Streamex shares experienced a surge of over 20% on Monday following the announcement of the pre-sale launch for its gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4.0%, is slated to open for qualified investors on or before November 10.
The GLDY token provides exposure to physical gold bullion, with yield paid in ounces of gold, primarily targeting institutional investors. Streamex sees the stablecoin as a key part of its broader strategy to tokenize real-world commodities through digital instruments.
According to Henry McPhie, co-founder and CEO of Streamex, the launch of GLDY marks a significant advancement in how investors can access and benefit from physical gold. McPhie stated that investors can now get paid to hold gold instead of paying to hold it.
The GLDY pre-sale has an initial capacity of $100 million, with Streamex committing at least $5 million. Depending on demand, the company anticipates that issuance could expand to $1 billion. Yield is generated through gold leasing deals backed by Streamex's partnership with Monetary Metals.
Participation in the GLDY token sale is limited to accredited individuals and institutions. The minimum investment is $200,000 for individuals and $1 million for institutional entities. McPhie emphasized that the combination of capital preservation, liquidity, and yield denominated in ounces is purpose-built for portfolio managers, ETFs, and institutional balance sheets seeking durable cash management and diversified commodity exposure.
The market responded favorably to the announcement, with Streamex shares jumping 20.42% on the day. The shares continued to trade slightly higher in the pre-market session, according to data from Google Finance.
This initiative follows Streamex and BioSig securing $1.1 billion in growth funding in July to launch a gold-backed, onchain treasury business. The move reflects a growing trend of crypto companies diversifying into gold.
In related news, mining billionaire Frank Giustra has increased his stake in Streamex Corp. Giustra acquired 128,205 shares in Streamex Corp's most recent financing round at $3.90 USD per share and also purchased 51,400 shares in Streamex Corp through the open market at prices ranging between $4.64 USD and $4.72 USD per share. Giustra now owns a total of 17,193,640 common shares in Streamex Corp, representing 12.02% of the company.
