Prestige Wealth Inc.

Company Overview

Business Model: Aurelion Inc. operates primarily through its subsidiaries, providing wealth management services and AI solutions services. The wealth management segment assists high net worth and ultra-high net worth individuals, predominantly in Asia, in identifying and purchasing wealth management products offered by third-party providers, generating revenue from referral fees. The AI solutions segment offers customized artificial intelligence technology services to wealth management-related enterprise clients, including privatized large model systems, enterprise knowledge bases, and intelligent customer service platforms. The company previously provided asset management services, which were discontinued in August 2024.

Market Position: Aurelion Inc. positions itself in the wealth management sector by offering client-centric, customized services and leveraging collaborations with private banks and insurance brokers. In the AI solutions space, it utilizes web scraping technology and a specialized Large Language Model tailored for the wealth management industry. The company's XAUt Treasury Strategy, implemented post-fiscal year 2025, aims to accumulate Tether Gold (XAUt) as a primary treasury reserve asset, seeking to capitalize on the tokenized gold market. The company faces competition from established financial institutions and emerging blockchain-native platforms in the gold market, and from private banks, insurance companies, and independent wealth management firms in its traditional wealth management business.

Recent Strategic Developments:

• Recapitalization: Completed on February 1, 2024, re-designating ordinary shares as Class A and Class B Ordinary Shares.
• Disposal of Asset Management Business: Prestige Asset Management Limited ceased regulated activities from August 8, 2024, and Prestige Assets International Inc. and its subsidiaries operating asset management business were sold on June 25, 2025.
• Strategic Acquisitions (FY2025):
  • SPW Global Inc. (Wealth AI PTE LTD.): Acquired on November 4, 2024, to enhance AI-driven wealth management solutions. Wealth AI PTE LTD. offers personalized, cost-effective wealth management solutions using artificial intelligence.
  • InnoSphere Tech Inc.: Acquired on December 16, 2024, to strengthen technological capabilities in AI solutions, including web scraping and specialized Large Language Model development for the financial sector.
  • Tokyo Bay Management Inc.: Acquired on December 16, 2024, to expand wealth management services, family affairs services, and lifestyle management services to high-net-worth clients in Japan.
• Capital Raising & XAUt Treasury Strategy (Post-FY2025):
  • PIPE Financing: Closed on October 10, 2025, raising approximately $100 million through private placement of equity securities (Class A and Class B Ordinary Shares and associated warrants).
  • Term Loan: Entered into a $50 million three-year term loan on October 10, 2025, secured by XAUt.
  • XAUt Purchase: Completed the purchase of $134 million in Tether Gold (XAUt) on October 14, 2025, at an average price of $4,021.81 per XAUt, implementing an XAUt treasury strategy.
• Corporate Rebranding: Changed name from "Prestige Wealth Inc." to "Aurelion Inc." on November 20, 2025.
• Share Incentive Plan: Approved the Aurelion Inc. 2025 Share Incentive Plan on November 20, 2025, authorizing up to 76,187,375 Ordinary Shares initially.

Geographic Footprint: Aurelion Inc. is incorporated in the Cayman Islands. Its primary operational regions include Hong Kong (through PPWM and PWM), Singapore (through Wealth AI PTE LTD. and InnoSphere Tech Pte. LTD.), and Japan (through Tokyo Bay Management Inc.). The company's AI Solutions services are provided to an Asia-based client.

Cross-Border Operations: Aurelion Inc. operates through wholly-owned subsidiaries in the British Virgin Islands (PPWM, AISYS Inc., SPW Global Inc., Tokyo Bay Management Inc., InnoSphere Tech Inc.), Hong Kong (PWM), and Singapore (Wealth AI PTE LTD., InnoSphere Tech Pte. LTD.). The company's wealth management clients are primarily high net worth and ultra-high net worth individuals in Asia, with a majority being nationals or residents of mainland China. The company's AI Solutions services are provided to a wealth management-related financial service provider in Asia.

Financial Performance

Revenue Analysis

Profitability Metrics (FY2025):

• Gross Margin: -130.1%
• Operating Margin: -1276.4%
• Net Margin: -1262.4%

Investment in Growth:

• R&D Expenditure: Shares-based compensation, which includes R&D expenses, amounted to $2,899,450 in FY2025.
• Capital Expenditures: Aurelion Inc. reported no capital expenditures for FY2025.
• Strategic Investments: In FY2025, the company made a deposit for long-term investment of $250,000. Post-FY2025, Aurelion Inc. completed a $100 million PIPE Financing and secured a $50 million term loan, with proceeds primarily used to purchase $134 million in Tether Gold (XAUt).

