Aurelion Inc. (NASDAQ: AURE) cleared breakeven early Wednesday, shortly after announcing the completion of its renaming from Prestige Wealth Inc. (previously traded under NASDAQ: PWM). Beginning November 26, the Company's Class A ordinary shares will trade on the NASDAQ under its new name "Aurelion Inc."
The name change followed the Company's completion of a $100 million PIPE anchored by Antalpha Platform Holding Company (NASDAQ: ANTA), which along with a US$50 million senior debt facility enabled Aurelion to purchase $134 million of Tether Gold (XAU?) and become a Tether Gold Real World Asset (RWA) company. Aurelion plans to focus on business opportunities arising from the growth of tokenized gold.
Aurelion is NASDAQ's first Tether Gold (XAU?) RWA company focused on developing a business around tokenized gold. XAU? combines the stability of physical gold with the efficiency of blockchain, providing investors access to tokenized gold reserve that could serve as a safe haven to inflation, currency devaluation and crypto volatility. In parallel to building a business around the development of tokenized gold, Aurelion provides wealth management and asset management services.
AURE shares began the last trading day before the Thanksgiving long weekend up 1.5 cents, or 3%, to 51 cents.
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