Streamex, led by Henry McPhie, has raised $1.1 billion to fund gold tokenization, finalizing its merger with BioSig Technologies.
Leadership of Henry McPhie and Funding
Henry McPhie and his team announced the raising of $1.1 billion to fund gold tokenization, a significant move that transitions BioSig Technologies from a biotech company to a digital asset platform supporting real commodities. The merger is completed in the context of this investment.
Streamex’s Business Model
Streamex's business model includes the issuance of tokenized assets, with physical gold stored on the company's balance sheet. This distinguishes them from others, like Paxos, which do not hold gold physically. The funds from the new financing will go toward implementing a liquidity and gold tokenization strategy.
Goals and Strategic Plans of Streamex
Streamex aims to create an infrastructure for a market of tokenized commodities valued at around $142 trillion. The first tokenized gold product is anticipated to launch in early 2026. Striving for regulation in Canada and the U.S., as well as access to public markets, positions the company well for future growth.
Transitioning from biotech to gold tokenization, Streamex finds itself among pioneers in the field, aiming to create a new kind of financial institution.
