Nasdaq-listed company Aurelion purchases $134 million worth of Tether Gold (XAUT)

Jinse Finance reported that Nasdaq-listed company Prestige Wealth (soon to be renamed Aurelion) announced the purchase of Tether Gold (XAUT) worth $134 million. This acquisition was made after completing a $150 million financing round led by Antalpha. Aurelion purchased the tokens at an average price of $4,021.81 per XAUT. Each XAUT represents one ounce of physical gold and can be redeemed for LBMA-standard gold bars stored in Switzerland. Since its launch in 2020, Tether Gold has accumulated approximately 7 tons of physical gold reserves.