Streamex and Simplify sign letter of intent for tokenized gold ETF products

NEW YORK/LOS ANGELES - Streamex Corp. (NASDAQ:STEX), whose stock has surged over 840% in the past six months according to InvestingPro data, and Simplify Asset Management have signed a letter of intent to explore integrating Streamex’s tokenized yield-bearing gold into ETF structures, according to a press release issued Wednesday.

The potential partnership aims to combine Streamex’s blockchain-based tokenized gold with Simplify’s ETF framework to create regulated, yield-generating gold products. Simplify currently manages over $10 billion in assets. With a current market capitalization of approximately $108 million, Streamex appears overvalued according to InvestingPro’s Fair Value analysis.

Under the proposed collaboration, the companies would jointly develop and distribute exchange-traded products that incorporate tokenized commodities, beginning with gold. The integration would provide ETF investors with exposure to yield-generating gold assets within regulated investment vehicles.

"Gold is a cornerstone of global portfolios, but until now, investors have been limited to non-yielding exposures," said Paul Kim, CEO and Co-Founder of Simplify Asset Management.

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

The companies emphasized that the partnership remains subject to definitive agreements and regulatory approval. No specific timeline was provided for product launches or final agreement completion.

Streamex specializes in tokenizing real-world assets with a focus on gold and commodities, while Simplify is known for developing ETF strategies across equities, fixed income, alternatives, and structured products.

The announcement comes as financial firms increasingly explore ways to bridge traditional investment vehicles with blockchain technology applications. While Streamex shows strong momentum with a 1,852% return over the past year, InvestingPro analysis reveals challenges ahead, including anticipated sales decline and negative EBITDA of -$26.8 million. InvestingPro subscribers have access to 12 additional key insights about Streamex’s financial health and market position.

In other recent news, Streamex Corp. announced a significant development involving a potential partnership with Simplify Asset Management. The two companies have signed a letter of intent to explore integrating Streamex’s tokenized gold yield product into Simplify’s exchange-traded fund structures. This collaboration aims to create tokenized exchange-traded product solutions, pending definitive agreements and regulatory approval. Additionally, Streamex, formerly known as BioSig Technologies, has completed a name change following its merger with Streamex Exchange Corporation, with its trading symbol now updated to STEX on the Nasdaq Capital Market.

In a separate development, Streamex entered into a strategic partnership with Monetary Metals to develop tokenized gold products offering up to 4% annual yield for investors. This exclusive three-year agreement grants Streamex rights to tokenize Monetary Metals’ yield-bearing gold products. Furthermore, BioSig Technologies, prior to its rebranding, received shareholder approval to increase the number of authorized shares of common stock from 200 million to 500 million. These recent developments highlight Streamex’s strategic moves in the financial and commodities markets.

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