Nasdaq company buys millions in gold-pegged Tether token for its treasury

• The firm now operates under the name Aurelion (AURE) and has a treasury of USD $134 million in XAUT.
• Each token XAUT represents one troy ounce of physical gold stored in Switzerland.
• The company seeks to redefine digital treasury management backed by physical assets.

Prestige Wealtha company listed on the index of Nasdaq, announced this Tuesday the acquisition of USD $134 million in Tether Gold (XAUT), token whose value is linked to the gold of the issuers USDT, becoming the first publicly listed corporation whose treasury is exclusively composed of a tokenized version of the precious metal.

The company, which previously operated under the symbol PWM, started trading on Monday with the new ticker AURE, and plans to officially adopt the name Aurelion once the corresponding regulatory approval is obtained.

A new era for corporate treasuries

According to the press release, Aurelion acquired the digital gold of Tether at an average price of USD $4,021.81 per token XAUT. Each unit is equivalent to one troy ounce of physical gold, fully redeemable by bars certified by the London Bullion Market Association (LBMA) and stored in Swiss vaults.

Since its launch in 2020, Tether Gold has accumulated nearly seven tons of physical gold support, consolidating itself as one of the strongest tokenized assets on the market.

The movement of Aurelion It comes amid gold’s biggest rally in nearly half a century. The precious metal recently hit all-time highs above $4,100 per ounce, up more than 57% so far this year, marking a milestone comparable to the boom of the late 1970s.

Aurelion seeks to combine stability and transparency

“This is a decisive milestone for Aurelion and for the widespread adoption of tokenized gold,” declared Björn SchmidtkeCEO of the company. “By combining the stability of physical gold with the efficiency and transparency of blockchain, we are redefining what a modern digital treasury can be,” he added.

The executive highlighted that this structure not only allows daily on-chain verificationbut also offers regulatory compliance and potential of performance generation for institutional investors.

The objective of Aurelion, According to Schmidtke, it is to serve as a model for how corporations can leverage the tokenization of physical assets to optimize capital management and risk exposure.

Institutional financing and share control

The purchase of Tether Gold occurs shortly after Aurelion will complete a financing round of approximately USD $150 million, composed of a private placement (PIPE) of USD $100 million and a three-year line of credit for USD $50 million, announced on October 10.

Among the main investors stands out Antalpha, an institutional digital asset financing firm, which contributed USD $43 million in the placement and acquired a stake with majority voting right in Aurelion.

Antalpha had already made a pilot purchase of Tether Gold for USD $20 million at the beginning of the year, now consolidating its commitment to tokenized gold as a strategic reserve.

Other participants in the round included Tether Investmentswith an investment of USD $15 million, and Kiara Capital, which contributed USD $6 million.

The rise of tokenized finance and recent records for physical gold have prompted companies and funds to explore hybrid assets that combine tangible support and digital liquidity.

Aurelion It thus positions itself as a pioneer in integrating tokenized gold directly into its balance sheet structure, a decision that could inspire other corporations to follow the same model in the face of the volatility of fiat markets and geopolitical tensions.

In a context where volatile cryptocurrencies and traditional assets are looking for points of convergence, Tether Gold (XAUT) emerges as an alternative that offers trust, support and traceability.

Article written with the help of an AI content writer, edited by Angel Di Matteo / DailyBitcoin

Original image from DiarioBitcoin, created with artificial intelligence, free to use, licensed under Public Domain.

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