Mentioned:
Physical gold bullion is coming soon to the blockchain. And a public company on the Nasdaq is behind it.
What’s happening:
- BioSig Technologies' (NASDAQ: BSGM) wholly owned subsidiary Streamex Exchange is raising $15M USD to begin buying physical gold bullion and tokenizing it on the blockchain
- The new equity financing round is being led by Needham & Co and Clear Street
Why it matters:
- Tokenizing real world assets has quickly become one of the most important themes in Silicon Valley and Wall Street following the United States Securities and Exchange Commission unveiling Project Crypto which is aiming to develop new securities laws for digital assets and tokenization
Going deeper:
- Streamex Exchange previously made major waves when they entered into a $1B USD equity line of credit financing and $100M USD secured convertible debenture to advance their real world asset tokenization platform
The intrigue:
- Wheaton Precious Metals (NYSE: WPM) founder and mining legend Frank Giustra is one of the founding shareholders and investors in Streamex Exchange
