Real-world asset tokenization company Streamex Corp. (STEX:NASDAQ) announced the official launch date for GLDY, a gold-backed, tokenized security designed to offer exposure to physical gold while generating yield, according to a February 18 release.
GLDY is set to launch on February 25, 2026.
"For decades, investors have accepted that holding gold comes with a cost, whether through storage, insurance, or ETF management fees," co-founder and Chief Executive Officer Henry McPhie said. "GLDY fundamentally changes that equation. After more than three and a half years of building the infrastructure, we’ve created a product that allows investors to maintain 1:1 exposure to physical gold and earn yield distributed as additional units of gold monthly."
Starting February 25, eligible investors will be able to onboard and purchase GLDY directly through app.streamex.com, subject to applicable compliance requirements.
GLDY is a gold-backed, tokenized security that provides 1:1 exposure to physical gold while targeting up to a 4% annualized yield, paid in additional gold monthly, the company said. Yield is generated through gold leasing with Monetary Metals, enabling investors to earn yield while maintaining direct exposure to gold.
GLDY will be visible on RWA.xyz and integrated with Chainlink Proof of Reserves, supporting transparency and data verification, the release said.
The GLDY Private Placement Memorandum and subscription documentation have been finalized, and Streamex is ready to begin accepting binding orders upon launch. GLDY is issued by Streamex Ltd., a Cayman Islands open-ended fund. Streamex Ltd. can accept daily contributions with no cap on size or growth.
The auditor and gold attestation provider for the Fund will be EisnerAmper, and Zedra will serve as the fund administrator, Streamex said. Approved custodians for GLDY include Anchorage Digital Bank, Coinbase Prime, and tZERO. Legal counsel to the Fund includes Walkers, Chapman Cutler, and Croke Fairchild Duarte & Beres. A Streamex entity, GLDY ServiceCo LLC, will act as servicer to the fund. Other launch partners include Fireblocks, Base, Chainlink, and Fundbank.
Interest Exceeding US$100 Million
The company has previously disclosed indications of interest exceeding US$100 million, with funding expected to commence at launch and the closing of initial indications anticipated by the end of Q1 2026, consistent with prior disclosures.
Streamex takes a creation fee and a fee on the back end, which the users never see. It also makes money on trades, noting the average gold token trades roughly 100 times a year.
"We have a better instrument than what's out there right now, and we pay yield," Lekstrom said.
Lekstrom said he sees the price of gold continuing to rise this after a short consolidation.
"So gold is your hedge," Lekstrom said. "Do you want to buy gold and hold it in a vault somewhere and pay to hold it? No. Do you want to buy gold and get paid to hold it? Yes."
No More Lack of Yield
1In a review of the stock on February 11, Technical Analyst John Newell of John Newell & Associates noted that for decades, gold has been a reliable monetary hedge and store of value, but it has posed a challenge for institutional investors due to its lack of yield.
Physical bullion incurs costs for storage and insurance, while gold ETFs charge annual fees without providing income. In a climate characterized by rising sovereign debt, persistent inflation risk, and declining real yields, this limitation has become increasingly problematic.
GLDY is crafted to offer direct exposure to physical gold while providing an annualized yield, paid in additional gold rather than fiat currency, Newell said. Each GLDY token represents a non-voting interest in a special purpose vehicle that holds allocated physical gold, typically 1 troy ounce per token. This gold is leased through established Monetary Metals programs to commercial users, generating yield that accrues back to token holders as additional GLDY. The result is a gold-backed instrument that functions more like a productive monetary asset than a traditional commodity holding.
"From an economic standpoint, this is a meaningful shift," Newell wrote. "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. In contrast, large gold ETFs typically charge annual fees of roughly 0.40% and provide no income."
GLDY is offered exclusively to accredited and institutional investors and is fully KYC-compliant, the analyst said. It is structured as a regulated security rather than a retail stablecoin, aligning it with evolving U.S. regulatory frameworks around real-world asset tokenization. This distinction is crucial for institutions that require compliance, transparency, and audited reserves before allocating capital.
"While adoption remains early and distribution is still limited, that is precisely what defines the opportunity," Newell wrote. "As institutions increasingly seek yield-bearing alternatives to non-productive bullion in an inflationary, high-debt global environment, GLDY represents a new category of gold ownership that addresses a long-standing structural flaw in the market."
