In a financial television interview, Henry McPhie, CEO of Streamex, discussed the strategic merger with BioSig Technologies.
Details of the Merger
The strategic merger of Streamex with BioSig Technologies (NASDAQ: BSGM) officially positions the company as one of the first public firms focused on real-world asset (RWA) tokenization in the $142 trillion commodities market. McPhie noted that they witnessed a 'very bullish market for crypto-related stocks' just days before Circle's IPO.
Company Goals and Mission
The newly merged company aims to bring real commodities onto the blockchain through financial products tailored to the unique dynamics of the sector. According to McPhie, the company's mission centers on democratizing capital and increasing asset efficiency, enabled by blockchain tokenization. 'With tokenization, we can create financial instruments that don’t exist today in the commodity space,' he added.
Key Advisors and Regulation
The company has onboarded industry veterans as advisors, including Shaun Rosen, founder of North America's largest mining operation, Osoco Mining, and Frank Giustra, a serial entrepreneur with a multi-billion dollar portfolio. Streamex is fully regulated in Canada and is actively pursuing U.S. broker-dealer registration to solidify its presence in North America's financial markets.
Through this merger, Streamex aims to take a leadership role in asset tokenization and provide cutting-edge financial instruments to attract institutional investors.
