Antalpha subsidiary buys $134 million in Tether Gold tokens

Antalpha Platform Holding Company (NASDAQ: ANTA) announced its subsidiary Prestige Wealth Inc. completed a $134 million purchase of Tether Gold tokens at $4,021.81 per token, according to a company statement.

Prestige Wealth began trading under the symbol NASDAQ: AURE on October 13, 2025, after previously trading as NASDAQ: PWM. The company plans to rename itself Aurelion Inc., subject to regulatory approvals.

The purchase follows Aurelion's completion of $150 million in financing on October 10, 2025, which included approximately $100 million in private investment in public equity proceeds and a $50 million three-year senior debt facility. Antalpha led the financing with a $43 million investment and acquired controlling voting rights in Aurelion.

Tether Gold represents digital tokens backed by physical gold, with each token corresponding to one troy ounce of gold stored in London Good Delivery bars. The tokens trade on the Ethereum blockchain as ERC-20 tokens.

Aurelion plans to lend its Tether Gold holdings to Antalpha as collateral in exchange for technology fees. Antalpha will assume default risk from funding derived from the borrowed collateral when lending to customers. Aurelion will continue operating its wealth management and asset management services.

The transaction is part of Antalpha's Reserve 2.0 initiative, which began with a pilot program to acquire $20 million in Tether Gold earlier this year. Antalpha operates as a digital asset financing platform serving institutional clients.

Antalpha scheduled a conference call for October 14, 2025, at 8:30 a.m. Eastern Time to discuss the Aurelion treasury.

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