According to ME News, on July 2 (UTC+8), Streamex Corp. announced that its gold-backed, tokenized income-generating security, GLDY, is now available for purchase through traditional brokerage accounts. The product is distributed by Siebert Financial, a FINRA-member broker-dealer, and custodied by the regulated digital securities platform tZERO, with Streamex issuing GLDY to accredited investors. GLDY offers an annualized yield of up to approximately 3.5%, paid monthly in additional gold, generated by lending the underlying metal to commercial users such as jewelers, mints, and refiners. Streamex stated that GLDY was launched in February and began 24/7 secondary trading in May on the Solana-based decentralized exchange Orca. Currently, GLDY is available exclusively to verified accredited investors as a regulated security. Streamex is building a tokenization platform for real-world assets and plans to launch a digital gold product accessible to retail investors, expected to be tradable on decentralized exchanges such as Jupiter, Meteora, and Orca. (Source: ODAILY)
Streamex Launches Tokenized Gold Security GLDY, Available Through Traditional Broker Accounts
KuCoinFlashShare
Summary
Streamex Corp. announced on July 2 (UTC+8) that its tokenized gold security, GLDY, is now accessible through traditional brokerage accounts. Distributed by FINRA-member Siebert Financial and custodied on tZERO, GLDY offers a 3.5% annualized yield in gold, generated by lending the physical metal to commercial users. Launched in February, GLDY began 24/7 trading on Orca in May. On-chain data indicates the token is currently restricted to accredited investors. Streamex plans to launch a retail-focused digital gold product on DEXs such as Jupiter and Meteora. No security breach has been reported.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.