Streamex and Simplify sign letter of intent for tokenized gold ETF

NEW YORK/LOS ANGELES - Streamex Corp. (NASDAQ:STEX), whose shares have surged over 1,900% in the past year and 41.8% in the last week alone, announced Wednesday it has signed a letter of intent with Simplify Asset Management to explore integrating Streamex’s tokenized gold yield product into Simplify’s ETF structures. InvestingPro analysis shows the company’s stock has been notably volatile, with 13 key insights available to subscribers.

The potential partnership aims to develop exchange-traded products that incorporate tokenized commodities, starting with gold, subject to definitive agreements and regulatory approval. Simplify currently manages over $10 billion in assets. With a current market capitalization of $109.1 million and analysts setting a consensus target price of $10, Streamex appears positioned for potential growth in this expanding market.

Under the proposed collaboration, Streamex’s yield-bearing gold token could be embedded directly into Simplify’s ETFs, potentially creating institutional demand for Streamex’s Gold Yield Token by offering ETF investors exposure to yield-generating, tokenized gold assets within regulated products.

"Gold is a cornerstone of global portfolios, but until now, investors have been limited to non-yielding exposures," said Paul Kim, CEO & Co-Founder of Simplify Asset Management. "By incorporating Streamex’s tokenized gold yield products into our ETFs, we are unlocking an entirely new investment category."

The letter of intent outlines a framework for the companies to design, launch, and distribute products that bridge blockchain-based tokenization with the regulated ETF market.

Henry McPhie, CEO of Streamex Corp., described the potential partnership as "a transformative step in uniting the $10 trillion USD ETF industry with the innovation of real-world asset tokenization."

The companies indicated that any formal partnership would be subject to definitive agreements and necessary regulatory approvals. The announcement is based on a press release statement from Streamex. For deeper insights into Streamex’s financial health and growth potential, including exclusive financial metrics and analyst recommendations, visit InvestingPro.

In other recent news, BioSig Technologies, Inc., which has merged with Streamex Exchange Corporation, announced the completion of a public offering that raised approximately $15 million. The company sold 3,852,149 shares of common stock at $3.90 per share, with plans to use the proceeds for purchasing gold bullion and general corporate purposes. Shareholders of BioSig Technologies have also approved an increase in the number of authorized shares of common stock from 200 million to 500 million. This amendment became effective upon filing with the Secretary of State of Delaware. Additionally, BioSig Technologies is set to change its name to Streamex Corp. and its trading symbol to STEX, effective September 12, 2025. In a strategic move, Streamex, a wholly-owned subsidiary of BioSig, has partnered with Monetary Metals to develop tokenized gold products targeting up to a 4% annual yield for investors. This partnership grants Streamex rights to tokenize Monetary Metals’ yield-bearing gold products. These developments highlight BioSig Technologies’ efforts to expand its financial and operational strategies.

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