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.

Generated Image: Midjourney