TechFlow news, October 10 — According to GLOBE NEWSWIRE, Prestige Wealth Inc. (Nasdaq: PWM) announced the completion of approximately $150 million in financing to launch the first Tether Gold (XAU₮) treasury on Nasdaq.
The funding round includes a $100 million private placement led by Antalpha (Nasdaq: ANTA), and $50 million in senior debt instruments. Other investors include Tether and Kiara Capital. The company plans to use the majority of net proceeds to purchase Tether Gold as treasury reserve assets.
The company is expected to rename itself "Aurelion Inc." and begin trading under the new ticker symbol AURE on October 13. New CEO Björn Schmidtke stated that Tether Gold is "real digital gold" and serves as a safe haven against inflation and cryptocurrency volatility.
