Streamex partners with Chainlink to enhance gold-backed token

LOS ANGELES - Streamex Corp. (NASDAQ:STEX), a small-cap technology company with a market capitalization of $83.42 million, announced Monday a strategic partnership with Chainlink to serve as its official oracle and on-chain transparency provider, enhancing functionality for its gold-backed stablecoin GLDY. The company’s stock has shown remarkable momentum, delivering a 445% return over the past year.

The partnership integrates Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across Base and Solana mainnets, enabling seamless token transfers using the Cross-Chain Token standard. Streamex is also implementing Chainlink’s Proof of Reserve for real-time verification of gold reserves backing GLDY, along with Price Feeds to deliver market data. According to InvestingPro, analysts have set a consensus price target of $10 for STEX, though they anticipate sales challenges in the current year.

"Integrating Chainlink’s interoperability and data standards will mark a major step forward in Streamex’s mission to bring real-world assets securely on-chain," said Henry McPhie, Co-Founder and CEO of Streamex.

The integration aims to make GLDY transferable across major blockchain ecosystems, improve liquidity for institutions and users, provide additional verification for gold reserve backing, and simplify asset management within a cross-chain environment.

Streamex selected CCIP as its interoperability solution because it offers self-serve deployments, enhanced programmability, and zero-slippage transfers, according to the company’s statement.

Streamex Corp. focuses on tokenization of real-world commodities, with GLDY being its flagship regulated, yield-bearing digital asset backed by physical gold. While the company operates with moderate debt levels, InvestingPro data reveals some financial challenges, including short-term obligations exceeding liquid assets. InvestingPro subscribers have access to 10+ additional key insights about STEX’s financial health and market position.

Chainlink provides oracle services that power decentralized finance applications and has been adopted by financial institutions including Swift, Mastercard, and UBS.

This information is based on a press release statement from Streamex Corp.

In other recent news, Bio Green Med Solution, Inc. declared a quarterly cash dividend of $0.15 per share on its 6% Convertible Exchangeable Preferred Stock. The dividend is scheduled for payment on November 1, 2025, to preferred stockholders recorded by October 20, 2025. Meanwhile, BioSig Technologies, Inc. announced a name change to Streamex Corp. following a merger with Streamex Exchange Corporation. This change, effective September 12, 2025, also includes a new trading symbol, STEX, on the Nasdaq Capital Market. In another development, Streamex Corp. and Simplify Asset Management signed a letter of intent to explore integrating tokenized gold into ETF structures. This potential partnership aims to create regulated, yield-generating gold products, pending definitive agreements and regulatory approval. Simplify Asset Management currently oversees assets exceeding $10 billion.

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