Nasdaq-listed company Aurelion purchases $134 million Tether Gold (XAUT)
ChainCatcher news, Nasdaq-listed company Prestige Wealth (soon to be renamed Aurelion) announced the purchase of Tether Gold (XAUT) for $134 million, which was made after completing a $150 million financing led by Antalpha.Aurelion acquired the tokens at an average price of $4,021.81 per XAUT. XAUT represents one ounce of physical gold per token, which 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.