Currency Impact Analysis:

• Foreign exchange translation adjustments resulted in an other comprehensive loss of $(24,477) in FY2025 and $(12,122) in FY2024.
• The functional currency of PPWM and PWM is Hong Kong dollar, and Wealth AI PTE LTD. is Singapore dollar. The reporting currency is U.S. dollar.
• Aurelion Inc. states that its exposure to foreign currency risk in respect of Hong Kong dollar balances is minimal due to the peg to the U.S. dollar.

Business Segment Analysis

Wealth Management Services

Financial Performance:

• Revenue: $569 (-95.8% YoY)
• Operating Margin: Not separately disclosed.
• Key Growth Drivers: Revenue is generated from referral fees from insurance brokers for wealth management products purchased by high net worth and ultra-high net worth clients. The significant decrease in revenue in FY2025 was primarily due to a reduction in the number of clients willing to purchase insurance products, with only two existing clients renewing one-year term insurance policies. Referral fees ranged from 2.85% to 14.25% of total policy premiums in FY2025.

Product Portfolio:

• Major product lines and services within segment: Referral services for general insurance products and investment-linked insurance products, primarily savings plans and critical illness insurance policies.
• New product launches or major updates: No new product launches or major updates were explicitly mentioned for this segment in FY2025.

Market Dynamics:

• Competitive positioning within segment: Aurelion Inc. differentiates through a client-centric culture, operational independence, and customized services for high-net-worth clients, collaborating with private banks and insurance brokers.
• Key customer types and regional market trends: High net worth and ultra-high net worth individuals, primarily in Asia, with a majority being nationals or residents of mainland China.
• Regulatory environment by jurisdiction: Subject to Hong Kong regulations including the Insurance Ordinance, Business Registration Ordinance, and anti-money laundering laws.

Geographic Revenue Distribution:

• Hong Kong: $569 (100% of segment revenue).
• Growth Markets: The company aims to expand its client base in Asia.

AI Solutions Services

Financial Performance:

• Revenue: $1,785,000 (New segment in FY2025)
• Operating Margin: Not separately disclosed.
• Key Growth Drivers: Revenue is generated from commercial contracts to assist clients in creating secure and controllable privatized large-scale model systems. The segment's first commercial contract was signed in April 2025 with a wealth management-related financial service provider in Asia.

Product Portfolio:

• Major product lines and services within segment: "WealthAI 360 System" (processes vast data, supports specialized large models for wealth management), privatized language model research and deployment, enterprise knowledge base construction, semantic indexing system development, intelligent customer service system, and department-level AI Agent system integration and training.
• New product launches or major updates: The "WealthAI 360 System" and its related services represent a new offering in FY2025.

Market Dynamics:

• Competitive positioning within segment: Leverages web scraping technology and a specialized Large Language Model tailored for the wealth management industry. The AI industry is rapidly evolving, requiring continuous innovation.
• Key customer types and regional market trends: Enterprise clients in the wealth management sector, specifically a financial service provider in Asia.
• Regulatory environment by jurisdiction: Subject to evolving AI industry regulations and data protection laws in relevant jurisdictions.

Geographic Revenue Distribution:

• Asia: $1,785,000 (100% of segment revenue), from a wealth management-related financial service provider in Asia.
• Growth Markets: Focus on expanding AI solutions to enterprise clients in the wealth management sector across Asia.

International Operations & Geographic Analysis

Revenue by Geography:

Note: While the company's segment reporting states it has one operating and reportable segment with substantially all revenue and expense derived from Hong Kong, the detailed revenue breakdown and recent acquisitions indicate a broader geographic operational and revenue generation footprint, particularly with the new AI Solutions segment in Asia.

