Prestige Wealth (PWM) said it has closed a $ 150 million financing round to launch a digital asset that Treasury focused on The gold supported tokens of the stableecoin giant.
The funding includes a private ranking of $ 100 million led by Number (ANTA), a prominent financing company in Bitcoin mining, which and $ 50 million in senior debt, according to a message Friday.
Backmen also include Tether and Kiara Capital.
Most of this capital will be used to acquire tokenized gold reserves for the purpose of building a publicly verifiable, blockchain-native treasury. The company will redirect to Aurelion pending approvals and will start shopping under Aure Ticker on Monday.
The stock spiked 35% pre-market after the news before giving back most of the winnings in the early minutes of the session. The announcement followed Bloomberg’s report last week about Number and Tether, who were looking to support a tokenized gold cat company.
Tether Gold is a stableecoin tied to physical gold, redeemable and traceable on-chain. Aurelion said it will contain these reserves in a transparent and auditual structure that offers an alternative to conventional reserves such as cash or Fiat stableCoins.
The new Aurelion CEO Björn Schmidtke, who co -founded Paraguayan Bitcoin Miner Penguin Group, said the move reflects a shift against digital assets supported by the real world.
“In a world where money is moving digitally, and market volatility remains real, it has a foundation of real value in tokenized gold people and institutions,” he said in the statement.
“Some people describe BTC as digital gold. I see Tether Gold, an redeemable stableecoin supported by gold, as the real digital gold.”
The company said it will aim to generate a modest yield by giving effortless gold stocks through Number while it keeps some locked as security.
The company’s board of directors and management have been reshaped after the transaction, where Numberha got two board seats and formed a strategic advisory committee, including Geminis Rohan Chauhan.
