Streamex Corp. has seen a notable 20% increase in its share price following the announcement of a pre-sale for its new gold-backed stablecoin, GLDY. Designed to provide a yield of 4% annually, this digital token is aimed specifically at institutional investors, with availability set to begin by November 10.

The GLDY token claims to offer holders exposure to physical gold, with its yield paid in gold ounces, as announced by the company.

“The launch of GLDY represents a major evolution in how investors can access and benefit from physical gold,” said Henry McPhie, the co-founder and CEO of Streamex. “Now, instead of paying to hold gold, investors can get paid to hold gold.”
Translation: “The launch of GLDY represents a significant advancement in how investors can access and benefit from physical gold. Now, rather than paying to hold gold, investors can earn revenue from holding it.”

The pre-sale aims for an initial capacity of $100 million, with Streamex committing $5 million itself, and the issuance could rise to $1 billion based on demand. Yield is reportedly generated through exclusive gold leasing agreements with Monetary Metals.

GLDY Pre-Sale Minimum Investment Requirements

Investors interested in the GLDY token must meet minimum investment thresholds: $200,000 for individuals and $1 million for institutional entities.

“The combination of capital preservation, liquidity, and yield denominated in ounces is purpose-built for portfolio managers, ETFs, and institutional balance sheets seeking durable cash management, and diversified commodity exposure,” McPhie noted.
Translation: “This combination of capital preservation, liquidity, and earnings measured in ounces is specifically designed for managers of portfolios, ETFs, and institutional accounts that require sustainable cash management and a variety of commodity exposure.”

The market reacted positively, as Streamex shares soared by 20.42% throughout the trading day, continuing to see slight increases in pre-market trading, per Google Finance.

This initiative follows Streamex’s acquisition of $1.1 billion in growth funding alongside BioSig, focused on launching a gold-backed onchain treasury business.

As the demand for gold increases among crypto firms, Streamex’s move into gold-backed stablecoins reflects a wider trend. Recently, Tether purchased a 32% stake in Canada’s Elemental Altus Royalties and is exploring investment options across the gold supply chain.