BioSig, in partnership with Streamex, has announced plans to raise $1.1 billion through bond issuance and equity line to tokenize gold on the Solana blockchain.
Financial Initiatives of BioSig and Streamex
On July 8, 2025, BioSig and Streamex signed a definitive agreement to raise $1.1 billion from institutional investors. The funding will be conducted through the issuance of $100 million in convertible debentures and an equity line of credit for $1 billion. The press release also states that the company plans to register shares that may be sold under the equity line of credit.
Prospects of Gold Tokenization
This initiative aims to integrate traditional commodities with blockchain, which could significantly alter the Web3 landscape. BioSig CEO and Streamex co-founder Henry McPhie stated that the goal is to combine the value of physical gold with blockchain innovations, unlocking new avenues for liquidity and transparency in the $142 trillion commodities market.
Crypto Market Overview
In the last 24 hours, the crypto market cap surged by 1.06%, reaching $3.37 trillion, with a trading volume of $98.89 billion. According to CoinMarketCap, leading gainers include cryptocurrencies like Cronos, SPX6900, and Raydium. Meanwhile, Bitcoin fluctuated between $108,126 and $109,198, with a current price of $108,803. Ethereum is trading at $2,648, indicating a 3.36% increase.
The agreement between BioSig and Streamex for gold tokenization marks a significant step in integrating blockchain technologies with traditional financial instruments, potentially leading to broader adoption of such solutions in the future.
