Gold Rush 2.0: Because Who Needs Actual Gold?

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So, it turns out that BioSig and Streamex have managed to scrounge up a whopping $1.1 billion in growth financing. And what are they planning to do with all that cash? Well, they’re going all in on on-chain commodities, because who needs actual gold when you can have a tokenized version of it? 💸

The two companies, which are basically BFFs now after signing a letter of intent to merge, are planning to use the funding to establish a gold-backed treasury business. Because, you know, the world really needs another way to buy and sell gold. 🙄 Of the total funding, $100 million is in the form of convertible debentures, while the remaining $1 billion is an equity line of credit. Because who doesn’t love a good debt?

BioSig’s share price took a bit of a hit on the news, falling 27.4% on Tuesday. But hey, it’s still up 541% in the past six months, so they’re basically printing money over there. 💸

But wait, there’s more! The entry into tokenized gold puts BioSig and Streamex up against some big players in the market, like Paxos Gold (PAXG) and Tether Gold (XAUT). Because who doesn’t love a good game of “tokenized gold chicken”? 🐓

According to CoinGecko, PAXG has a market capitalization of $926 million, while XAUT holds a $814.5 million market cap. So, BioSig and Streamex have their work cut out for them if they want to become the tokenized gold champions of the world. 🏆

Henry McPhie, CEO of BioSig Technologies and co-founder of Streamex, told CryptoMoon that their approach will be “slightly different” than Paxos and Tether. Because, you know, being different is what it’s all about in the world of tokenized gold. 🤪

“At Streamex, what we aim to do is use our balance sheet capital to seed liquidity into creating gold and structured product gold-related tokens,” McPhie said. “Slightly different than the PaxG and Tether Gold model. We have the ability to potentially purchase gold and gold-like assets ourselves, tokenize those assets and then bring them to market.” Because who needs actual gold when you can just tokenize it and sell it to people? 🤑

He said the company expects to generate revenue from its tokenized gold fund through four routes: origination fees, tokenization fees, secondary trading fees, and spread income. Because who doesn’t love a good fee? 🤑 The plan is to bring the first tokenized gold asset to market by early 2026, so mark your calendars, folks! 📅

Tokenized Commodities: Because Who Needs Actual Commodities?

RWA tokenization has emerged as one of the crypto trends in 2025, because who doesn’t love a good trend? 🤪 According to RWA.xyz data, tokenized commodities lag behind other tokenized assets like US Treasurys and the private credit market. But hey, it’s growing, so that’s something, right? 🌱

The total tokenized commodities market cap is $1.62 billion, which is a whopping 6.6% of the overall tokenization market of $24.5 billion. So, there’s definitely room for growth, or at least that’s what BioSig and Streamex are hoping. 🤞

Paxos Gold and Tether Gold together account for 98.9% of the total market value of tokenized commodities, because who needs competition when you can just dominate the market? 🤪 Of the eight precious metal RWA products listed on RWA.xyz, six are tied to gold, one to silver, and one to platinum. Because who needs diversity when you can just stick with what you know? 🙄

Statista projects that the general commodities market will reach $142.9 trillion in 2025, which is a lot of money. But hey, who needs actual commodities when you can just tokenize them and sell them to people? 🤑

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2025-07-09 01:05