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Antalpha Leads $43 Million PIPE to Gain Control of Prestige Wealth

Antalpha Leads $43 Million PIPE to Gain Control of Prestige Wealth

As part of its Antalpha Reserve 2.0 plan, Antalpha’s subsidiary, Prestige Wealth, purchases $134 million in Tether Gold and plans to rebrand as Aurelion Inc. pending approvals.

XAUT

Fact Check
Multiple credible sources, including a direct press release from Antalpha, confirm that Antalpha led a private investment in public equity (PIPE) with a $43 million investment into Prestige Wealth. The evidence explicitly states this investment secured controlling voting rights (specifically 73.1% as mentioned in one source) for Antalpha. The investment is noted as the anchor/lead part of a larger financing round.
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Summary

Nasdaq-listed Antalpha revealed its subsidiary Prestige Wealth’s acquisition of $134 million worth of Tether Gold (XAUT), purchasing at $4,021.81 per unit. This acquisition is part of Antalpha’s broader Antalpha Reserve 2.0 initiative. Additionally, Antalpha plans to rebrand Prestige Wealth as Aurelion Inc. upon receiving necessary approvals.

Terms & Concepts
  • Tether Gold (XAUT): A tokenized form of gold backed 1:1 by physical gold, issued by Tether, allowing investors to hold and trade gold digitally.