Investing.com — Antalpha Platform Holding Ltd (NASDAQ:ANTA) stock gained 5.9% in premarket trading Friday after the digital asset financing platform announced a $43 million investment in Prestige Wealth Inc. (NASDAQ:PWM).
The investment gives Antalpha a 32.4% stake and approximately 73.1% of the voting rights in Prestige Wealth , which will be renamed Aurelion Inc. and trade under the ticker NASDAQ:AURE starting October 13, 2025. The transaction is part of a larger $100 million private investment in public equity (PIPE) that includes participation from Tether and Kiara Capital.
Antalpha’s investment represents the next phase of its Reserve 2.0 strategy, which aims to scale its Tether Gold (XAU₮) reserve with institutional infrastructure and transparency. The company views tokenized gold as a strategic asset that provides a hedge against inflation, fiat currency devaluation, and crypto volatility.
“We are excited to collaborate with Tether, the largest stablecoin company in the world, to expand the trusted digital gold ecosystem,” said Paul Liang, CFO of Antalpha. “As a leading digital asset financing platform, Antalpha has common interest to fortify our own balance sheet with a significant gold reserve through Tether Gold (XAU₮) to improve collateral resilience.”
Prestige Wealth, soon to be Aurelion, plans to use the majority of the proceeds to fund the acquisition of Tether Gold as its treasury reserve asset, positioning itself as the first pure-play NASDAQ-listed Tether Gold treasury. The company also secured a 3-year $50 million senior debt facility as part of the transaction.
The digital gold market currently has a market capitalization over $200 billion, with only about 1% on blockchain technology, presenting a significant growth opportunity for tokenized gold solutions.
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