Streamex Partners with Siebert Financial and tZERO to Launch GLDY
Streamex announced a strategic collaboration with Siebert Financial and tZERO Group to make its gold-backed, yield-bearing tokenized security, 'GLDY', available through Siebert's wealth management and institutional distribution channels. Under the agreement, Siebert brokers will be able to offer 'GLDY' directly to their clients, with custody handled on tZERO's regulated digital asset platform. The company noted that 'GLDY' pays up to a 3.5% annualized yield in additional gold through gold leasing, with Siebert managing approximately $20B in assets under management. "We are extremely excited to bring this collaboration online, fundamentally changing GLDY's distribution profile. 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," said Henry McPhie, co-founder and CEO of Streamex.
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- Buyback Program Launch: Streamex's board has authorized a new share repurchase program allowing the company to buy back up to 10 million shares of its common stock at prices up to $2.00 per share over the next 12 months, reflecting confidence in its stock value.
- Market Capitalization: Currently, Streamex has a market cap of approximately $198 million, and the implementation of this buyback program is expected to further enhance investor confidence in the company's future growth potential, potentially positively impacting the stock price.
- Stock Price Reaction: During pre-market trading on Tuesday, Streamex's stock price traded about 5% higher, indicating a positive market reaction to the buyback program and suggesting investor approval of the company's strategic direction.
- Financial Performance Overview: Although Streamex reported a GAAP EPS of -$0.27, missing estimates by $0.24, the buyback program could improve earnings per share by reducing the number of shares outstanding, thereby enhancing the company's overall financial performance.
- Repurchase Program Scale: Streamex's board has authorized a new share repurchase program allowing the company to buy back up to 10 million shares over the next 12 months at a maximum price of $2.00 per share, aimed at enhancing shareholder value and reflecting the company's intrinsic worth.
- Management Confidence: Executive Chairman Morgan Lekstrom stated that this repurchase program is a direct expression of confidence in Streamex's value, asserting that the current stock price does not reflect the progress made in infrastructure and market opportunities, demonstrating a strong belief in long-term growth.
- Market Operation Flexibility: The repurchase program permits the company to buy back shares in the open market or through privately negotiated transactions, with the board's decision reflecting its view on the company's current valuation and indicating the company's operational flexibility in the market.
- Company Background: Streamex focuses on the tokenization and digitalization of commodity real-world assets, delivering institutional-grade solutions that bridge traditional finance and blockchain markets through secure, regulated financial instruments, aiming to drive business growth.
- Independent Audit Completed: EisnerAmper LLP has completed its first independent audit of GLDY gold reserves, confirming that as of March 31, 2026, the reserves exceed 3,064.91 ounces, fully backing 3,064.67 redeemable tokens, thereby ensuring investor trust in the tokens.
- Commitment to Ongoing Transparency: Streamex pledges to conduct monthly independent audits to provide continuous verification of gold reserves, enhancing investor confidence in GLDY tokens and meeting institutional investors' demands for transparency and compliance.
- Gold Leasing Yield: The GLDY token not only offers up to a 3.5% annual yield but also generates additional income through a gold leasing program, further enhancing its market appeal and competitiveness.
- Integration of Technology and Compliance: As a technology company focused on the tokenization of commodity markets, Streamex aims to bridge traditional finance and blockchain markets through secure, compliant financial instruments, driving the digital transformation of the industry.
- Collaboration to Expand Tokenized Securities: Siebert Financial Corp. announces a partnership with tZERO and Streamex to offer GLDY tokenized securities through regulated digital market infrastructure, representing a significant step in integrating traditional finance with blockchain technology.
- Features of GLDY Tokenized Security: GLDY is a gold-backed, yield-bearing tokenized security that Siebert will make available to accredited investors via private placement, potentially attracting more institutional investors into this emerging market.
- Technology and Compliance Support: tZERO will provide the complete technology and compliance infrastructure for Siebert's digital securities initiative, including investor onboarding, custody, and trading infrastructure, ensuring that tokenized securities operate within a regulated framework.
- Innovation in Market Structure: This collaboration not only offers investors a more familiar investment channel but also provides issuers with new distribution and market structure ideas, facilitating the transition of tokenized securities from concept to execution and supporting Siebert's ongoing growth in the fintech sector.
- Expanded Investment Channels: The collaboration between Streamex, Siebert, and tZERO enables GLDY, a gold-backed yield-bearing tokenized security, to be purchased through Siebert's wealth management and institutional distribution channels, significantly broadening its investor base, particularly among accredited and institutional clients.
- Simplified Investment Process: Investors can now purchase GLDY through Siebert brokers without needing blockchain knowledge, allowing them to engage with GLDY just like any other financial instrument, which is expected to enhance market adoption and grow assets under management at scale.
- Yield Potential: GLDY offers an annualized yield of up to 3.5% through gold leasing, attracting investors seeking stable returns, thereby increasing GLDY's market appeal and positioning it as a competitive investment option.
- Industry Transformation Significance: This partnership signifies a pivotal moment in the convergence of traditional finance and blockchain markets, with Siebert's role as a FINRA-member broker demonstrating the feasibility of tokenized securities within the mainstream financial system, laying the groundwork for future financial innovations.
- Yield Distribution Details: Streamex completed the third yield distribution for its GLDY token on June 18, 2026, covering the yield period from May 1 to May 31, 2026, demonstrating the stability and growth potential of its tokenized assets.
- Token Yield Rate: Each GLDY token currently earns an annualized yield of 3.5%, with 8.94674 GLDY (equivalent to 8.94674 ounces of gold) distributed in May, resulting in a distribution of 0.002884 GLDY per token, enhancing returns for holders.
- Market Strategy: CEO Henry McPhie stated that as liquidity deepens and market access broadens, GLDY is progressively becoming a long-term income-generating asset to replace traditional gold holdings, reflecting advancements in the company's gold leasing strategy.
- Real-Time Data Access: Investors can view real-time GLDY net asset value and reserves through the Streamex website and Chainlink's Proof of Reserves Oracle, further enhancing transparency and investor confidence.







