Biosig and Streamex Secure $1.1 Billion to Launch Gold-Backed RWA Tokenization Strategy
Main Idea
Biosig Technologies and Streamex Exchange have secured $1.1 billion in financing to launch a gold-backed treasury strategy and expand real-world asset (RWA) tokenization in the commodities sector.
Key Points
1. Biosig Technologies (Nasdaq: BSGM) and Streamex Exchange secured up to $1.1 billion in financing, including a $1 billion equity line of credit over 36 months.
2. The funding will support a gold-backed treasury strategy and RWA tokenization, targeting the $22 trillion global gold market.
3. Biosig CEO Henry McPhie emphasized the goal of combining physical gold's value with blockchain innovation to enhance liquidity, transparency, and accessibility in the $142 trillion commodities market.
4. The initiative highlights gold's daily trading volume of $233 billion, significantly higher than Bitcoin's.
5. The partnership aims to capitalize on the growing RWA tokenization sector, starting with gold as a foundational asset.
Description
Biosig Technologies and Streamex Exchange have secured up to $1.1 billion in financing to launch a gold-backed treasury strategy and expand real-world asset tokenization in the commodities sector. Nasdaq-Listed Biosig Eyes $16 Trillion RWA Tokenization Market With Massive Gold Treasury Plan Biosig Technologies (Nasdaq: BSGM), following its merger with Streamex Exchange Corporation, has announced definitive
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