BioSig and Streamex Aim to Secure $1.1 Billion for Gold Tokenization Initiative on Solana

BioSig Technologies has successfully secured a financing agreement of up to $1.1 billion to develop a gold-backed treasury strategy and enhance its tokenization platform.

• Recent Developments:
  • BioSig merged with Streamex, which focuses on tokenization using the Solana blockchain.
  • Shares of BioSig rose over 600% since the merger announcement despite a 43% drop observed recently.

Key Financial Information

The financing details involve $100 million in secured convertible debentures and a $1 billion equity line of credit. The debentures offer a 4% interest rate and can be converted into common equity.

BioSig-Streamex The merged BioSig-Streamex plans to hold gold bullion as a treasury asset. (Scottsdale mint/Unsplash)

BioSig’s strategy contrasts with various firms pivoting to cryptocurrencies by adopting a gold treasury model while exploring tokenization. The company aims to hold physical gold through leading bullion banks and denominate its balance sheet substantially in gold.

As expressed by CEO Henry McPhie, this venture intends to integrate the value of physical gold with blockchain innovation, targeting a multi-trillion dollar market for tokenized real-world assets.