TLDR
- PWM rebrands to Aurelion, launches NASDAQ’s first gold-backed treasury.
- Prestige Wealth transforms into Aurelion, betting big on tokenized gold.
- Aurelion (ex-PWM) pioneers digital gold reserves with $150M funding.
- PWM evolves into Aurelion, merging blockchain and gold-backed finance.
- Aurelion debuts on NASDAQ with Tether Gold treasury and new leadership.
Prestige Wealth Inc. (PWM) surged 3.86% by mid-morning after unveiling a bold shift into gold-backed digital assets.
The company completed a $100 million PIPE financing and secured a $50 million debt facility to establish NASDAQ’s first Tether Gold (XAU₮) treasury. Simultaneously, PWM announced its upcoming rebrand to Aurelion Inc., with a new ticker (AURE) effective Monday, October 13, 2025.
PWM Rebrands and Transforms into Digital Gold Treasury Powerhouse
The company completed a series of strategic transactions, including a $100 million PIPE round led by Antalpha and other accredited parties. These deals enable Aurelion to acquire $280 million worth of Tether Gold (XAU₮), backed by physical gold and tracked on-chain. A separate $50 million debt facility, secured against $67 million in XAU₮, further supports the initiative.
The rebrand to Aurelion signals a firm pivot from traditional wealth management to a blockchain-based gold reserve model. The board approved leadership transitions, naming Björn Schmidtke, a bitcoin miner and crypto advocate, as the new CEO. The new leadership plans to drive product education and transparency through an upcoming Digital Treasury Dashboard.
Tether Gold (XAU₮): Strategic Pivot to Inflation-Resistant, Redeemable Asset
Aurelion becomes the first public company to adopt Tether Gold (XAU₮) as a core reserve asset. XAU₮, which is redeemable for physical gold, offers real-time on-chain verification and secure, inflation-resistant value storage. Unlike ETFs or bullion, Aurelion’s model eliminates custody fees while generating a yield through strategic lending.
The PIPE includes 278 million units priced at $0.36 each, bundled with dual warrants for further share purchases. Antalpha committed $43 million, while Kiara Capital and Tether added $6 million and $15 million, respectively. Full warrant conversion could push total proceeds to $290 million, with $280 million allocated to gold acquisition.
Aurelion also aims to generate a 50–100 bps yield on its unencumbered gold holdings by offering them to Antalpha as collateral. Antalpha assumes all lending risk while increasing market liquidity and utility for tokenized gold. This move reflects a broader strategy to stabilize digital assets with gold-backed instruments.
Aurelion’s Market Position Strengthens with PIPE, Facility and Board Backing
The company secured investor confidence with Antalpha’s strategic backing and rights to appoint two board members. It also created a Strategic Advisory Committee featuring Gemini’s Strategy Director Rohan Chauhan to guide treasury operations. These governance changes position Aurelion to grow its presence in digital asset infrastructure.
The $50 million debt facility matures in 36 months and allows early repayment with no penalties. The interest rate stands at 6%, compounded monthly, ensuring sustainable cost of capital. Aurelion may extend the term by mutual agreement, providing further operational flexibility.
Aurelion’s initiative marks a turning point for tokenized commodities in public markets. It combines traditional asset security with blockchain transparency, setting a new precedent in digital treasury management. The PWM to AURE rebrand reflects this evolution, backed by real value and bold leadership.