International Business Structure:

• Subsidiaries:
  • PPWM (British Virgin Islands): Provides private wealth management services.
  • PWM (Hong Kong): Wholly-owned subsidiary of PPWM, provides private wealth management services.
  • AISYS Inc. (British Virgin Islands): Inactive.
  • SPW Global Inc. (British Virgin Islands): Wholly owns Wealth AI PTE LTD.
  • Wealth AI PTE LTD. (Singapore): Wholly-owned subsidiary of SPW Global Inc., offers personalized, cost-effective wealth management solutions using artificial intelligence.
  • Tokyo Bay Management Inc. (British Virgin Islands): Provides wealth management, family affairs, and lifestyle management services to high-net-worth clients in Japan.
  • InnoSphere Tech Inc. (British Virgin Islands): Technology company leveraging web scraping for finance/wealth management data and developing AI solutions.
  • InnoSphere Tech Pte. LTD. (Singapore): Wholly-owned subsidiary of InnoSphere Tech Inc., focuses on developing AI-based technology platforms.
• Joint Ventures: Not explicitly mentioned.
• Licensing Agreements: Not explicitly mentioned, but the company works with licensed product brokers in Hong Kong for wealth management services.

Cross-Border Trade:

• Export Markets: AI Solutions services are provided to an Asia-based client.
• Import Dependencies: Not explicitly mentioned.
• Transfer Pricing: Not explicitly mentioned, but inter-company transactions are subject to international tax planning and transfer pricing risks.

Capital Allocation Strategy

Shareholder Returns:

• Share Repurchases: Not disclosed.
• Dividend Payments: Aurelion Inc. does not intend to pay dividends for the foreseeable future, planning to retain future earnings for business operations and expansion.
• Dividend Yield: Not applicable.
• Future Capital Return Commitments: Not disclosed.

Balance Sheet Position (as of September 30, 2025):

• Cash and Equivalents: $5,024
• Total Debt: Not explicitly stated for FY2025. Post-FY2025, a $50 million term loan was entered into on October 10, 2025.
• Net Cash Position: $(291,659) (Total shareholders' equity deficit).
• Credit Rating: Not disclosed.
• Debt Maturity Profile: Post-FY2025, the $50 million term loan is for a three-year period.

Cash Flow Generation (FY2025):

• Operating Cash Flow: $(2,314,102) (from continuing operations)
• Free Cash Flow: Not explicitly stated. Given no capital expenditures, Free Cash Flow would approximate Operating Cash Flow.
• Cash Conversion Metrics: Not explicitly disclosed.

Currency Management:

• Cash holdings by major currencies: Not explicitly detailed, but cash and cash equivalents are held by subsidiaries with functional currencies including Hong Kong dollar and Singapore dollar, with the reporting currency being U.S. dollar.
• Natural hedging through operational diversification: Not explicitly mentioned.
• Financial hedging instruments and strategies: Not explicitly mentioned.

Operational Excellence

Production & Service Model:

• Wealth Management Services: Involves referring high net worth and ultra-high net worth clients to licensed insurance brokers in Hong Kong. The company provides client service support during policy origination and annual renewals.
• AI Solutions Services: Focuses on developing and deploying customized AI solutions for enterprise clients. This includes processing vast amounts of data, training specialized large models for the wealth management sector, and integrating intelligent customer service and AI Agent systems.

Global Supply Chain Architecture: Key Suppliers & Partners:

• Insurance Brokers: Licensed product brokers in Hong Kong (currently one primary broker) for wealth management product distribution.
• Technology Partners: Cobo Global Limited provides multi-party computation (MPC) key management infrastructure for safeguarding XAUt holdings.
• Service Providers: Non-affiliated service provider engaged for strategic consulting services related to wealth management and digital asset treasury (post-FY2025).

Facility Network:

• Office Space: Leases office space in Hong Kong (9 square meters) under a month-to-month tenancy agreement.
• Research & Development: InnoSphere Tech Inc. and InnoSphere Tech Pte. LTD. are focused on AI technology development, including web scraping and Large Language Model development.
• Distribution: Not explicitly detailed beyond client referral networks for wealth management.

Operational Metrics:

• No specific operational metrics such as capacity utilization or efficiency measures were disclosed in the filing.

Market Access & Customer Relationships

Go-to-Market Strategy: Distribution Channels:

• Direct Sales: For wealth management, clients are introduced through related parties and business networks, with existing clients referring new ones.
• Channel Partners: Collaborations with private banks and partnerships with networks of insurance brokers for wealth management services.
• Digital Platforms: Operates the "MyWealthAI.com" website (through Wealth AI PTE LTD.) to provide AI-driven wealth management solutions to high net worth and ultra-high net worth clients, currently offered free of charge.

