BioSig & Streamex Aim to Tokenize $1.1B in Gold on Solana—Here’s Why It Matters
Gold meets blockchain in a billion-dollar play. BioSig and Streamex are teaming up to tokenize $1.1B worth of the precious metal—all on Solana’s high-speed network. Could this be the spark that finally drags gold into the 21st century? Or just another shiny distraction for crypto bros?
Why Solana? Speed, cost, and scalability. The network’s sub-second finality and low fees make it a no-brainer for institutional-grade tokenization. Forget Ethereum’s gas wars—this is where heavyweights play.
The $1.1B question: Who’s buying? With traditional finance still sniffing at crypto, the duo will need to convince goldbugs that digital ownership beats vaults and paper certificates. Good luck explaining memecoins to those guys.
Closing thought: Nothing says 'trustless' like backing tokens with an asset humanity’s hoarded for millennia. At least it’s not another algorithmic stablecoin.
Gold treasury strategy
A slew of companies have recently said they are pivoting to a crypto treasury strategy, raising capital by selling shares and issuing debt and investing in tokens like Bitcoin (BTC) and Ethereum's ether (ETH).
BioSig is taking a different approach. The merged entity is positioning itself as a gold treasury company while betting on the red-hot tokenization trend. Tokenized assets, or traditional instruments like stocks, funds and commodities on blockchain rails, are projected to become a multitrillion dollar market over the next years, reports by BCG, McKinsey and Standard Chartered said.
The company plans to hold physical gold through a top-tier bullion bank and denominate much of its balance sheet in the yellow metal rather than fiat currency.
Meanwhile, Streamex plans to issue tokens backed by gold and other commodities through its platform built on the solana (SOL) blockchain.
"By combining the value of physical gold with the innovation of blockchain, we are building a company grounded in what we believe to be the world’s most trusted store of value while enabling a scalable, high-return business model through tokenization," BioSig CEO and Streamex co-founder Henry McPhie said in a statement.
"Our mission is to unlock liquidity, transparency, and accessibility across the $142 trillion commodities market, and this milestone is just the beginning," he added.
