“Nasdaq’s Aurelion Treasury Launches Tether Gold-Backed Corporate Treasury in $150 Million Financing Round”

📰 DMK AI Summary

Aurelion Treasury, formerly known as Prestige Wealth, has launched Nasdaq’s first Tether Gold-backed corporate treasury through a $150 million financing round. The company secured funding from investors like Antalpha Platform Holding Company and TG Commodities S.A. de C.V. to acquire Tether Gold tokens as its primary reserve asset. CEO Björn Schmidtke views Tether’s XAUT as a stablecoin that can combat inflation and be used for daily transactions.

Meanwhile, Aurelion’s move positions it as the inaugural Nasdaq-listed treasury to hold Tether Gold in reserve, aiming to eventually make XAUT redeemable for physical gold. The company’s stock price surged by 19% following the announcement of the pivot to a Tether gold treasury, although it remains considerably below its launch value.

💬 DMK Insight

Aurelion Treasury’s launch of Nasdaq’s first Tether Gold-backed corporate treasury signals a growing trend of Wall Street companies exploring digital asset offerings. By embracing XAUT as a stablecoin with potential for everyday use, the move reflects a strategic shift towards integrating tokenized assets with tangible commodities.

🧾 Editorial Note

This article was automatically summarized and analyzed by DMK News Bot’s AI System, using publicly available data and verified financial updates.