Aurelion Allocates $48M in Tokenized Gold to DeFi Protocol

A Nasdaq-listed asset manager has allocated $48 million worth of tokenized gold to a new DeFi protocol aimed at generating yield on the asset while maintaining its value exposure.

Aurelion Inc., trading under the ticker AURE, deployed 10,000 units of Tether Gold (XAUT) to XAUE, a treasury layer launched this week by the Aurise Foundation on the Ethereum blockchain. The move leaves Aurelion with a total of 33,318 XAUT holdings, including the 10,000 units in XAUE and 23,318 held separately. XAUE converts deposited XAUT at a 1,000-to-1 ratio into its fixed-supply tokens, with yields from lending and quantitative trading strategies increasing the gold backing per XAUE token rather than providing separate payouts. Access to the protocol is restricted to whitelisted institutional participants who complete know-your-customer or know-your-business verification in eligible jurisdictions.

The allocation aligns with Aurelion's strategy to build a Tether Gold-backed treasury, following a $150 million financing round in October that included $100 million in private investment and a $50 million debt facility. The company, formerly known as Prestige Wealth, positions XAUT as a core reserve...