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.
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