Prestige Wealth Inc. Signs and Closes Approximately $150 Million Financing for Aurelion Treasury

Launch of Nasdaq's first Tether Gold Treasury

Prestige Wealth Inc. (NASDAQ: PWM) plans to change its name to Aurelion Inc. (NASDAQ: AURE) (pending approval)

Antalpha (NASDAQ: ANTA) leads $150 million financing round

Financing includes $100 million in private placement and $50 million in senior debt financing

Björn Schmidtke to become Chief Executive Officer

HONG KONG, Oct. 10, 2025 /PRNewswire/ -- Prestige Wealth Inc. (NASDAQ: PWM; AURE) (the "Company" or "Aurelion") today announced that it has entered into and completed a series of synergistic transactions to launch Nasdaq's first Tether Gold (XAU₮) treasury.

These transactions included approximately $100 million in PIPE financing (the "PIPE") with participation from lead investor Antalpha Platform Holding Company (NASDAQ: ANTA) ("Antalpha") and other accredited investors, including TG Commodities SA de CV ("Tether") and Kiara Capital Holding Limited ("Kiara Capital"), an investment from Antalpha's management team, as well as a three-year, $50 million senior debt financing (the "Debt Financing"). The Company intends to use the majority of the net proceeds to acquire Tether Gold ("XAU₮") for use as a reserve asset in its treasury.

Subject to approvals, the Company (NASDAQ: PWM) expects to change its name to "Aurelion Inc." and begin trading under the new ticker symbol (NASDAQ: AURE) on Monday, October 13, 2025.

“I am a long-term Bitcoin bull and believe we need a stablecoin that is inflation-proof and stable enough to be used to pay for everyday necessities like electricity bills. Some describe Bitcoin as digital gold; I believe Tether Gold (XAU₮), a redeemable stablecoin backed by gold, is the true digital gold,” said Björn Schmidtke, CEO of Aurelion and a veteran Bitcoin miner.

“With the Aurelion Treasury, we are setting a new standard: a publicly listed, fully backed, digital reserve of gold that is verifiable daily on-chain. In a world where money flows digitally and markets are constantly volatile, having a foundation of real value in the form of tokenized gold provides certainty for individuals and institutions. This is not about yield or finance: this is about redefining how real wealth is held, transferred, and stored in the digital age,” continued Mr. Schmidtke.

“We are excited to partner with Tether, the world’s largest stablecoin company, to expand the trusted digital gold ecosystem. When people can walk into a jewelry store and exchange Tether Gold (XAU₮) for a gold bar, digital assets will become more accessible. We hope to provide new features and services like this through the Antalpha Real World Asset Hub (Antalpha RWA Hub) to increase Tether Gold (XAU₮) liquidity and product offerings,” said Paul Liang, CFO of Antalpha, Aurelion’s parent company.

“Building on Antalpha’s real-world asset hub, we are excited to lead the development of the Aurelion Treasury – Nasdaq’s first pure-play Tether Gold (XAU₮) treasury, designed to increase access to tokenized gold, which is strategically important in the digital asset world. Individuals and institutions alike need a safe haven to protect against inflation, currency debasement, and cryptocurrency volatility. As a leading digital asset financing platform, Antalpha shares a common interest with other leading digital asset companies in strengthening our balance sheet by holding significant gold reserves in Tether Gold (XAU₮) to enhance collateral resiliency,” added Mr. Liang.

Transaction Highlights

• The $100 million PIPE financing (consisting of cash and USDT contributions) attracted investors to purchase approximately 278 million units, each of which consisted of (i) one share of Class A common stock, Class B common stock, or a prepaid warrant to purchase one share of common stock at a price of $0.36 per share (the "Share Purchase Price"), and (ii) two warrants, of which a) one warrant was exercisable for 0.5 of a share of Class A or Class B common stock at an exercise price of 130% of the Share Purchase Price and b) the other warrant was exercisable for 0.5 of a share of Class A or Class B common stock at an exercise price of 150% of the Share Purchase Price. The warrants to purchase Class A common stock are immediately exercisable.


• The Aurelion Treasury’s PIPE financing included approximately $43 million in capital from lead investor Antalpha, along with $6 million from other accredited investors including Kiara Capital and $15 million from Tether.


• Total proceeds are approximately $290 million, consisting of $50 million in debt financing proceeds, approximately $100 million in PIPE financing proceeds, and $140 million in proceeds upon full exercise of the warrants issued in the PIPE. Of this, $280 million is expected to be used to purchase Tether Gold (XAU₮).


• The $50 million debt financing will be secured by a first-priority perfected lien on $67 million of Tether Gold (XAU₮) held by the Company, which will be held in a controlled account.


• The debt financing matures 36 months after the capital injection and the company can repay it early at any time without paying any additional fees or penalties.


• The annual interest rate is 6%, compounded monthly. This term loan can be extended by mutual agreement.

Why Aurelion

• The PIPE transaction, led by Antalpha, establishes Aurelion as Nasdaq’s first pure-play Tether Gold (XAU₮) treasury, providing yield, transparency, regulatory compliance, and daily on-chain verification.


• Aurelion combines the security of physical gold with the efficiency of blockchain to create a yield-generating digital treasury.


• The market size of digital gold has exceeded US$200 billion, mainly in the form of ETFs, and currently only about 1% of it is on the blockchain.


• The company believes there is strong demand for gold on the blockchain as a buffer against inflation and cryptocurrency volatility.


