PWM News & Events

Aurelion (AURE) announced the completion of its renaming from Prestige Wealth (PWM). Beginning November 26, the company's Class A ordinary shares will trade on the Nasdaq under its new name "Aurelion Inc." The name change followed the company's completion of a $100M PIPE anchored by Antalpha Platform Holding Company (ANTA), which along with a $50M senior debt facility enabled Aurelion to purchase $134M of Tether Gold and become a Tether Gold Real World Asset company. Aurelion plans to focus on business opportunities arising from the growth of tokenized gold.

Antalpha Platform (ANTA) announced that its subsidiary, Prestige Wealth (PWM) has completed the purchase of $134 million in Tether Gold at $4,021.81 per XAU. Aurelion, NASDAQ's first Tether Gold Treasury, began to trade under the symbol on October 13, 2025; it previously traded under the symbol. The Company plans to be renamed to "Aurelion Inc.," subject to customary approvals. On October 10, 2025, Aurelion completed $150 million financing, which includes approximately $100 million in PIPE proceeds and a $50 million, three-year senior debt facility. Antalpha led the $150 million financing with a $43 million PIPE investment and acquired controlling voting rights in Aurelion. The Antalpha Reserve 2.0 initiative began earlier this year through a pilot program to acquire $20 million of Tether Gold. In early October, Antalpha announced a collaboration with Tether to launch the Antalpha RWA Hub, to increase access to tokenized gold. This follows Antalpha's anchor investment in Aurelion financing, which will allow Antalpha to grow its balance sheet and increase collateral resilience.

Prestige Wealth (PWM) announced its entry into and the closing of a set of coordinated transactions to initiate NASDAQ's first Tether Gold treasury. The transactions include an approximately $100M PIPE financing from anchor investor Antalpha Platform Holding Company (ANTA), and other accredited investors, including TG Commodities and Kiara Capital, invested by Antalpha management, and a 3-year $50M senior debt facility. The Company intends to use the majority of the net proceeds to fund the acquisition of Tether Gold as the Company's treasury reserve asset. The Company is expected to be renamed as "Aurelion Inc.", subject to approvals, and will trade under the new ticker (AURE) beginning Monday, October 13, 2025. The $100M PIPE financing brings in investors who purchased approximately 278M units, with each unit comprised of one Class A ordinary share, Class B ordinary share or pre-funded warrant to purchase an ordinary share at a price of $0.36 per share and two warrants, with one warrant to purchase 0.5 Class A ordinary shares or Class B ordinary shares with an exercise price per share equal to 130% of the Share Purchase Price and one warrant to purchase 0.5 Class A ordinary shares or Class B ordinary shares at an exercise price per share equal to 150% of the Share Purchase Price. The warrants for Class A ordinary shares are immediately exercisable. Aurelion Treasury PIPE includes subscriptions from anchor investor Antalpha for approximately $43M, and other accredited investors, including Kiara Capital for $6M and Tether for $15M. Gross proceeds of approximately $290M, which include proceeds of $50M from the Facility, approximately $100M from the PIPE and $140M to the extent that the warrants issued in the PIPE are fully exercised, of which $280M is anticipated to be utilized for the purchase of Tether Gold. The $50M Facility will be secured by a first-priority perfected liens on $67M of the Company's Tether Gold, which will be held in a controlled account. The Facility matures 36 months after funding and the Company may prepay the Facility at any time without any premium or penalty. The interest rate is 6% per year, compounded monthly. The term loan can be mutually extended. Bjorn Schmidtke, Chairman and co-founder of Penguin Group, joins as CEO of the Company. The following management changes became effective at the closing of the transactions: Kazuho Komoda's resignation as the Company's CEO and board member; Zimuyin Jiang's transition from CFO to chief accounting officer; and Wei Gao's transition from CTO to the head of private wealth management business. Antalpha has the right to nominate two directors to the Company's board of directors at the closing of the transactions. A strategic advisory committee has been established to advise the Company's board of directors on the direction of its treasury strategy, with members including Rohan Chauhan, Director of Strategy at Gemini.

Antalpha Platform (ANTA) invested approximately $43M as lead investor and acquired controlling voting rights in Prestige Wealth (PWM) through participation in a committed private investment in public equity, alongside accredited investors including TG Commodities and Kiara Capital Holding, invested by Antalpha's management. The Company is expected to be renamed as "Aurelion Inc.", subject to approvals, and will trade under the new ticker (AURE) beginning Monday, October 13, 2025. Antalpha Reserve 2.0 builds on Antalpha's pilot program earlier this year when it acquired $20M of Tether Gold. In early October, we announced a collaboration with Tether to launch Antalpha RWA Hub to increase access to Tether Gold. The $43 million PIPE lead investment in Aurelion Treasury represents the next phase of Reserve 2.0: scaling Antalpha's Tether Gold reserve with institutional infrastructure, governance and transparency. Antalpha invested approximately $43M in Aurelion's approximately $100M PIPE, along with accredited investors, including Kiara Capital for $6 million and Tether for $15M. Following this transaction, Antalpha holds a stake of approximately 32.4% and Kiara Capital holds a stake of approximately 8.6% in Aurelion, based on the Company's outstanding shares and assuming no exercise of PIPE warrants. With plans to continue fundraising to purchase additional Tether Gold, Aurelion believes its concentrated shareholding can provide more stability and ensure smoother operations.