Mentioned:
Streamex wants to change the future of precious metals ownership through tokenization. And they’re coming after silver next.
What’s happening:
- Streamex (NASDAQ: STEX) has publicly stated they plan to launch a tokenized silver product imminently
Why it matters:
- This is the first time ever that Streamex will expand their business model beyond tokenizing physical gold bullion
Going deeper:
- Streamex has also publicly stated that they will leverage their partnership with precious metals leasing company Monetary Metals to be able to generate a yield from their tokenized silver product for investors
- Streamex just recently raised $40.25M USD in a new equity financing round that notably included billionaire mining entrepreneur and founder of Wheaton Precious Metals (NYSE: WPM) Frank Giustra investing $3M USD to add to his ownership stake
