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Prestige Wealth Inc. (PWM) is a company that provides wealth management and asset management services, primarily serving high-net-worth and ultra-high-net-worth individuals in China.
Prestige Wealth Inc. has rebranded to Aurelion Inc. and is now trading on Nasdaq under the ticker NASDAQ:AURE. This change follows a $100 million PIPE transaction and a $50 million debt facility, which allowed the company to acquire $134 million of Tether Gold, positioning itself as a "Tether Gold Real World Asset (RWA) company." Aurelion plans to focus on tokenized gold business opportunities while continuing its wealth and asset management services.
Aurelion Inc. (NASDAQ: AURE), formerly Prestige Wealth Inc. (NASDAQ: PWM), has completed its renaming, with its Class A ordinary shares now trading under the new name. This change follows a $100 million PIPE investment and a US$50 million debt facility which enabled Aurelion to acquire $134 million of Tether Gold, positioning it as a Tether Gold Real World Asset company focused on tokenized gold business opportunities and wealth management services.
Prestige Wealth Inc. shareholders have approved a conditional share consolidation and the company's rebranding to Aurelion Inc., effective November 20, 2025. The consolidation could see each one hundred shares combine into one, or a lesser whole-share ratio not less than two, at the board's discretion, and will also involve an increase in authorized share capital and the adoption of a new incentive plan. The changes are structural and branding-related, with the practical effects depending on future board decisions.
Antalpha, a fintech firm, has acquired $134 million in Tether Gold (XAU₮) through its Nasdaq-listed subsidiary Prestige Wealth (soon to be Aurelion, NASDAQ: AURE) as part of its "Reserve 2.0" initiative. This move aims to establish Aurelion as Nasdaq's first treasury backed by tokenized gold, setting a precedent for integrating digital assets into corporate finance. The transaction strengthens Antalpha's ties with Tether and highlights the growing institutional adoption of tokenized real-world assets.
Prestige Wealth Inc. announced it has secured approximately $150 million in financing, including $100 million in PIPE financing led by Antalpha Platform Holding Company and $50 million in senior debt, to launch the first Tether Gold (XAU₮) treasury on Nasdaq. The company, which expects to rebrand as "Aurelion Inc." and trade under NASDAQ: AURE, plans to use most of the proceeds to acquire XAU₮, establishing a publicly listed, fully backed, and verifiable on-chain gold digital reserve. This initiative aims to provide a stable, inflation-resistant asset in a volatile digital economy, leveraging tokenized gold for wealth preservation and new functionalities through the Antalpha Real World Asset Hub.
Prestige Wealth Inc. has sold its asset management subsidiaries to refocus on its core business of technology-driven wealth management. This strategic move aims to enhance market positioning and operational focus, despite Spark, TipRanks' AI Analyst, rating PWM as "Underperform" due to financial instability and weak technical indicators. The company, which operates in the wealth management industry, finalized the share purchase agreement on June 25, 2025.
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