PWM Rise up 20%:Secures Investment from Stablecoin Giants Tether & ANTA
According to the company, $Prestige Wealth Inc.(PWM)$ has secured investment from stablecoin giant Tether, making it the first publicly listed digital gold stablecoin treasury. Major investors in this financing round also include $Antalpha Platform Holding Company(ANTA)$ , a close strategic partner of Bitmain, and Kiara Capital Holding Limited.
The company will change its name to Aurelion Inc. and its stock ticker from "PWM" to "AURE" on October 13th.
$Prestige Wealth Inc.(PWM)$ stated that the total financing round will be capped at $150 million, structured as follows:
- $100 million PIPE
- $50 million in senior debt financing
On October 10th, EST, $Prestige Wealth Inc.(PWM)$ reached an intraday high of +%, with significant trading volume.
The majority of the funds will be used to purchase Tether Gold ("XAU₮") as a reserve asset for the company's treasury, aiming to establish the world's first publicly listed digital gold stablecoin treasury.
As a cornerstone investor, Tether's first injection of its own gold token into the listed entity means:
It creates sustained, public buying for XAUt, reducing selling pressure and increasing its premium potential;
It allows traditional investors to indirectly hold "on-chain gold" through their US stock accounts, providing a compliant capital entry point;
Tether can leverage PWM (AURE) financial disclosures to make its gold reserves transparent and address regulatory concerns without having to list itself;
If the model is successful, Tether can replicate its gold reserves with Bitcoin or other RWA assets, forming a "multi-currency treasury" matrix.
With Tether's $500 billion valuation and its status as a "shadow central bank," this investment will not only provide long-term demand support for XAUt, but also make $PMW a "gold version of $Strategy(MSTR)$ "—its stock price is linked to XAUt's net asset value plus a premium factor, combining the valuation logic of precious metals' safe haven and crypto liquidity premium.
Tether's investment demonstrates its ambition to promote digital gold as a mainstream reserve asset. This could be a significant step in deepening the partnership between Tether and the company. Tether may invest more in the company in the future.
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