BioSig and Streamex have secured $1.1 billion in growth financing to support their shift towards on-chain commodity business, starting with gold.
The two companies signed a letter of intent for a merger on May 5, indicating that this funding will help establish a gold-backed asset business focused on tokenized financial instruments. Of the total financing, $100 million is provided in the form of convertible bonds, while the remaining $1 billion is an equity credit line.
Following the news on Tuesday, BioSig's stock price fell by 27.4%, although it has still risen by 541% over the past six months.
Entering the tokenized gold space puts the company in competition with existing RWA participants that hold significant market share and liquidity.
Paxos Gold (PAXG) and Tether Gold (XAUT) are among the companies exploring tokenized gold. Both cryptocurrencies are backed by physical gold stored in vaults. According to CoinGecko data, as of the time of writing, PAXG has a market capitalization of $926 million, while XAUT has a market capitalization of $814.5 million.
Henry McPhie, CEO of BioSig Technologies and co-founder of Streamex, told Cointelegraph that the new company's approach will be "slightly different" from Paxos and Tether.
"At Streamex, our goal is to use our balance sheet capital to inject liquidity into the creation of gold and structured product-related gold tokens," McPhie said. "This is slightly different from the PaxG and Tether Gold model. We have the capability to purchase gold and gold-like assets ourselves, tokenize those assets, and then bring them to market."
He stated that the company expects to generate revenue from its tokenized gold fund through four avenues: initiation fees, tokenization fees, secondary trading fees, and spread income. The plan is to launch the first tokenized gold asset in early 2026.
RWA tokenization has become one of the trends in cryptocurrency for 2025, further blurring the lines between traditional finance and digital assets. According to RWA.xyz data, tokenized commodities lag behind other tokenized assets, such as U.S. Treasuries and the private credit market. However, it has been growing.
The total market capitalization of tokenized commodities is $1.62 billion, accounting for 6.6% of the overall $24.5 billion tokenized market.
Paxos Gold and Tether Gold together account for 98.9% of the total market capitalization of tokenized commodities. Among the eight precious metal RWA products listed by RWA.xyz, six are related to gold, one is related to silver, and one is related to platinum.
Statista predicts that the total market size for commodities will reach $142.9 trillion by 2025.
Related: Metaplanet targets digital bank acquisitions in the second phase of its Bitcoin (BTC) strategy
Original article: “BioSig, Streamex Secures $1.1 Billion Financing for Gold Tokenization”
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