BioSig and Streamex eye $1.1b for a gold-backed treasury strategy on Solana
2025-07-08 20:01:40
Main Idea
BioSig Technologies and Streamex plan to raise up to $1.1 billion via convertible debentures to tokenize real-world assets, particularly gold, on the Solana blockchain, aiming to bring liquidity and transparency to the commodities market.
Key Points
1. BioSig Technologies and Streamex entered a definitive agreement to raise up to $1.1 billion through convertible debentures.
2. The companies aim to tokenize gold and bring a portion of the $142 trillion commodities market onchain via Solana (SOL).
3. Blockchain technology is expected to enhance liquidity, transparency, and accessibility in the commodities market.
4. The global onchain RWA (real-world assets) value is approximately $24.5 billion, with $418 million attributed to gold tokenization.
5. Streamex co-founder and BioSig chairman Morgan Lekstrom highlighted the integration of physical gold with tokenization as a milestone in global finance.
Description
Nasdaq-listed medical device technology firm BioSig Technologies and real-world asset tokenization company Streamex are looking to raise up to $1.1 billion in financing to launch a gold-backed treasury management strategy powered by Solana. BioSig and Streamex said in a press release on July 8 that the companies have entered into a definitive agreement that will see them raise up to $1.1 billion from a leading institutional investor. Streamex & BioSig plan to raise the funds via a debenture, off...
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