Mentioned:
Gold tokenization is on the rise. Which is exactly why a major ETF company in America wants to be a first mover.
What’s happening:
- Streamex Corp (NASDAQ: STEX) has formed a new partnership with Simplify Asset Management to integrate Streamex Corp’s yield generating tokenization product for gold into ETFs managed by Simplify Asset Management
Why it matters:
- This is one of the first times ever that a major ETF company has done a deal with a gold tokenization company to integrate blockchain technology into their ETFs
Going deeper:
- Simplify Asset Management operates a variety of large ETFs across equities, bonds and commodities and has more than $10B USD in total assets under management
- Streamex Corp also just recently made waves when they formed a partnership with gold lending company Monetary Metals to generate a yield from physical gold bullion holdings and tokenize it on the Solana and Base blockchains for investors to be able to participate in
The intrigue:
- Billionaire mining financier Frank Giustra just recently added to his position in Streamex Corp through acquiring more shares on the open market, bringing his ownership to 12.02% of the entire company
