BioSig and Streamex secure $1.1 BILLION to Tokenize the Commodity Market
Will Tokenized Gold Dethrone #bitcoin ?
BioSig Technologies (BSGM), a medical technology company listed on Nasdaq, has secured an impressive funding of up to $1.1 billion from an undisclosed institutional investor. This growth capital is intended to drive an ambitious plan: the tokenization of the massive commodity market, especially gold. This news comes after BioSig's recent merger with Streamex.
📌 Key Players: Cantor Fitzgerald, known for its role as custodian of Tether, and Clear Street co-led this placement, adding significant weight to the legitimacy of the operation.
📌 Vision for Commodity Tokenization: The main objective is the tokenization of the commodity market, a sector valued at $142 trillion.
📌 Tokenized Gold vs. Bitcoin: The company has the bold conviction that tokenized #oro could outperform #BTC citing higher trading volume, greater market capitalization, and increased institutional adoption as key factors.
📌 Gold-Backed Treasury Strategy: BioSig and Streamex plan to launch a gold-backed treasury management strategy using this new funding.
Henry McPhie, CEO of BioSig and co-founder of Streamex, emphasized that their mission is "to drive liquidity, transparency, and accessibility in the commodity market," and considers this milestone just the beginning.