# Antalpha Leads $150M Aurelion Financing Round to Establish Tether XAUT Gold Treasury

*Author: Bankless*
*Published: Oct 10, 2025*
*Source: https://www.bankless.com/read/news/antalpha-leads-150m-aurelion-financing-round-to-establish-tether-xaut-gold-treasury*

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Fintech company Antalpha has led a $150M financing round — including a $100M private placement and $50M debt facility — to launch Aurelion Treasury, a new Nasdaq-listed entity holding its reserves in Tether Gold (XAUT).

### What’s the Scoop?
- **First-of-Its-Kind Treasury:** Aurelion becomes the first Nasdaq-listed company to reserve its treasury with tokenized gold. Each XAUT token represents one troy ounce of gold redeemable for LBMA-standard bullion stored in Switzerland, with about seven tons currently backing the supply.
- **Deal Structure:** Antalpha invested $43M as lead, gaining 32.4% of Aurelion’s equity and 73.1% of its voting rights. Other investors included Tether’s issuing entity TG Commodities, which contributed $15M, and Kiara Capital with $6M.
- **Strategic Alignment:** The financing is intended to expand collaboration between Antalpha and Tether following the launch of Antalpha’s RWA Hub, which aims to increase institutional access to tokenized real-world assets.
- **Gold’s Breakout Rally:** Gold has surged over 50% year-to-date, surpassing $4,000 per ounce — its strongest annual performance since the 1970s — as investors seek hedges against inflation, fiat devaluation, and crypto volatility.

> Today, we begin a new chapter - Aurelion (NASDAQ: [$AURE](https://twitter.com/search?q=%24AURE&src=ctag&ref_src=twsrc%5Etfw)) is born.We've officially closed an ~$150M financing round to launch NASDAQ's first Tether Gold ($XAU₮) treasury. We combine the stability of physical gold with the efficiency of blockchain, providing investors access to…— Aurelion Global (@AurelionGlobal) [October 10, 2025](https://twitter.com/AurelionGlobal/status/1976622918902915580?ref_src=twsrc%5Etfw)
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