• Unlike traditional gold investments such as gold ETFs and gold bars, which often come with expense ratios, custody fees and potentially high transaction costs, Aurelion plans to generate leveraged returns through debt financing and create income from its uncollateralized gold holdings.


• Aurelion plans to provide its non-collateralized gold holdings to Antalpha as collateral to generate an annualized yield of 50-100 basis points.


• Antalpha will bear all default risks arising from the use of this collateral to provide loans to its end customers.

Investor confidence

• Lead investor Antalpha provides the liquidity infrastructure and solid foundation upon which to build the Tether Gold (XAU₮) treasury.


• Aurelion plans to launch a digital treasury dashboard that will provide updates on Tether Gold (XAU₮) holdings, net asset value (NAV), and treasury metrics.

Leadership Renewal

The company will be led by experienced individuals:

• CEO: Björn Schmidtke, Chairman and Co-founder of Penguin Group, a leading Bitcoin mining company in South America, and formerly of McKinsey, joins the company as CEO. Björn is a strong believer in tokenized gold and plans to leverage his community influence to better educate the world about the importance of Tether Gold (XAU₮) for both cryptocurrency and fiat stablecoin holders.


• Management Changes: Effective upon closing, the following management changes will ensure smooth business continuity: Kazuho Komoda will resign as Chief Executive Officer and member of the Board of Directors; Zimuyin Jiang will transition from Chief Financial Officer to Chief Accounting Officer; and Wei Gao will transition from Chief Technology Officer to Head of Private Wealth Management.


• Board of Directors: Upon closing of the transaction, Antalpha will have the right to nominate two directors to the Company's board of directors.


• Strategic Advisory Committee: A Strategic Advisory Committee has been established to advise the Board on the strategic direction of the company's treasury, including Rohan Chauhan, Gemini's Director of Strategy.

consultant

• Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, served as exclusive advisor to Antalpha and the Company’s exclusive placement agent.


• Loeb & Loeb LLP served as legal counsel to the Company. Reed Smith LLP served as legal counsel to Antalpha.


• Ogier served as Cayman Islands legal counsel to the Company.


• Morgan Lewis served as legal advisor to Cohen & Company Capital Markets.

About Aurelion

Aurelion is Nasdaq's first Tether Gold (XAU₮) treasury. Combining the stability of physical gold with the efficiency of blockchain, it provides investors with a tokenized gold reserve that serves as a safe haven against inflation, currency devaluation, and cryptocurrency volatility. Aurelion will also continue its wealth management and asset management services.

About Tether Gold (XAU₮)

Tether Gold (XAU₮) is a digital asset offered by TG Commodities SA de CV. One full XAU₮ token represents one troy ounce of a London Good Delivery gold bar. XAU₮ operates as an ERC-20 token on the Ethereum blockchain, allowing for easy trading and transfer around the clock. The gold underlying XAU₮ is identifiable by a unique serial number, purity, and weight, and is redeemable.

About Antalpha RWA Hub

Antalpha RWA Hub is Antalpha’s dedicated real-world asset (RWA) infrastructure platform, currently focused on providing liquidity and services for gold-based real-world assets.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements in this press release, other than statements of historical fact, are "forward-looking statements." These statements may be identified by words such as "anticipate," "aspire," "intend," "plan," "offer," "goal," "objective," "potential," "seek," "believe," "project," "estimate," "expect," "forecast," "assume," "strategy," "target," "trend," "future," "may," "might," "should," "could," "will," and variations thereof, or similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these words. Forward-looking statements in this press release include statements regarding the expected use of proceeds from the transaction, the implementation of the company's Tether Gold (XAU₮) treasury strategy, and the potential value to shareholders. These forward-looking statements are based on the company's expectations and assumptions as of the date of this press release. These statements are neither historical facts nor guarantees of future performance. Instead, they are based on current beliefs, expectations, and assumptions regarding the future of the relevant business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Each forward-looking statement involves risks and uncertainties that could cause the Company's future results or performance to differ materially from those expressed or implied by the forward-looking statements. Many factors could cause current expectations to differ from actual results, including: the impact of macroeconomic conditions, high inflation, and uncertain credit and financial markets on the Company's business and financial condition; changes in anticipated or existing competition; changes in the regulatory environment; unexpected litigation or other disputes; risks associated with the new XAU₮ treasury program; the risk that the Company's stock price may be highly correlated with the price of XAU₮ held by it; risks associated with the significant legal, business, regulatory, and technological uncertainties generally associated with digital assets; risks associated with the U.S. and foreign tax treatment of crypto assets; and general market, political, and economic conditions in the countries in which the Company operates. Additional factors that could cause the Company's actual results to differ from those expressed or implied by the forward-looking statements in this press release are described under the caption "Risk Factors" in the Company's Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on February 13, 2025, and in Exhibits 10.1 and 10.2 to the Sample Subscription Agreement filed with the SEC on Form 6-K on October 10, 2025, and in other future filings with the SEC by the Company. The Company expressly disclaims any obligation to update any forward-looking statements contained herein, whether as a result of new information, future events, changed circumstances or otherwise, except as required by law.

Important Information

The securities described above are being offered and sold in a private placement pursuant to an exemption from the registration requirements of Section 4(a)(2) of the Securities Act of 1933, as amended (the "Securities Act") and/or Regulation D thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold within the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and relevant state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.