đš BioSig & Streamex Target $1.1B for Gold-Backed Strategy on Solana
đ€ #BioSig Technologies (Nasdaq-listed) and #Streamex are teaming up to raise $1.1 billion to launch a gold-backed treasury strategy powered by $SOL
đ¶ $100M in senior secured convertible notes
đ¶ $1B equity line of credit from institutional investors
đ¶ Strategic goal: bring part of the $142T global commodities market onchain
đŻ Their plan: merge physical gold with blockchain tokenization to unlock liquidity, scalability, and transparency â all on #Solana
đŁïž âWeâre combining the worldâs most trusted store of value with the innovation of Web3 finance,â says Streamex co-founder Henry McPhie.
đ° This move follows BioSigâs merger with Streamex, now positioning it as one of Nasdaqâs largest gold holders. Backers include Cantor Fitzgerald, Clear Street, and CIBC World Markets.
đ„ With just $418M of real-world assets currently on Solana, this could be a major catalyst for Solanaâs RWA adoption.