Streamex's GLDY: Broker Access to Yield-Bearing Tokenized Gold

streetwisereports.com6 min read
Streamex's GLDY: Broker Access to Yield-Bearing Tokenized Gold
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RWA Signal Insight

Commodities

Streamex Corp. has expanded the distribution of its gold-backed, yield-bearing token, GLDY, through a strategic partnership with Siebert Financial Corp. and tZERO Group Inc. This integration allows accredited investors to purchase and hold GLDY within standard brokerage accounts, effectively removing the requirement for specialized cryptocurrency wallets or complex onboarding processes. Unlike traditional gold ETFs that often charge management fees, GLDY generates up to 3.5% annualized yield by leasing allocated physical gold to commercial counterparties. The tokens represent non-voting shares in a special purpose vehicle, with each unit backed one-to-one by troy ounces of physical gold. By leveraging Siebert's $20 billion in assets, Streamex is bridging the gap between traditional wealth management and blockchain-based assets. This development is significant for the RWA market as it demonstrates a scalable model for integrating tokenized securities into existing capital markets infrastructure. The move addresses institutional barriers such as custody, insurance, and the lack of yield in conventional gold holdings, signaling a shift toward more accessible, income-producing digital commodities.

Key points

  • Siebert Financial now offers GLDY to clients without requiring cryptocurrency wallets.
  • GLDY generates up to 3.5% annual yield through gold leasing to commercial counterparties.
  • Each GLDY token is backed one-to-one by physical gold in a regulated vehicle.
  • The integration utilizes tZERO's platform to treat tokenized gold like standard equities.

Background

Streamex Corp. is a financial technology company that tokenizes physical gold to create yield-bearing digital securities. Their model involves holding allocated physical gold in a special purpose vehicle and leasing that gold to generate income, which is then distributed to token holders as additional units. This approach transforms static precious metal holdings into active, income-producing assets.

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