PANews reported on October 10th that, according to Globenewswire, Prestige Wealth Inc. (NASDAQ: PWM; AURE) announced that it has participated in and completed a series of synergistic transactions to launch Nasdaq's first Tether Gold (XAUT) treasury. These transactions include approximately $100 million in private equity investment (PIPE) financing from Antalpha Platform Holding Company and other accredited investors, including Tether and Kiara Capital, as well as a three-year, $50 million senior debt financing. The company intends to use the majority of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. Subject to obtaining relevant approvals, the company expects to change its name to "Aurelion Inc." and trade under the new ticker symbol (AURE) starting October 13, 2025.

The Aurelion Treasury PIPE reportedly included approximately $43 million in subscriptions from cornerstone investor Antalpha, as well as $6 million from other qualified investors, including Kiara Capital and $15 million from Tether. Total proceeds were approximately $290 million, comprised of $50 million in proceeds from the facility, approximately $100 million from the PIPE, and $140 million upon full exercise of warrants issued in the PIPE, of which $280 million is expected to be used to purchase Tether Gold (XAU₮).