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Benzinga

Business

Priya Nigam

Prestige Wealth Raises $150 Million To Back Treasury With Tether Gold

Tether Gold Nasdaq Hong Kong

Hong,Kong,And,Mainland,China,National,Flags,Stand,Together,With

Hong Kong-based wealth management and advisory firm Prestige Wealth Inc. (NASDAQ:PWM) has signed and closed approximately $150 million in financing for its Aurelion Treasury initiative, which it says will establish the first Tether Gold-backed treasury by a NASDAQ-listed company.

The latest move merges the security of gold with the efficiency of blockchain-based assets.

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