AURE (ex-PWM) Gets Tether Cash, Debuts “Digital-Gold Treasury” Valuation

Prestige Wealth officially changed its name to Aurelion Inc. ($Prestige Wealth Inc.(AURE)$ ) on 13 Oct 2025 after raising a US-Dollar 150 million strategic round led by stable-coin behemoth Tether and Antalpha ( $Antalpha Platform Holding Company(ANTA)$ ). The proceeds will be used almost entirely to purchase Tether Gold (XAU₮) and to build the first listed, on-chain-auditable “Gold Treasury Company”.

1. Deal Snapshot

• 10 Oct 2025: US$ 150 m strategic placement, priced at a premium to 30-day VWAP.

• Investors: Tether + Antalpha (corner-stone) $Antalpha Platform Holding Company(ANTA)$ , with follow-on participation from two Asian RWA funds.

• Use of proceeds: ≥ 95 % to acquire XAU₮; balance for legal, audit, and chain-oracle set-up.

• Corporate re-brand to “Aurelion Inc.” and ticker change to AURE effective 13 Oct 2025.

New CEO Björn Schmidtke (ex-McKinsey crypto lead) declared:
“Bitcoin is volatile digital gold; XAU₮ is audited, redeemable, 24/365 digital gold. Our mission is to give public-market investors a daily provable gold balance sheet.”

2.Three-Layer Investment Narrative

A) Asset Side – “Daily Auditable Gold Treasury”

• 100 % XAU₮; wallet addresses published every morning; proof-of-reserves smart-contract.

• One-shot purchase equals ~ 3 % of XAU₮ free-float → potential supply-squeeze pricing power.

• Gold’s lower volatility vs. BTC makes balance-sheet leverage less reflexive.

B) Capital Side – $Strategy(MSTR)$ -Style Fly-wheel, but for Gold

• Listed wrapper = access to convertible bonds, prefs, ATM equity at < 200 bps cost.

• Antalpha acts as structurer → laddered convertibles, miner-style gold loans, OTC repo.

• Tether commits to deepen XAU₮ order-books (≤ 20 bps bid-ask for ≤ US$ 10 m clips).

C) Business Side – RWA Revenue Stack (2027 illustrative)

3. Valuation Framework – “Gold NAV + RWA Premium”

Compare:

• Global gold ETFs trade avg. 1.2× NAV.

• MicroStrategy peak > 3× BTC NAV.

• AURE sits in-between but carries “on-chain transparency + listed compliance” scarcity.

4. Product Matrix – XAU₮ vs. Legacy Gold ETFs

5. Catalyst Calendar (Next 6-12 Months)

• Nov 2025: Launch of Antalpha RWA Hub – jewellery pilot in Dubai & Singapore allows 1:1 XAU₮ → 100 g bar swap.

• Dec 2025: First “proof-of-reserve” attestation under PCAOB auditor; hash uploaded to Nasdaq filing.

• Q1-2026: Proposed US$ 300 m 0 % convertible (30 % premium) to double XAU₮ hoard.

• Q2-2026: Inclusion in Russell 2000 & Global Micro-Cap indices (eligibility screen passes once market-cap > US$ 1.3 bn).

6.Key Risks & Mitigants

7. One-Sentence Takeaway for U.S. Investors
“ $Prestige Wealth Inc.(AURE)$ is the only Nasdaq-listed vehicle that turns your equity into a leveraged, yield-bearing, daily provable claim on tokenised gold – long gold beta with an RWA-alpha kicker; mind the liquidity and convert-dilution tails.”