A post-recap “clean balance sheet” platform betting that yield-bearing, regulated tokenized commodities (starting with gold) become the institutional on-chain standard.
Overview
Streamex Corp. (NASDAQ: STEX) is a newly repositioned, vertically integrated infrastructure provider focused on real-world asset (RWA) tokenization for commodities, following a major transformation completed in late 2025. Formerly BioSig Technologies, the company exited legacy medical/pharma activities, acquired Streamex Exchange, and rebranded in September 2025 to pursue modernization of how commodities—initially gold, later silver and energy/mining royalties—are owned, traded, and financed using blockchain-enabled rails. The flagship product, GLDY, is a gold-backed digital security designed to combine spot gold exposure with an annualized yield of up to ~4%, paid in additional physical gold—addressing a key drawback of traditional gold vehicles (e.g., exposure without yield and ongoing expense ratios). Streamex’s business model is a “toll booth” across the tokenization lifecycle: it expects to earn recurring AUM management fees (~1.25%–1.5%), issuance/tokenization fees (~15 bps), secondary transfer/transaction fees, and revenue share tied to gold leasing volumes via Monetary Metals. Target customers are institutional investors (hedge funds, family offices, potential ETFs) seeking productive hard-asset exposure for inflation hedging and treasury use. A pivotal de-risking event occurred in early 2026: the firm raised $40.25M, eliminated Yorkville convertible debentures, terminated a large standby equity purchase facility, and exited “death spiral” financing—leaving an estimated ~$50M cash position and no debt. With insider ownership above 50% and heavy insider buying, Streamex now moves from buildout into a high-stakes commercialization phase where successful GLDY launch and AUM growth are the primary catalysts.