Nasdaq-listed commodity tokenization company Streamex Corp (STEX) has launched GLDY, a gold-backed digital security that provides 1:1 exposure to physical bullion while generating yield.
The product, which went live on February 25, opened with an annual percentage yield of 3.5%, with the company targeting up to 4% annualized returns.
The yield is generated through gold leasing arrangements with Monetary Metals, a firm that leases physical gold to refineries, mints, and jewelry manufacturers. Distributions are paid monthly in additional GLDY units rather than cash, compounding the investor’s total gold holdings over time.
The structure is designed to remove a longstanding cost of gold ownership. Traditional holders absorb storage fees or ETF management charges without generating income. GLDY attempts to flip that dynamic.
“With this launch gold is no longer an asset investors need to pay to hold, through GLDY investors can now get paid to hold gold,” said Henry McPhie, CEO of Streamex.
Streamex said it received indications of interest exceeding $100 million ahead of the launch. The product is aimed at high-net-worth individuals and family offices.
On the liquidity side, Streamex has engaged tZERO to support secondary trading of GLDY on its SEC- and FINRA-regulated Alternative Trading System. Chainlink provides on-chain Proof of Reserves to verify that physical gold backing matches tokens in circulation.
Streamex emerged from a merger with medical technology firm BioSig Technologies in July 2025, pivoting the listed entity toward real-world asset tokenization. The company raised $40.25 million through a public offering in late January and reported a cash position of approximately $50 million as of February, according to company filings. It reported zero revenue for Q4 2025.
