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Streamex Corp. saw its stock surge over 20% on Monday after announcing a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, will open for qualified investors on or before Nov. 10.<\/p>\n
The GLDY token offers exposure to physical gold bullion with yield paid in ounces of gold, targeting institutional investors, the company announced<\/a> on Monday. The stablecoin is part of Streamex\u2019s broader mission to tokenize real-world commodities through digital instruments.<\/p>\n \u201cThe launch of GLDY represents a major evolution in how investors can access and benefit from physical gold,\u201d said Henry McPhie, co-founder and CEO of Streamex. \u201cNow, instead of paying to hold gold, investors can get paid to hold gold.\u201d<\/p>\n The GLDY pre-sale includes an initial capacity of $100 million, with Streamex itself committing at least $5 million. The company said issuance may expand to $1 billion, depending on demand. Yield is generated through gold leasing deals backed by Streamex\u2019s exclusive partnership with Monetary Metals.<\/p>\n Related: <\/strong><\/em>Standard Chartered says $1T may exit emerging market banks to stablecoins by 2028<\/strong><\/em><\/a><\/p>\n Participation in the GLDY token sale is limited to accredited individuals and institutions. The minimum investment stands at $200,000 for individuals and $1 million for institutional entities. <\/p>\n \u201cThe combination of capital preservation, liquidity, and yield denominated in ounces is purpose-built for portfolio managers, ETFs and institutional balance sheets seeking durable cash management, and diversified commodity exposure,\u201d McPhie said. <\/p>\n The market responded swiftly to the announcement, with Streamex shares jumping 20.42% on the day and continuing to trade slightly higher in the pre-market session, according to data from Google Finance. <\/p>\n The new initiative comes after Streamex and BioSig secured $1.1 billion in growth funding<\/a> to launch a gold-backed, onchain treasury business in July.<\/p>\n Related: <\/strong><\/em>Tether denies Bitcoin sell-off rumors, confirms buying BTC, gold, land<\/strong><\/em><\/a><\/p>\n Streamex\u2019s launch of its gold-backed stablecoin<\/a> comes amid increasing demand from crypto companies for gold exposure. <\/p>\n <\/p>\n In June, Tether, the issuer of the world\u2019s largest stablecoin, acquired a 32% stake<\/a> in Canada\u2019s public gold royalty firm Elemental Altus Royalties. Last month, the firm also began discussions with mining<\/a> and investment groups about deploying capital across the gold supply chain.<\/p>\nStreamex sets $200,000 minimum for GLDY investors<\/h2>\n
Crypto companies pivot into gold for diversification<\/h2>\n