Prestige Wealth has completed a financing round of approximately $150 million to launch the XAUT Treasury.

BlockBeats News, October 10 - According to Globenewswire, Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has participated in and completed a series of coordinated transactions to launch Nasdaq's first Tether Gold (XAUT) Treasury. These transactions include approximately $100 million in private investment in public equity (PIPE) financing from Antalpha Platform Holding Company, as well as other accredited investors including Tether and Kiara Capital, and a three-year, $50 million senior debt financing. The company intends to use most of the net proceeds to purchase Tether Gold (XAUT) as a treasury reserve asset. Upon receiving the necessary approvals, the company expects to be rebranded as "Aurelion Inc." and commence trading under the new stock ticker symbol (AURE) starting from October 13, 2025.

The Aurelion Treasury PIPE reportedly includes approximately $43 million subscribed by cornerstone investor Antalpha and subscriptions from other eligible investors, including $6 million from Kiara Capital and $15 million from Tether. The total proceeds amount to around $290 million, including $50 million from the facility, approximately $100 million from the PIPE, and $140 million fully exercised from the warrants issued in the PIPE, of which $280 million is expected to be used to purchase Tether Gold (XAU₮).