Customer Portfolio: Enterprise Customers:

• Strategic Partnerships: In April 2025, InnoSphere Tech Inc. entered into a commercial contract with a wealth management-related financial service provider in Asia for AI Solutions services.
• Customer Concentration: For FY2025, approximately 99.97% of total revenue was generated from one AI Solutions service customer. For FY2024, approximately 94.88% of total revenue was from one advisory service client (discontinued operation).
• Regional Distribution: Wealth management clients are primarily high net worth and ultra-high net worth individuals in Asia, with a majority being nationals or residents of mainland China. AI Solutions services are provided to an Asia-based client.

Regional Market Penetration:

• Hong Kong: Wealth management services are provided in Hong Kong.
• Japan: Tokyo Bay Management Inc. provides wealth management services to high-net-worth clients in Japan.
• Singapore: Wealth AI PTE LTD. and InnoSphere Tech Pte. LTD. are based in Singapore, focusing on AI-driven solutions.
• Growth Markets: The company aims to expand its client base through word-of-mouth referrals and proactive promotional activities, particularly for high net worth and ultra-high net worth individuals and enterprise clients in the wealth management sector.

Competitive Intelligence

Global Market Structure & Dynamics

Industry Characteristics:

• Wealth Management: A highly competitive industry in Hong Kong and the United States, with an ever-evolving landscape for high net worth and ultra-high net worth individuals in Asia. Competitors include private banks, insurance companies and brokers, independent wealth and asset management firms, and multi-family offices.
• AI Solutions: A rapidly iterating and evolving industry, with continuous technological innovation and changing client needs in the financial sector.
• Digital Assets (Gold-backed): The global gold market is highly competitive, dominated by established financial institutions, bullion banks, ETF sponsors, and precious metals dealers. The emerging tokenized gold market (currently ~1% of digital gold market capitalization) is seeing competition from blockchain-native platforms and decentralized finance (DeFi) products.

Competitive Positioning Matrix:

Direct Competitors

Primary Competitors:

• Wealth Management: Private banks, insurance companies and brokers, independent wealth and asset management firms, and multi-family offices.
• XAUt-related Business: Other blockchain-native platforms issuing gold-backed tokens, decentralized finance (DeFi) products, traditional gold investment products (e.g., exchange-traded funds (ETFs), futures contracts, bullion dealers).

Regional Competitive Dynamics:

• Competition varies by region, with established players in traditional wealth management in Hong Kong and Japan, and emerging digital challengers in the tokenized gold market globally. The AI solutions market is characterized by rapid technological change and demand from enterprise clients in the financial industry.

Risk Assessment Framework

Strategic & Market Risks

• Global Market Dynamics: Exposure to fluctuations in the price of gold and XAUt, which can be volatile due to macroeconomic factors, investor sentiment, and market dynamics. The digital asset market is characterized by price volatility, limited liquidity, and susceptibility to market abuse.
• Technology Disruption: Rapid technological innovation in the AI industry poses a risk if Aurelion Inc. fails to anticipate or keep pace with evolving technologies and client needs, potentially rendering its AI solutions noncompetitive.
• Customer Concentration: High concentration risk, with approximately 99.97% of FY2025 total revenue generated from one AI Solutions service customer. A loss of this customer or dissatisfaction could materially and adversely affect financial results.
• Product Concentration: For wealth management services, the majority of revenue is generated from a limited selection of products, primarily savings plans. Termination of underwriting or decrease in referral fees for these products could adversely affect revenue.

Operational & Execution Risks

• Global Supply Chain Vulnerabilities: Reliance on third-party product brokers for wealth management services and third-party custodians (e.g., Cobo Global Limited) for XAUt holdings. Impairment or negative performance of these counterparties could disrupt operations.
• Regional Disruptions: Operations in Hong Kong, Singapore, and Japan are subject to local economic, political, and regulatory conditions.
• Trade Restrictions: Not explicitly detailed, but general risks associated with international operations.
• Liquidity and Cash Flows: The company has reported net losses and cash used in operating activities for FY2023, FY2024, and FY2025, indicating potential challenges in managing liquidity and cash flows.
• Intellectual Property: Risk of unauthorized use, challenge, or misappropriation of trademarks, copyrights, trade secrets, and know-how. Potential for intellectual property infringement claims from third parties, particularly concerning AI systems and data.
• Employee Misconduct: Risks of misrepresentation, fraudulent acts, improper disclosure of confidential information, or non-compliance with laws by employees.

