US EditionRWA News: BioSig and Streamex to Raise $1.1B for Gold Tokenization Initiative on Solana
UNITED STATES, JUL 8 – The $1.1 billion financing aims to support BioSig and Streamex in launching a gold-backed treasury strategy and a platform for tokenizing real-world assets.
- BioSig Technologies and Streamex announced a definitive agreement on July 8 to raise up to $1.1 billion for a gold-backed tokenization platform on Solana.
- The financing follows BioSig’s merger with Streamex and aims to leverage the $142 trillion commodities market by integrating physical gold with blockchain innovation.
- The financing package consists of $100 million in convertible debentures with senior secured status that bear 4% interest, along with a $1 billion credit facility backed by pledged assets and spanning a 36-month duration.
- BioSig CEO Henry McPhie emphasized their goal to enhance access, openness, and market fluidity within commodities, describing this achievement as a significant step in merging gold’s inherent value with blockchain innovation.
- This initiative positions the merged company as a scalable gold treasury firm and signals growing institutional demand driving tokenized assets toward a potential multitrillion-dollar market.
13 Articles
13 Articles
BioSig Technologies jumps 30% on $1.1B growth financing to launch gold-backed treasury along with Streamex
BioSig Technologies (BSGM) stock price jumped 30% on Tuesday during pre-market hours of trading as it signed an agreement with Streamex Exchange for up to $1.1 billion in growth financing.
BioSig, Streamex Target Gold Tokenization With $1.1B Financing - Nemos News Network
Authored by Christopher Tepedino via CoinTelegraph.com, BioSig and Streamex have secured $1.1 billion in growth financing to support their pivot into onchain commodities, starting with gold. The companies, which signed a letter of intent to merge on May 5, say the funding will help establish a gold-backed treasury business focused on tokenized financial instruments. Of the total funding, $100 million comes in the form of convertible debentures, …
The real world assets (RWA) is continuing its transformation by gradually moving closer to the real economy. In this context, Credefi has seen a continuous evolution from an experimental project to a functional infrastructure. With the launch of Credefi 3.0, the platform is taking a new step: it fully integrates modules designed to link decentralized finance and tangible assets. All the tools are now available online. The RWA's entry into a new …
Coverage Details
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
To view factuality data please Upgrade to Premium
