A new name is joining Wall Street’s growing digital asset movement. Prestige Wealth, a Nasdaq-listed financial services firm, is rebranding to Aurelion Treasury as it prepares to introduce the exchange’s first-ever corporate treasury backed by Tether Gold (XAUT).

The transformation follows a $150 million funding package, including a $100 million private investment led by Antalpha Platform Holding Company – with participation from Tether’s TG Commodities – and an additional $50 million credit line from Antalpha Management. The company said the capital will primarily be used to acquire Tether Gold, positioning it as Aurelion’s main reserve asset.

Aurelion’s CEO, Björn Schmidtke, said the firm sees XAUT as a bridge between traditional wealth protection and digital innovation. He called the token “real digital gold,” noting that its stability makes it suitable for everyday transactions in an inflationary economy.

Digital Gold for Wall Street

Aurelion’s model will allow investors to gain exposure to tokenized gold reserves through a listed U.S. company – a first for Nasdaq. Over time, the firm plans to expand XAUT’s convertibility, enabling physical redemption in partnership with Tether’s existing infrastructure.

Paul Liang, CFO of Antalpha, said this could reshape how investors view tokenized assets: “When a digital token can be exchanged for a gold bar, it changes the perception of what digital assets can represent.”

The announcement triggered a strong market response, sending Prestige Wealth’s shares (PWM) up 19% on Friday, though the stock remains far below its IPO level. Pending regulatory clearance, the new ticker symbol AURE is expected to go live on Nasdaq next week.

With its rebrand, Aurelion becomes the first publicly traded company to anchor its balance sheet in Tether Gold – a sign that precious metal reserves and blockchain finance may be converging faster than many expected.