Financial & Regulatory Risks

• Currency & Financial Risks: Exposure to XAUt price volatility, which directly impacts asset value and market price of shares. The XAUt treasury strategy introduces complex liquidity risks across traditional and digital asset markets.
• Interest Rate Risk: The $50 million term loan (post-FY2025) bears interest at 6% per annum, exposing the company to interest rate fluctuations.
• Credit & Liquidity: XAUt holdings are less liquid than cash and cash equivalents, potentially limiting liquidity during market instability. Use of XAUt as collateral for debt financing exposes the company to counterparty risk and potential loss of collateral.
• Regulatory & Compliance Risks:
  • Multi-Jurisdictional Compliance: Subject to diverse regulatory frameworks in Hong Kong (e.g., insurance, employment, tax, anti-money laundering), Cayman Islands, British Virgin Islands, Singapore, and the U.S. (e.g., Advisers Act, securities laws for digital assets).
  • XAUt Regulatory Uncertainty: The legal and regulatory treatment of XAUt and other digital assets is highly uncertain and evolving, with potential for new laws, regulations, or enforcement actions that could adversely affect XAUt price or the ability to own/transfer it.
  • Investment Company Act Risk: A determination that XAUt is a "security" could classify Aurelion Inc. as an "investment company," requiring actions inconsistent with business interests or preventing public sale of securities in the U.S.
  • Enhanced Regulatory Oversight: The XAUt strategy may subject the company to additional regulatory scrutiny, including anti-money laundering, sanctions, money services, and commodity/securities laws.
  • PCAOB Inspection Risk: As a Hong Kong-based company, Aurelion Inc. faces delisting risk under the Holding Foreign Companies Accountable Act (HFCAA) if the PCAOB is unable to inspect its audit documentation located in mainland China for two consecutive years.

Geopolitical & External Risks

• Country-Specific Risks: Potential for PRC laws and regulations to become applicable to subsidiaries with business connections to China (e.g., client base, Hong Kong operations), leading to increased oversight, compliance costs, or operational changes.
• Economic Risk: Global economic conditions and political instability can impact demand for wealth management services and the digital asset market.
• Regulatory Changes: Evolving legal and regulatory frameworks in various jurisdictions, particularly for digital assets, could adversely affect business operations and financial condition.

Innovation & Technology Leadership

Research & Development Focus: Global R&D Network:

• Singapore (Wealth AI PTE LTD., InnoSphere Tech Pte. LTD.): Focuses on developing AI-driven wealth management solutions, including personalized and cost-effective offerings.
• British Virgin Islands (InnoSphere Tech Inc.): Leverages web scraping technology to collect data on finance, wealth management, and related industries according to international standards.
• Innovation Pipeline: Development of a Large Language Model tailored for the wealth management industry, providing foundational support to financial sector clients. Initiatives include privatized language model research and deployment, enterprise knowledge base construction, semantic indexing system development, and intelligent customer service/AI Agent system integration.

Intellectual Property Portfolio:

• Patent Strategy: Aurelion Inc. does not currently hold any issued patents or pending patent applications.
• Licensing Programs: Not explicitly mentioned.
• IP Litigation: The company may be subject to intellectual property infringement claims, particularly concerning its AI systems, model training on third-party datasets, and integration of open-source software.
• Brand Assets: Prioritizing protection for the "Aurelion" brand and related marks in key jurisdictions following the 2025 rebrand. Maintains domains such as MyWealthAI.com and branding aligned with the "WealthAI 360 System" concept.

Technology Partnerships:

• Strategic Alliances: Collaborates with Cobo Global Limited for multi-party computation (MPC) key management infrastructure to safeguard XAUt holdings.

Leadership & Governance

Executive Leadership Team

International Management Structure:

• The executive leadership team includes individuals with international experience and expertise. Employees are located in Hong Kong, Singapore, and Tokyo, indicating a distributed management and operational structure across these regions.

