Prestige Wealth Raises $150 Million To Back Treasury With Tether Gold
Hong Kong-based wealth management and advisory firm Prestige Wealth Inc. (NASDAQ:PWM) has signed and closed approximately $150 million in financing for its Aurelion Treasury initiative, which it says will establish the first Tether Gold-backed treasury by a NASDAQ-listed company.
The latest move merges the security of gold with the efficiency of blockchain-based assets.
The Funding Details
The deal includes about $100 million in PIPE (private investment in public equity), which is to come mainly from Antalpha Platform Holding Company (NASDAQ:ANTA). Other investors include Tether Group and Kiara Capital Holding Limited. The agreement also has a three-year $50 million senior debt facility.
“This partnership is more than financial partnership, it’s a bridge between the traditional capital markets and …
About The Author
