Tether Asset Custodian Backs $1,100,000,000 Financing for Gold Bullion-Focused RWA Project

The financial services giant and Tether asset custodian Cantor Fitzgerald is backing a more than $1 billion financing plan for a real-world asset (RWA) project focused on gold. BioSig Technologies (BSGM), which has just merged with Streamex Exchange Corporation, says in a new statement that it will raise $1.1 billion in financing to establish a tokenized commodities project and a gold treasury company. Says BioSig CEO and Streamex co-founder Henry McPhie, “By combining the value of physical gold with the innovation of blockchain, we are building a company grounded in what we believe to be the world’s most trusted store of value while enabling a scalable, high-return business model through tokenization. Our mission is to unlock liquidity, transparency, and accessibility across the $142 trillion commodities market, and this milestone is just the beginning.” The financing includes $100 million in senior secured convertible debentures and $1 billion in an equity line of credit. Cantor Fitzgerald and Clear Street are serving as the co-lead placement agents. BioSig, a medical technology company, completed its merger with Streamex on July 8th. Streamex operates a tokenization platform on the Solana ( SOL ) blockchain. Says co-founder of Streamex and chairman of BioSig, Morgan Lekstrom, “We are committed to demonstrating to the market and our shareholders the full potential of this platform to redefine how real-world assets are accessed, valued and monetized.” According to the statement, BioSig intends to “hold significant quantities of gold bullion” and “fund and issue a variety of gold-related tokens… offering the potential for returns that outperform traditional bullion holdings.” BSGM is trading for $8.39 at time of writing. Follow us on X , Facebook and Telegram Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Tether Asset Custodian Backs $1,100,000,000 Financing for Gold Bullion-Focused RWA Project appeared first on The Daily Hodl .

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