The NASDAQ listed by the wealth and provider of prestigious prestige Prestige Wealth rebels with the Aurelion Treasury to launch the first tether gold gold treasury with more Wall Street companies to explore digital assets.
To launch NASDAQ’s first gold tether (Xau) Treasury, the company announced closing a $ 100 million private investment in public equity (pipe) financing round from anchor investors Antalpha Platform Holding Company and other accredited investors, including TG Commodities on De CV (Tether), the company Says Friday.
The company also gained three years, $ 50 million senior debt facilities from AntalPha Management, bringing total funds to $ 150 million, According to in a filing with the US Securities and Exchange Commission.
Most of the proceeds will be used to obtain Tether Gold (XAUT) tokens as the main reserve of Aurelion owned, the company said.
“I was bullish with Bitcoin in the long run, and I believe we need a stablecoin that can fight inflation and have the stability to be used for paying for the daily needs such as electricity charges,” said Björn Schmidtke, CEO of Aurelion, added that he sees Tether’s xauut as the “real digital gold.”
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Aurelion’s launch is its position as the first listed Treasury listed in the Nasdaq who holds tether gold in the reserve. The company aims to make XAut “redeemed for physical gold” over time, further bridging the gap between tokenized assets and tangible goods.
“Digital assets will be more visible to many when one can walk to a jewelry store and redeem a gold bar with Tether gold (Xau ₮),” said Paul Liang, chief leader of Antalpha’s financial official, Aurelion’s parent company.
Tether’s xaus tokens are currently redeemed for physical gold, but users need to have at least 430 xau to redeemed for a whole gold bar, according to Tether.
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PWM Stoars 19% after Tether Treasury announcement
Pivot at a Tether Gold Treasury benefited from Prestige Wealth’s stock price, which rose 19% on Friday after the announcement.
However, the company’s stock price remains more than 94% since its launch, data from Yahoo Finance Shut up.
Under the approved regulation, the company is expected to deepen the new ticker symbol in Nasdaq (Aure), from Monday.
