BioSig Technologies and Streamex are preparing a $1.1 billion fundraising initiative to tokenize gold assets on the Solana blockchain, targeting enhanced liquidity and transparency in commodities markets.
Institutional backing comes from Cantor Fitzgerald, Clear Street, and Needham & Company, with CIBC World Markets providing advisory services for the project. The capital raise will utilize convertible notes, granting investors exposure to BioSig’s common stock.
The tokenization effort enters a global real-world assets (RWA) market valued at $24.5 billion. Solana’s existing RWA market share totals $418 million within this sector, positioning it as an expanding infrastructure for tokenization solutions.
Tokenized gold emerges as a rapidly growing asset class, with trading volumes already exceeding $19 billion. This places blockchain-based gold on par with major gold exchange-traded funds (ETFs) in market scale.