Streamex Wants To Generate A Yield From Physical Gold

Mentioned:

STEX +4.34%

Streamex is bringing physical gold onto the blockchain. And now, they want to generate a yield from it too.

What’s happening:

Streamex Corp (NASDAQ: STEX) has formed a new exclusive partnership with gold lending company Monetary Metals to generate a yield from physical gold bullion leases

Why it matters:‍

Monetary Metals is one of the largest gold leasing companies in North America and has successfully facilitated more than $1B USD in near term gold leases globally

Going deeper:‍

The new partnership will give Streamex a three year deal to fund 10% of all eligible gold leases being done by Monetary Metals and tokenize the yield generated on the blockchain for investors to be able to participate in
Streamex just recently made waves when they raised $15M USD in an equity financing round to begin accumulating physical gold bullion to hold directly as an asset and to tokenize on the Solana and Base blockchains

The intrigue:‍

Osisko Mining (TSX: OSK) founder Sean Roosen and Wheaton Precious Metals (NYSE: WPM) founder Frank Giustra are both early investors and strategic advisors to Streamex

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