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

On October 10, according to Globenewswire, Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has participated in and completed a series of synergistic transactions to launch the first Tether Gold (XAUT) treasury on Nasdaq. These transactions include approximately $100 million in private equity investment (PIPE) financing from Antalpha Platform Holding Company, as well as other accredited investors, including Tether and Kiara Capital, along with a three-year priority debt financing of up to $50 million. The company intends to use most of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. Following the necessary approvals, the company expects to change its name to 'Aurelion Inc.' and will trade under the new ticker symbol (AURE) starting October 13, 2025. It is reported that the Aurelion Treasury PIPE includes approximately $43 million subscribed by cornerstone investor Antalpha, as well as subscriptions from other accredited investors, including $6 million subscribed by Kiara Capital and $15 million subscribed by Tether. The total proceeds amount to approximately $290 million, which includes $50 million from this facility, about $100 million from the PIPE, and $140 million from the full exercise of warrants issued in the PIPE, of which $280 million is expected to be used to purchase Tether Gold (XAU₮).