Monetary Metals Enters into Exclusive Partnership with Streamex (Nasdaq: BSGM) to Create Tokenized Yield-Bearing Gold Products
Rhea-AI Summary
BioSig Technologies (Nasdaq: BSGM) through its Streamex subsidiary has entered into an exclusive partnership with Monetary Metals to create tokenized yield-bearing gold products. The collaboration enables Streamex to leverage Monetary Metals' Gold Yield Marketplace® with up to $1 billion USD in near-term lease capacity.
Through this partnership, Monetary Metals will become Streamex's exclusive gold yield partner, allowing them to develop and distribute digital assets backed by physical gold that generate yield from financing real-world gold businesses, including refineries, mints, and jewelry manufacturers. The partnership combines Streamex's tokenization technology and gold-backed treasury with Monetary Metals' yield platform.
Positive
- None.
Negative
- Success depends on adoption of new tokenized gold products
- Potential regulatory risks associated with digital asset offerings
News Market Reaction
On the day this news was published, BSGM gained 5.93%, reflecting a notable positive market reaction. Argus tracked a peak move of +12.3% during that session. Our momentum scanner triggered 13 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $9M to the company's valuation, bringing the market cap to $164M at that time.
Data tracked by StockTitan Argus on the day of publication.
Monetary Metals has signed an agreement with Streamex to provide yield on physical gold bullion with upwards of
The partnership adds an important new channel to bring gold to the Monetary Metals Gold Yield Marketplace® with a well-capitalized Nasdaq listed partner.
"This partnership with Monetary Metals represents a significant leap forward in realizing our vision for Streamex," said Henry McPhie, CEO of BioSig & Co-Founder of Streamex. "By combining our tokenization technology and gold-backed treasury with Monetary Metals' proven gold yield platform, we are creating a first-of-its-kind asset that marries the security of physical bullion with the productivity of real-world yield. Together, we're opening the door to a new era of gold as both a store of value and a source of income for global markets."
Monetary Metals will act as the exclusive gold yield partner of Streamex, enabling them to create and distribute yield-bearing digital assets. The Streamex token will be revolutionary, offering a yield which is generated from financing real-world gold businesses, including refineries, mints, and jewelry manufacturers.
"We are pleased to be partnering with Streamex, because they share our vision that gold is becoming a productive asset again that generates an income," said Keith Weiner, Founder and CEO of Monetary Metals. "Blockchain tokenization provides not only a new way to deliver gold yield to global markets, it also unlocks brand new avenues to even greater gold liquidity and flexibility as a finance solution."
About Monetary Metals
Monetary Metals® is Unlocking the Productivity of Gold™ by offering a Yield on Gold, Paid in Gold® to investors, and Gold Financing, Simplified™ to gold-using businesses (mints, miners, refiners, jewelers, etc.). Since 2016, individuals and institutions around the world have been earning a yield in gold and silver every month through its Gold Yield Marketplace®.
About Streamex
Streamex is an RWA tokenization company building Institutional grade infrastructure to bring the gold and commodities market on chain, enabled by a gold denominated treasury and tokenization technology powering the modern commodities market. Streamex is a wholly owned subsidiary of BioSig Technologies, Inc.
About BioSig Technologies
BioSig Technologies, Inc. is a medical device technology company with an advanced digital signal processing technology platform, the PURE EP™ Platform that delivers insights to electrophysiologists for ablation treatments of cardiovascular arrhythmias.
Contacts
Monetary Metals Contact Information:
Dickson Buchanan Jr.
Vice President Marketing
dickson@monetary-metals.com
+1 646-653-9729
BioSig/Streamex Press & Investor Relations:
Adele Carey
Alliance Advisors Investor Relations
acarey@allianceadvisors.com
Ele Kauderer, Public Relations
Phoenix Management
PR@PhoenixMGMTconsulting.com
+1 888-228-0122
For additional information or press inquiries, please contact press@monetary-metals.com
View original content:https://www.prnewswire.com/news-releases/monetary-metals-enters-into-exclusive-partnership-with-streamex-nasdaq-bsgm-to-create-tokenized-yield-bearing-gold-products-302549835.html
SOURCE Monetary Metals & Co.
FAQ
What is the partnership between BioSig (BSGM) and Monetary Metals?
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What is the significance of the BSGM-Monetary Metals partnership?
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