Commodity market tokenization pioneer Streamex Corp. (STEX:NASDAQ) unveiled a strategic partnership with Siebert Financial Corp. and tZERO Group Inc. to offer Streamex's gold-backed, yield-bearing tokenized security, GLDY, via Siebert's extensive wealth management and institutional channels, according to a June 29 release.
This initiative marks a significant milestone in merging traditional financial systems with blockchain technology, as a FINRA-member broker-dealer will now offer a blockchain-native tokenized security using its standard operational framework, the release said. The security will be held on a regulated digital securities platform.
Under the terms of the partnership, Siebert's brokers and institutional sales teams will introduce GLDY to their current clients within the usual scope of investment discussions, eliminating the need for cryptocurrency-specific procedures or technical complications. Clients will purchase GLDY in the same straightforward manner as any other investment product and will have the option to keep their GLDY with tZERO, ensuring a regulated, high-grade custodial service.
"We are extremely excited to bring this collaboration online, fundamentally changing GLDY's distribution profile," Streamex Co-Founder and Chief Executive Officer Henry McPhie said. "By partnering with two best-in-class institutions in Siebert and tZERO, both of whom share our conviction that regulated tokenized securities are the next chapter of capital markets, GLDY can now reach investors through channels they already know and trust. A Siebert broker can offer GLDY to an existing client the same way they would offer any other investment. That kind of access is what drives adoption and grows AUM at scale."
For investors, GLDY offers a gold-backed investment that yields up to 3.5% annually in additional gold through gold leasing, Streamex said. With the new accessibility provided through Siebert's network, a wider range of accredited and institutional investors can now invest in GLDY. Those interested in GLDY but not currently holding a Siebert account can initiate the process by contacting Siebert to open an account and consult with a licensed representative.
"At Siebert, our role is to help investors access what's next in the markets through a trusted brokerage relationship," Siebert Chief Executive Officer John J. Gebbia said. "GLDY is an example of how traditional finance and blockchain-enabled infrastructure can work together without adding complexity for the investor. Clients can speak with their Siebert broker, evaluate whether GLDY fits their goals and risk profile, and, where appropriate, purchase it through a brokerage account."
Alan Konevsky, chairman and CEO of tZERO, noted, "For years, the industry has talked about bringing tokenized real-world assets into the mainstream financial system. This collaboration shows what that looks like in practice. By combining Siebert's trusted brokerage relationships, Streamex's innovative gold-backed security, and tZERO's regulated digital securities infrastructure, we're making tokenized investing available through familiar channels while preserving the benefits of blockchain-based capital markets. This is another step toward a financial system where every asset can become investable."
Siebert Financial manages roughly US$20 billion in assets through its broker-dealer subsidiary, Muriel Siebert & Co., LLC, serving a diverse clientele across the U.S. tZERO and its subsidiaries offer a progressive liquidity platform for private companies and assets, promoting access to private assets through a streamlined, automated trading system.
Third Yield Payment Completed
On June 22, Streamex announced it had successfully completed the third yield payment for its gold-backed, yield-bearing tokenized security, GLDY. This latest distribution, which took place on June 18, 2026, pertained to the yield accumulated from May 1 to May 31, 2026.
The yield for GLDY is derived from Streamex's institutional gold leasing program. The profits from this program are distributed monthly to GLDY holders in the form of additional GLDY tokens. For May, a total of 8.94674 GLDY tokens, equivalent to 8.94674 ounces of gold, were distributed, resulting in a yield of 0.002884 GLDY per token for the holders. This distribution reflects an annualized yield rate of 3.5% for each token.
"Our third distribution underscores the durability and expanding scale of the GLDY model," McPhie said. "As we deepen liquidity, broaden market access, and advance our gold leasing strategy, we are reinforcing GLDYs position as a long-term, income-generating asset for modern portfolios to replace traditional methods of holding gold."
Investors interested in GLDY can access real-time data concerning the token's Net Asset Value (NAV) and reserves here and the Chainlink Proof of Reserves Oracle here.
Additionally, GLDY is available for purchase on Streamex's platform at app.streamex.com.
Report: Streamex Just 'Made It Real'
According to a report by The Cryptonomist on June 29, noted that with the partnership with Siebert all that's needed to digitally invest in gold is "a conversation with a broker."
"For years, the idea of buying a tokenized gold-backed security through a standard brokerage account existed mostly as a conference talking point," the article noted. "Streamex Corp. just made it real. The company's GLDY token — a gold-backed, yield-bearing tokenized security — is now available to purchase through Siebert Financial Corp., a FINRA-registered broker-dealer managing approximately $20 billion in assets. No crypto wallet required. No blockchain onboarding."
The article noted that "what changes now is distribution."
"Through the collaboration with Siebert Financial, GLDY enters one of the most familiar environments in American retail investing: a licensed brokerage account," the website said. "Siebert's brokers can offer GLDY to existing wealth management and institutional clients as part of a standard investment review — the same conversation in which they might discuss equities, fixed income, or alternative assets."
