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

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.

Source: benzinga.com

Related symbols: XAUTUSD