NASDAQ-registered medical device technology company BioSig Technologies and real-world asset tokenization company Streamex aim to raise up to $1.1 billion to launch a financial management strategy powered by Solana.
Biosig and Streamex said in a press release on July 8 that the company has concluded a decisive agreement confirming that it will raise up to $1.1 billion from major institutional investors.
Streamex & Biosig plans to raise funds through Debenture, selling $100 million sales on senior security convertible notes and stock credit lines up to $1 billion. The bonds will be converted into shares of Biosig’s common stock.
Following the announcement, BioSig and Streamex are focusing on real-world asset footprints through money. Their goal is to bring chunks of Onchain, a $142 trillion commodity market through Solana (Sol).
Henry McPhie, BIOSIG CEO and co-founder of Streamex, says blockchain technology will help unlock liquidity, transparency and accessibility.
“This funding marks a pivotal moment for the evolution of not only Streamex and Biosig, but also global financial markets. By combining physical gold values with blockchain innovation, we are enabling scalable, sophisticated business models and building through tokenization, while building a company based on the world’s most reliable and valuable storage.
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Great opportunity to turn gold tokens
Biosig’s announcement follows the merger with Streamex, which has become one of Nasdaq’s biggest gold bullion holders, with fundraising initiatives led by Cantor Fitzgerald, Clear Street and Needham & Company looking to solidify the position. CIBC World Markets served as a strategic advisor.
Streamex considers RWA tokenization as a major ecosystem in the evolving market, saying gold tokenization could potentially run through Bitcoin (BTC) as traditional financial institutions accept exposure to tokenized assets.
For each data from RWA.xyz, the global Onchain RWA value is approximately $24.5 billion in stable, US Treasury, commodities, private credit, equities, global debt and institutional funds. Approximately $418 million of this value is currently in Solana.
Morgan Lekstrom, co-founder of Streamex and chairman of Biosig, is integrating physical gold with the value of tokenization, a major milestone.
“The integration of gold and commodity chains represents a transformative evolution in global finance,” says Lekstrom. “There are many financial models, but we combine the approach pioneered by Streamex and Biosig with physical gold and a scalable and profitable tokenization platform to present an entirely new value proposition for token holders.”
read more: Tokenized Gold Breaks $1.9 billion in volume, rivaling Major Gold ETFs