Earning Yield With Gold
1In an analysis of the stock on February 11, John Newell of John Newell & Associates delved into the persistent hurdles that institutional investors encounter with traditional gold investments, such as the absence of yield, the expenses related to the storage and insurance of physical bullion, and the management fees tied to gold ETFs. These challenges are becoming increasingly significant amid a financial landscape characterized by escalating sovereign debt, ongoing inflation concerns, and diminishing real yields.
Newell brought attention to the pioneering solution offered by GLDY, a token that not only facilitates direct exposure to physical gold but also provides an annualized yield in gold instead of fiat currency. Each GLDY token corresponds to a non-voting share in a special purpose vehicle that possesses allocated physical gold, generally maintaining a one-to-one ratio with troy ounces. The gold is leased out to commercial entities via established Monetary Metals programs, and the yield generated is then redistributed to token holders as additional GLDY tokens. This approach redefines the gold-backed instrument from a mere commodity reserve to a more active financial asset.
Highlighting the economic impact of this innovation, Newell remarked, "GLDY allows investors to maintain exposure to gold prices while earning a targeted yield of approximately 4%, without the storage, security, or carry costs associated with bullion, and without the management expense drag of ETFs." He pointed out the contrast with major gold ETFs, which typically levy annual fees around 0.40% and do not offer any yield.
Designed specifically for accredited and institutional investors, GLDY adheres strictly to Know Your Customer (KYC) regulations and is structured as a regulated security, distinguishing it from retail stablecoins and aligning it with the evolving regulatory frameworks in the U.S. concerning the tokenization of real-world assets. This compliance focus is crucial for institutions that value transparency, compliance, and audited reserves before allocating capital.
Newell acknowledged that while GLDY's adoption is still in the preliminary phases and its availability remains restricted, these very aspects underscore the investment potential it represents. As institutions increasingly seek yield-generating alternatives to non-yielding bullion amidst a tough global economic climate, GLDY introduces a revolutionary way to invest in gold, addressing a deep-rooted structural issue in the market. He concluded his review by stating, "In that context, Streamex is not merely tokenizing gold. It is changing how gold functions within an institutional portfolio."
The Catalyst: A Growing Segment of the Digital Assets Market
Tokenized gold has emerged as one of the most rapidly expanding segments within the digital assets market, Neils Christensen wrote for Kitco News on April 27.
According to Kurt Hemecker, CEO of Gold Token SA, a subsidiary of MKS PAMP specializing in tokenization, it is poised for even greater growth, Christensen noted. In a discussion with Kitco News, Hemecker shared insights into the current state of the tokenized gold market, attributing its robust growth not to a lack of demand for gold, but to structural inefficiencies that have curtailed the expansion of tokenized offerings. "I don't think gold in general… has a demand problem," he remarked. "It's more about market structure."
Recent data indicates that blockchain-based gold tokens have expanded at a rate 2.6 times faster than physical gold, with the market capitalization for tokenized gold exceeding US$5 billion in the first quarter of the year. Despite these impressive figures, Hemecker noted several persistent challenges that are inhibiting the sector's full potential. The market for tokenized gold is notably fragmented, characterized by a variety of custody models, legal frameworks, and redemption terms across different products. This fragmentation has led to significant barriers, undermining trust and liquidity and preventing digital gold from being recognized as a cohesive asset class.
Hemecker also emphasized that not all digital gold products offer the same value or reliability. Since the relaunch of MKS's Gold Token in November, he has observed a strong demand for digitized real-world assets, with gold leading the preference among these. Furthermore, he mentioned that recent market fluctuations have not dampened the enthusiasm for digital gold.
"In general, we're still feeling a pretty bullish attitude from institutions, as they're diving into this market," he stated, according to the Kitco piece.
Streetwise Ownership Overview*
Streamex Corp. (STEX:NASDAQ)
Investors are currently grappling with a downturn in gold prices, prompted by recent developments in U.S. monetary policy, according to Crystal Kim of Investopedia on June 28.
The introduction of Kevin Warsh as the new Federal Reserve Chair brought a hawkish stance to the market, leading to anticipations of higher interest rates, Kim wrote. This shift has notably dampened the appeal of gold, traditionally a non-yielding asset, as yield-bearing alternatives like Treasury notes become more attractive in a high interest-rate environment.
Recent data shows gold has decreased by about 5% since the start of the year, now standing at approximately US$4,100 per troy ounce, off from its January peak of US$5,600, marking a 27% reduction.
Despite the current pessimism surrounding gold, some commodities analysts and portfolio strategists are retaining a cautious optimism. They suggest that the significant drops in precious metal prices might set the stage for a potential recovery in the latter half of the year, especially considering the drastic declines.
Ownership and Share Structure2
About 24% of the company is owned by insiders and management, and about 26% is owned by institutions. The rest is retail.
Its market cap is US$145.66 million with 181.81 million shares outstanding. It trades in a 52-week range of US$0.70 and US$14.11.
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Important Disclosures:
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Streamex Corp.
- Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
- This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.
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1. Disclosure for the quote from the John Newell article published on February 11, 2026
- For the quoted article (published on February 11, 2026), Streamex has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
- Author Certification and Compensation: John Newell of John Newell and Associates was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.
John Newell Disclaimer
As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.
2. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.