Board Composition:

• The Board of Directors consists of four directors, including two independent directors (Jackie You and H. David Sherman).
• The Audit Committee consists of Jackie You (Chair) and H. David Sherman, both satisfying independence requirements.
• The Compensation Committee consists of Moore Jin Xin (Chair) and Jackie You.
• The Nominating and Corporate Governance Committee consists of Herman Yu (Chair) and Jackie You.
• As a foreign private issuer incorporated in the Cayman Islands, Aurelion Inc. follows home country practices for certain corporate governance matters, which may differ from Nasdaq listing standards (e.g., majority independent board, certain committee compositions, shareholder approval for equity compensation plans).

Regulatory Environment & Compliance

Multi-Jurisdictional Regulatory Framework: Primary Regulatory Environments:

• Cayman Islands: Aurelion Inc. is an exempted company with limited liability, benefiting from a 20-year undertaking (from November 2, 2018) against taxes on profits, income, gains, or appreciation. No inheritance tax or estate duty.
• British Virgin Islands: Subsidiaries incorporated in BVI (PPWM, AISYS Inc., SPW Global Inc., Tokyo Bay Management Inc., InnoSphere Tech Inc.) are exempt from income or other taxes on payments to non-residents and capital gains. No withholding taxes or exchange control regulations.
• Hong Kong: Subsidiaries (PWM) are subject to Hong Kong profit tax (8.25% on assessable profits up to HK$2 million, 16.5% above). Exempt from Hong Kong income tax on foreign-derived income. Subject to the Insurance Ordinance, Business Registration Ordinance, Employment Ordinance, Employees’ Compensation Ordinance, Mandatory Provident Fund Schemes Ordinance, Inland Revenue Ordinance, and anti-money laundering/counter-terrorist financing ordinances (AMLO, DTROP, OSCO, UNATMO) with SFC guidelines.
• Singapore: Subsidiaries (Wealth AI PTE LTD., InnoSphere Tech Pte. LTD.) are subject to Singapore tax laws. No income or other tax imposed by withholding or otherwise on payments to or by the Singapore subsidiaries.
• United States: Aurelion Inc. is not, and does not intend to operate as, an investment adviser subject to the Investment Advisers Act of 1940. However, the company is subject to U.S. federal securities laws (e.g., HFCAA, potential classification of XAUt as a security under the Investment Company Act of 1940) and tax laws (e.g., PFIC rules, tax treatment of crypto assets).

Cross-Border Compliance:

• Export Controls: Not explicitly detailed, but general compliance with international trade regulations.
• Sanctions Compliance: Subject to multi-jurisdictional sanctions regimes, including those related to the Russia-Ukraine conflict, requiring policies and procedures to prevent use of digital assets for illicit activities.
• Anti-Corruption: Compliance with anti-money laundering and counter-terrorist financing laws (e.g., AMLO in Hong Kong, FCPA, and local anti-bribery laws).

International Tax Strategy:

• Transfer Pricing: Inter-company transactions and policies are subject to international tax planning and transfer pricing risks.
• Tax Treaties: Cayman Islands is party to a double tax treaty with the United Kingdom but not other countries.
• BEPS Compliance: Not explicitly mentioned.

Environmental & Social Impact

Aurelion Inc. has not disclosed specific global sustainability strategies, environmental commitments (e.g., climate strategy, carbon neutrality, renewable energy targets), or regional sustainability initiatives in the provided filing. Social Impact by Region:

• Labor Standards: The company and its subsidiaries comply with Hong Kong labor laws, including the Employment Ordinance, Employees’ Compensation Ordinance, and Mandatory Provident Fund Schemes Ordinance, providing pension insurance and work-related injury insurance for employees. No specific details on community investment or broader social impact initiatives were provided.

Currency Management & Financial Strategy

Multi-Currency Operations: Currency Exposure:

Note: Aurelion Inc. states that it has no significant foreign currency risk because most transactions are denominated in Hong Kong dollar or U.S. dollar, and the Hong Kong dollar is pegged to the U.S. dollar. However, the functional currency of its Singaporean subsidiary, Wealth AI PTE LTD., is Singapore dollar, indicating some exposure.

Hedging Strategies:

• Transaction Hedging: Not explicitly detailed.
• Translation Hedging: Not explicitly detailed.
• Economic Hedging: Not explicitly detailed.
• The company's XAUt Treasury Strategy involves holding Tether Gold, a digital asset backed by physical gold, which is intended to buffer against inflation, currency devaluation, and crypto volatility. Aurelion Inc. also plans to generate a leveraged return and technology-related fees on unencumbered gold holdings by providing them as collateral to Antalpha Capital (HK) Limited.