Svmuu News: Streamex Corp. announced that its gold-backed, tokenized income security, GLDY, is now available for purchase through standard brokerage accounts. The product is distributed by Siebert Financial, a FINRA member firm, and custodied by the regulated digital securities platform tZERO. Streamex offers GLDY to accredited investors.
GLDY offers an annualized yield of up to approximately 3.5%, distributed monthly in the form of additional gold. The yield is generated by lending the underlying metal to commercial users such as jewelers, mints, and refiners. Streamex stated that GLDY was launched in February and gained 24/7 secondary trading in May through Orca, a Solana-based decentralized exchange.
GLDY is currently available only to verified qualified investors as a regulated security. Streamex is building a tokenization platform for real-world assets and plans to launch a digital gold product for retail investors, which is expected to be tradable on decentralized exchanges such as Jupiter, Meteora, and Orca.