury reserve asset.
Management Changes: The company will be renamed "Aurelion Inc." and will have new leadership, with Bjorn Schmidtke as CEO, following the resignation of Kazuho Komoda and other management transitions.
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- Market Capitalization Surge: Since July 2025, Tether Gold (XAU₮) market capitalization has skyrocketed from approximately $800 million to $2.2 billion, indicating strong demand for digital gold amid economic volatility and signaling a significant shift in gold ownership towards digitalization.
- Enhanced Security Standards: Antalpha's partnership with Malca-Amit ensures the security of the physical assets backing XAU₮, with Malca-Amit being an LBMA-certified custodian that provides high-standard services backed by ISO 9001 and ISO 27001 certifications, thereby strengthening risk management capabilities.
- Revolution in Trading Efficiency: Clients can now schedule physical gold exchanges immediately after completing KYC on the Antalpha platform, with settlement cycles reduced to T+1 business days, significantly enhancing trading efficiency and addressing high premiums and liquidity issues in traditional gold trading.
- Global Network Expansion: Antalpha is deploying physical vault nodes in major financial centers worldwide, building a
- Company Renaming: Aurelion Inc. completed its name change from Prestige Wealth Inc. on November 26, 2025, marking a strategic shift aimed at better reflecting its focus on the tokenized gold sector.
- Successful Financing: The company secured $100 million in PIPE financing along with a $50 million senior debt facility, enabling Aurelion to purchase $134 million of TetherGold, thereby solidifying its position in the digital asset market.
- Market Positioning: As NASDAQ's first TetherGold RWA company, Aurelion focuses on developing a business around tokenized gold, leveraging the stability of gold and the efficiency of blockchain to provide investors with a safe haven against inflation and currency devaluation.
- Business Expansion: In addition to tokenized gold, Aurelion offers wealth management and asset management services, aiming to meet the growing market demand through diversified financial products and enhance the company's long-term competitiveness.

Company Renaming: Aurelion Inc. has officially changed its name from Prestige Wealth Inc. and will trade under the new name on NASDAQ starting November 26, 2025.
Funding and Acquisition: The name change follows a successful $100 million PIPE investment led by Antalpha Platform Holding Company, which, along with a $50 million senior debt facility, enabled Aurelion to acquire $134 million in Tether Gold (XAU₮).
Focus on Tokenized Gold: Aurelion aims to capitalize on business opportunities in the growing market of tokenized gold, positioning itself as NASDAQ's first Tether Gold Real World Asset (RWA) company.
About Tether Gold: Tether Gold (XAU₮) is a digital asset representing physical gold, available as an ERC-20 token on the Ethereum blockchain, allowing for easy trading and movement 24/7.
- Share Repurchase Program: Antalpha's board has authorized a share repurchase program of up to $10 million, effective through December 31, 2026. This initiative aims to enhance shareholder value and reflects the company's strong operational momentum and financial flexibility.
- Strong Financial Performance: CFO Paul Liang noted that Antalpha has achieved accelerating revenue growth and expanding margins, attracting institutional interest in its risk management capabilities. This performance provides the financial foundation necessary for executing the repurchase program, boosting market confidence.
- Strategic Investment: Antalpha's anchor investment in Aurelion, a Tether-Gold-RWA-focused company, will enhance its balance sheet resilience and support Antalpha Prime in expanding loan offerings, including XAU₮-backed loans. This strategy will help clients better navigate market volatility and strengthen the company's competitive position.
- Repurchase Flexibility: The company plans to repurchase shares through various means, including open market transactions and block trades, depending on market conditions. The board will periodically review and may adjust the terms and size of the repurchase program, allowing for optimal capital allocation in varying market environments.

Analyst Ratings Initiations: Mizuho analyst John Roberts initiated coverage on Qnity Electronics with an Outperform rating and a price target of $110, while B. Riley Securities analyst Griffin Boss rated Phoenix Education Partners as a Buy with a target of $60.
Additional Analyst Coverage: TD Cowen analyst Tyler Van Buren initiated coverage on MBX Biosciences with a Buy rating, and B. Riley's Hal Goetsch rated Antalpha Platform Holding as a Buy with a target of $14.
Twist Bioscience Rating: Stephens & Co. analyst Steven Etoch initiated coverage on Twist Bioscience Corporation with an Overweight rating and a price target of $41.
Current Stock Prices: As of Monday, Qnity Electronics closed at $97.00, Phoenix Education at $36.00, MBX Biosciences at $20.61, Antalpha Platform at $10.81, and Twist Bioscience at $31.57.

Company Name Change and Investment: Prestige Wealth Inc. plans to be renamed Aurelion Inc. and has secured a $100 million private placement, with Antalpha investing approximately $43 million to acquire controlling voting rights.
Tether Gold Treasury: Aurelion will anchor its treasury exclusively in Tether Gold (XAU₮), aiming to enhance liquidity and provide a safe haven against inflation and market volatility.
Strategic Collaboration: Antalpha's partnership with Tether aims to expand the digital gold ecosystem, allowing for the redemption of gold bars with Tether Gold, thereby increasing access to tokenized gold.
Future Plans and Governance: Following the investment, Antalpha holds a significant stake in Aurelion, which is expected to stabilize operations and facilitate further fundraising for additional Tether Gold purchases.




