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Nasdaq-listed company Aurelion purchased $134 million in Tether Gold (XAUT)
Golden Finance reports that NASDAQ-listed company Prestige Wealth (soon to be renamed Aurelion) announced the acquisition of Tether Gold (XAUT) for $134 million. This acquisition was made after completing a $150 million financing led by Antalpha. Aurelion purchased 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.