Recently, BioSig Technologies merged with Streamex Exchange Corporation, securing $1.1 billion for the tokenization of real-world assets, focusing on the gold market.
Overview of the BioSig and Streamex Merger
BioSig Technologies has completed its merger with Streamex Exchange Corporation, marking a significant step in establishing a wholly-owned subsidiary. The leadership is set to change, with former Streamex executives taking key positions.
Goals and Strategy of Tokenization
The newly formed entity's focus is on the tokenization of real-world assets, particularly gold, within a $142 trillion market. The financing agreement includes $100 million in convertible bonds and a substantial credit facility.
Market Analysis and Prospects
Research indicates that the target market for tokenization rivals the size of the U.S. stock and bond markets combined. However, the absence of explicit structures or asset protocols has raised questions, and there is interest in potential interactions with Ethereum for future tokenization.
The merger of BioSig and Streamex opens new prospects for gold tokenization and could transform the vast real asset market, although concrete details and results remain to be seen.
