Aurelion Treasury launches Nasdaq’s first Tether Gold-backed reserve

The move marks the debut of Nasdaq’s first Tether Gold-backed corporate treasury, which will be established via a $150 million financing round.

Nasdaq-listed wealth and asset management services provider Prestige Wealth is rebranding to Aurelion Treasury to launch the Nasdaq’s first Tether Gold-backed corporate treasury as more Wall Street companies explore digital asset offerings.

To launch Nasdaq’s first Tether Gold (XAUT) treasury, the company announced the closure of a $100 million Private Investment in Public Equity (PIPE) financing round from anchor investor Antalpha Platform Holding Company and other accredited investors, including TG Commodities S.A. de C.V. (Tether), the company said Friday.

The company also secured a three-year, $50 million senior debt facility from Antalpha Management, bringing its total funding to $150 million, according to a filing with the US Securities and Exchange Commission.

Read more