Antalpha Buys $134 Million in Tokenized Gold to Anchor Reserve 2.0 Strategy
Antalpha, a Hong Kong-based fintech firm specializing in blockchain finance, has made a significant move in the tokenized asset space with a $134 million purchase of Tether Gold (XAU₮). The transaction, completed through its Nasdaq-listed subsidiary Prestige Wealth—soon to be renamed Aurelion (NASDAQ: AURE)—marks one of the largest institutional acquisitions of tokenized gold to date.
The deal, announced on October 14, 2025, is part of Antalpha’s “Reserve 2.0” initiative, an ambitious plan to integrate blockchain-based assets into traditional financial reserves. The company said the purchase will assist establish Aurelion as Nasdaq’s first treasury backed by tokenized gold, setting a precedent for how digital assets can be incorporated into corporate finance.
Strengthening ties with Tether
The purchase comes amid Antalpha’s deepening collaboration with Tether, the issuer of USDT and Tether Gold. Aurelion reportedly bought the XAU₮ tokens at an average price of around $4,021 to $4,022 per ounce. This acquisition follows Aurelion’s recent $150 million financing round—comprising approximately $100 million in private investment in public equity (PIPE) and $50 million in debt funding.
Antalpha contributed $43 million to the PIPE, securing a controlling voting stake in Aurelion and expanding its strategic influence. Under the terms of the agreement, Aurelion may lend unencumbered XAUâ‚® holdings to Antalpha as collateral. In platform, Aurelion will receive a technology service fee while Antalpha assumes any credit or default risk tied to the assets.
The structure underscores a growing trend among institutional investors to use tokenized real-world assets (RWAs) as flexible, on-chain collateral within financial ecosystems.
Institutional adoption of tokenized gold gains momentum
The deal also reflects Antalpha’s confidence in tokenized gold as a stable, transparent alternative to conventional reserve assets. Earlier this year, the firm and Tether reportedly explored raising up to $200 million to build a tokenized gold treasury, signaling strong institutional appetite for blockchain-integrated commodities.
Tether Gold (XAU₮) represents digital ownership of physical gold stored in Switzerland, blending the time-tested value of gold with blockchain’s transparency and transferability. As the broader financial sector experiments with digital treasuries and tokenized collateral, the Antalpha–Tether partnership could serve as a model for how traditional finance and blockchain infrastructure converge.
Analysts say the move positions Antalpha as a frontrunner in the tokenized reserve asset market, assisting bridge the gap between traditional financial stability and decentralized asset liquidity. By embedding gold on-chain, the firm enhances its balance sheet resilience while tapping into a rapidly expanding sector projected to surpass $20 billion in tokenized RWAs by 2026.
With this acquisition, Antalpha is not only hedging against market volatility but also signaling that tokenized real-world assets—especially gold—are poised to become core components of institutional portfolios in the next wave of blockchain finance.
