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Antalpha (NASDAQ: ANTA) Anchors $150 million Financing $100 Million Private Placement & $50 Million Senior Debt Facility
Björn Schmidtke to Serve as CEO
HONG KONG, Oct. 10, 2025 (GLOBE NEWSWIRE) -- Prestige Wealth Inc. (NASDAQ: PWM; AURE) (the “Company” or “Aurelion”) today announced its entry into and the closing of a set of coordinated transactions to initiate NASDAQ’s first Tether Gold (XAU₮) treasury. The transactions include an approximately $100 million PIPE financing (the “PIPE”) from anchor investor Antalpha Platform Holding Company (NASDAQ: ANTA) (“Antalpha”), and other accredited investors, including TG Commodities S.A. de C.V. (“Tether”) and Kiara Capital Holding Limited (“Kiara Capital”), invested by Antalpha management, and a 3-year $50 million senior debt facility (the “Facility”). The Company intends to use the majority of the net proceeds to fund the acquisition of Tether Gold (“XAU₮”) as the Company’s treasury reserve asset. The Company (NASDAQ: PWM) is expected to be renamed as “Aurelion Inc.”, subject to approvals, and will trade under the new ticker (NASDAQ: AURE) beginning Monday, October 13, 2025.
“I am bullish on bitcoin in the long term, and I believe we need a stablecoin that can fight inflation and has the stability to be used for paying daily necessities like electricity bills. Some people describe Bitcoin as digital gold; I see Tether Gold (XAU₮), a redeemable stablecoin backed by gold, as the real digital gold,” said Björn Schmidtke, CEO of Aurelion and a long-time bitcoin miner.
“With Aurelion Treasury, we are setting a new standard: a publicly listed, fully backed gold digital reserve that can be verified on-chain every day. In a world where money is moving digitally and market volatility remains real, having a foundation of real value in tokenized gold gives people and institutions certainty. This isn’t about yield or finance: it’s about redefining how real wealth is held, moved, and preserved in the digital era,” continued Mr. Schmidtke.
"We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem. Digital assets will be more tangible to many when one can walk into a jewelry store and redeem a gold bar with Tether Gold (XAU₮). Through Antalpha RWA Hub, we hope to deliver new capabilities and services like this that will increase the liquidity and product offerings of Tether Gold (XAU₮)," said Paul Liang, CFO of Antalpha, parent of Aurelion.
“Adding to Antalpha RWA Hub, we are excited to anchor Aurelion Treasury, the first pure-play NASDAQ Tether Gold (XAU₮) Treasury, to increase access to tokenized gold, which has strategic importance in the digital asset world. People and institutions need a safe haven to safeguard against inflation, currency devaluation and crypto volatility. As a leading digital asset financing platform, Antalpha has common interest with other leading digital asset companies in fortifying our own balance sheet with a significant gold reserve through Tether Gold (XAU₮) to improve collateral resilience,” continued Mr. Liang.
Transaction Highlights
Why Aurelion
Investor Confidence
Leadership Updates
The Company will be led by experienced individuals:
Advisors
Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, served as exclusive advisor to Antalpha and exclusive placement agent to the Company.
Loeb & Loeb LLP served as legal advisor to the Company. Reed Smith LLP served as legal advisor to Antalpha. Ogier served as Cayman Islands legal advisor to the Company. Morgan Lewis served as legal advisor to Cohen & Company Capital Markets.
About Aurelion
Aurelion is NASDAQ’s first Tether Gold (XAU₮) Treasury. It combines the stability of physical gold with the efficiency of blockchain, providing investors access to tokenized gold reserve that could serve as a safe haven to inflation, currency devaluation, and crypto volatility. In parallel, Aurelion will continue its wealth management and asset management services.
About Tether Gold (XAU₮)
Tether Gold (XAU₮) is a digital asset offered by TG Commodities S.A. de C.V. One full XAU₮ token represents one troy fine ounce of gold on a London Good Delivery bar. XAU₮ is available as an ERC-20 token on the Ethereum blockchain. The token can be traded or moved easily 24/7. XAU₮ allocated gold is identifiable with a unique serial number, purity, and weight, and is redeemable.
About Antalpha RWA Hub
Antalpha RWA Hub is Antalpha's dedicated Real-World Assets (“RWA”) infrastructure platform, currently focused on providing liquidity and services for gold-based RWAs.
Contacts
Investor Contact: [email protected]
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical facts are “forward-looking statements”. These statements may be identified by words “anticipate,” “aspire,” “intend,” “plan,” “offer,” “goal,” “objective,” “potential,” “seek,” “believe,” “project,” “estimate,” “expect,” “forecast,” “assume,” “strategy,” “target,” “trend,” “future,” “likely,” “may,” “should,” “could”, “will” and variations of these words or similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the anticipated use of proceeds from the transactions and the implementation of the Company’s Tether Gold (XAU₮) treasury strategy and the potential value to shareholders. These forward-looking statements are based on the Company’s expectations and assumptions as of the date of this press release. These statements are neither historical facts nor assurances of future performance. Instead, they are based only on current beliefs, expectations and assumptions regarding the future of the relevant business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Each of these forward-looking statements involves risks and uncertainties that could cause the Company’s future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors may cause differences between current expectations and actual results, including: the impacts of macroeconomic conditions, heightened inflation and uncertain credit and financial markets, on the Company’s business and financial position; changes in expected or existing competition; changes in the regulatory environment; unexpected litigation or other disputes; risks related to the new XAU₮ treasury program; the risk that the Company’s share price may be highly correlated to the price of the XAU₮ that it holds; risks relating to significant legal, commercial, regulatory, and technical uncertainty regarding digital assets generally; risks relating to the treatment of crypto assets for U.S. and foreign tax purposes; and general market, political, and economic conditions in the countries in which the Company operates. Other factors that may cause the Company’s actual results to differ from those expressed or implied in the forward-looking statements in this press release are identified under the heading “Risk Factors” in the Company’s annual report on Form 20-F filed with the SEC on February 13, 2025, in Exhibit A to the form of subscription agreements filed as Exhibits 10.1 and 10.2 to the Company’s Form 6-K filed with the SEC on October 10, 2025 and in other filings that the Company makes and will make with the SEC in the future. The Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.
Important Information
The offer and sale of the foregoing securities were made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirement of the Securities Act and such applicable state securities laws.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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