Antalpha Converts Nasdaq Shell into $150M Treasury for Tether Gold

Antalpha’s subsidiary Prestige Wealth acquires $134 million worth of Tether Gold as part of its Antalpha Reserve 2.0 plan, with plans to rebrand as Aurelion Inc.

XAUT

Summary

Nasdaq-listed Antalpha revealed its subsidiary, Prestige Wealth, purchased $134 million in Tether Gold (XAUT) at $4,021.81 per unit. This acquisition is part of Antalpha’s Antalpha Reserve 2.0 initiative, and the company also announced plans to rebrand as Aurelion Inc. pending routine approvals.

Terms & Concepts
  • Tether Gold: A digital token backed by physical gold, issued by Tether, representing ownership of gold stored in secure vaults.
  • Blockchain-Verified Bullion: Gold whose ownership and authenticity are recorded and validated on a blockchain network, ensuring transparent and tamper-proof records.