Antalpha Invests $134M in Tether Gold (XAUT)
Antalpha’s Prestige Wealth buys $134M in Tether Gold and plans to rebrand as Aurelion Inc.
- Prestige Wealth acquires $134M in Tether Gold (XAUT)
- Purchase price set at $4,021.81 per token
- Company plans to rebrand as Aurelion Inc.
Nasdaq-listed financial firm Antalpha has made a bold move into digital assets through its subsidiary, Prestige Wealth, by purchasing $134 million worth of tokenized gold in the form of Tether Gold (XAUT). This strategic acquisition marks one of the most substantial institutional investments into XAUT to date.
Each XAUT token, representing one troy ounce of physical gold stored in a Swiss vault, was acquired at $4,021.81 per unit, signaling a premium bet on the long-term value of both gold and its tokenized form.
Tether Gold has gained popularity for blending the stability of gold with the ease and speed of blockchain transactions, making it attractive to investors seeking inflation-resistant assets without the storage and transport hassles of physical bullion.
Rebranding to Aurelion Inc.
In a further development, Antalpha is planning a name change to “Aurelion Inc.”, subject to standard regulatory approvals. The name “Aurelion” appears to be a nod to gold (aurum), reflecting the company’s growing interest in precious metals and blockchain-powered financial solutions.
This rebranding effort hints at a broader strategic pivot, potentially signaling future investments or innovations around digitized commodities and decentralized finance (DeFi).
Institutional Interest in Tokenized Assets Grows
Prestige Wealth’s significant purchase reinforces the rising institutional interest in tokenized assets, especially those that combine traditional value like gold with blockchain infrastructure. As traditional finance begins to intersect more deeply with Web3 technologies, moves like this could pave the way for greater adoption and innovation in the crypto-commodities space.
With more firms looking to hedge against market volatility and inflation, tokenized gold such as Tether Gold might become a preferred asset in diversified portfolios.
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