TLDR
- Tether Gold Treasury completed a $134 million purchase of Tether Gold (XAU₮) at $4,021 per unit.
- Aurelion secured $150 million in financing with Antalpha acquiring controlling voting rights.
- Tether and Antalpha aim to expand the digital gold ecosystem and increase liquidity.
- Aurelion will retain its asset management operations and hold only Tether Gold as its treasury reserve.
- Antalpha will use Tether Gold-backed loans through its Prime platform to scale its operations.
Nasdaq-listed Tether Gold Treasury, a subsidiary of Antalpha, has finalized the purchase of $134 million in Tether Gold (XAU₮). The acquisition was made at a price of $4,021 per XAU₮. This move strengthens the company’s commitment to expanding its tokenized gold holdings.
Aurelion’s $150 Million Financing Secures Antalpha Control
Aurelion Inc., previously known as the Tether Gold treasury, completed a $150 million financing last week. This included $100 million in PIPE proceeds and a $50 million senior debt facility. Antalpha Platform Holding Company led the financing, acquiring controlling voting rights with a $43 million PIPE investment.
Björn Schmidtke, CEO of Aurelion, stated, “This marks a defining milestone for Aurelion and tokenized gold adoption.” The financing positions Aurelion to lead in offering gold-backed digital assets on the blockchain.
Tether Partners with Antalpha to Expand Digital Gold Ecosystem
Antalpha’s partnership with Tether aims to expand the digital gold ecosystem. Tether acquired an 8.1% stake in Antalpha through a $200 million joint effort. This partnership also aims to raise awareness of Tether Gold as a safe and transparent asset.
Paul Liang, Antalpha’s CFO, expressed excitement about the collaboration, stating, “Tether Gold will bring digital assets to a broader market.” The partnership will enhance liquidity and offer new products, including gold-backed loans.
The collaboration is expected to unlock new opportunities for institutions and the general public. Tether and Antalpha aim to make digital gold accessible, providing stability and confidence in an increasingly digital financial landscape.
Aurelion will retain its asset management operations, holding Tether Gold as its only treasury reserve. The company is committed to maintaining transparency and discipline in managing its gold holdings. Through its collaboration with Antalpha, Aurelion aims to improve collateral resilience and preserve liquidity.
Aurelion will lend unencumbered Tether Gold to Antalpha. Antalpha will then provide Tether Gold-backed loans through its Prime platform. This arrangement enables Antalpha to scale its operations while maintaining a strong balance sheet.
