Prestige Wealth, a US-listed company, has completed approximately US$150 million in financing to launch XAUT Treasury.

Nasdaq-listed Prestige Wealth Inc. announced that it has participated in and completed a series of synergistic transactions to launch Nasdaq's first Tether Gold (XAUT) treasury. These transactions included approximately $100 million in private equity investment (PIPE) financing from Antalpha Platform Holding Company and other accredited investors, including Tether and Kiara Capital, as well as a three-year, $50 million senior debt financing. The company intends to use the majority of the net proceeds to purchase Tether Gold (XAUT) as a reserve asset. (Globenewswire)