Nasdaq-listed firm Aurelion has become the first company on the exchange to exclusively hold its treasury in tokenized gold, acquiring USD $134 million worth of Tether Gold (XAUT).
The move positions Aurelion as a pioneer in corporate treasury management, leveraging digital assets backed by physical commodities. Each XAUT token represents one troy ounce of physical gold stored in Swiss vaults.
Aurelion’s CEO, Björn Schmidtke, stated the company is “redefining what a modern digital treasury can be.” He highlighted the combination of physical gold’s stability with blockchain’s efficiency and transparency. This structure allows for daily on-chain verification and regulatory compliance.
The acquisition comes as gold prices have surged to historic highs, recently exceeding USD $4,100 per ounce. The precious metal has seen an increase of over 57% year-to-date, a rally comparable to the boom of the late 1970s.
Aurelion purchased the digital gold from Tether at an average price of USD $4,021.81 per token. The underlying physical gold is fully redeemable for bars certified by the London Bullion Market Association.
Tether Gold, launched in 2020, has accumulated approximately seven tonnes of physical gold backing, establishing itself as a robust tokenized asset.
Formerly known as Prestige Wealth, the company began trading under the ticker AURE this week and plans to officially adopt the Aurelion name pending regulatory approval.
The USD $134 million purchase followed a recent financing round totaling approximately USD $150 million. This included a USD $100 million Private Investment in Public Equity and a USD $50 million three-year credit line.
Key investors in the financing included Antalpha, a digital asset institutional financing firm, which contributed USD $43 million and acquired a majority voting stake. Antalpha had previously made a USD $20 million pilot purchase of Tether Gold earlier in the year.
Tether Investments also participated with a USD $15 million investment, alongside Kiara Capital, which contributed USD $6 million.
The rise of tokenized finance and record gold prices are driving companies and funds to explore hybrid assets. These assets combine tangible backing with digital liquidity. Aurelion aims to serve as a model for how corporations can optimize capital management and risk exposure through asset tokenization.