Streamex's GLDY Gold-Backed Tokenized Asset Launched By Undisclosed Institutional Investment Manager
Streamex Corp. ("Streamex" or the "Company") (NASDAQ: STEX ), a technology company building the future of the commodity markets through tokenization, today announced that an institutional investment manager has launched an investment strategy using GLDY, Streamex’s gold-backed, yield-bearing tokenized asset, as the long leg of a gold-denominated delta-neutral trade. A leading institutional investor will allocate an initial $1 million to the strategy with anticipation to scale beyond with follow on investments as the strategy demonstrates its performance. Streamex views strategies of this kind as a powerful new channel for growing GLDY assets under management. Separately, the ninety-day commitments Streamex set when it reported second quarter earnings in mid-August are on track.
Streamex Corp. ("Streamex" or the "Company") (NASDAQ: STEX ), a technology company building the future of the commodity markets through tokenization, today announced that an institutional investment manager has launched an investment strategy using GLDY, Streamex’s gold-backed, yield-bearing tokenized asset, as the long leg of a gold-denominated delta-neutral trade. A leading institutional investor will allocate an initial $1 million to the strategy with anticipation to scale beyond with follow on investments as the strategy demonstrates its performance. Streamex views strategies of this kind as a powerful new channel for growing GLDY assets under management.
Separately, the ninety-day commitments Streamex set when it reported second quarter earnings in mid-August are on track.