He continued, "In that context, Streamex is not merely tokenizing gold. It is changing how gold functions within an institutional portfolio."
The Intersection of Gold, Institutional Finance, Tokenization
The chart for Streamex Corp. shows a stock that has completed its initial breakout phase and is now consolidating in a well-defined structure above support. After advancing into the US$4.50 area, marking the first upside target, the shares entered a corrective phase along a clearly defined descending trendline, Newell said. This pullback was orderly and occurred on declining volume, a pattern typically associated with consolidation rather than distribution.
Recent price action shows higher lows forming in the US$3.00–US$3.30 range, suggesting downside momentum has been arrested, and a base is taking shape. The brief dip in early February, accompanied by a spike in volume, appears consistent with capitulation or forced liquidation, followed by a successful retest of the lower boundary of the base and the underside of the prior downtrend line. This behavior strengthens the interpretation that selling pressure has been largely absorbed.
The US$3.00–US$3.30 zone now represents near-term support, reinforced by prior price congestion and moving average interaction. The stock is currently trading just below short-term resistance defined by the descending trendline and nearby moving averages. A sustained move above this resistance would signal a transition from consolidation to a renewed uptrend. Based on the width of the prior advance and the structure of the current base, the chart supports an upside target of US$5.75, followed by a longer-term target near US$8.50 if momentum accelerates and volume expands. Momentum indicators are stabilizing near neutral levels, suggesting selling pressure has been absorbed, and the risk profile is improving. From a technical standpoint, Streamex appears to be building a base above support, with clearly defined risk and favorable upside asymmetry should a breakout occur.
Streamex sits at the intersection of gold, institutional finance, and tokenization, Newell said. The company is in its early stages, execution risk is real, and regulatory complexity should not be underestimated. That said, the potential reward is substantial. A functioning, regulated, yield-bearing gold token has the potential to disrupt a portion of a market measured in the trillions of dollars.
"Streamex offers speculative exposure to that upside with a defined product roadmap and a management team that understands both commodities and capital markets," the analyst wrote. "For investors comfortable with early-stage platform risk and interested in the evolution of real-world asset tokenization, Streamex Corp. is considered a Speculative Buy at current levels."
Analyst Initiates Coverage
The company recently received research coverage from Needham & Co., with Analyst John Todaro initiating a Buy rating and setting a price target of US$12 per share, as noted in his November 25 report.
"We view Streamex as an attractive way to gain exposure to the early stages of real-world asset (RWA) tokenization," Todaro wrote.
At the time of Todaro's report, Streamex was trading at approximately US$4.16 per share. From this price, the potential return to the target is 188%. Todaro highlighted that Needham's US$12 price target is based on a 2027 price-to-earnings multiple of 23.5x, which is a notable discount compared to its peer group, primarily consisting of fintech companies involved in tokenization.
Todaro noted that tokenizing RWAs is expected to significantly reshape financial markets, particularly cryptocurrency markets, over the next five to ten years, presenting a "massive" opportunity. The global gold market alone is valued at US$24 trillion, yet only about US$2 billion, or 0.008%, is currently tokenized. As the gold tokenization business is still in its early stages, there are opportunities for RWA platforms to capture a substantial share. The launch of GLDY provides Streamex with a clear entry point and an early mover advantage in this high-growth sector.
The Catalyst: Tokenized Commodities Market Surging
The tokenized commodities market has surged by 53% in less than six weeks, reaching over US$6.1 billion, making it the fastest-growing sector in the real-world asset tokenization market as more gold becomes tokenized, according to a report by Trading View on February 10. At the beginning of the year, the market was valued at just over US$4 billion, indicating an increase of approximately US$2 billion since January 1, according to data from crypto analytics platform Token Terminal.
The data reveals that gold products dominate the tokenized commodities market. Tether's gold-backed token, Tether Gold (XAUt), has been the largest contributor to this growth, with its market cap rising 51.6% in the past month to US$3.6 billion. Meanwhile, Paxos-issued PAX Gold (PAXG) has increased by 33.2% to US$2.3 billion over the same period.
Trading View noted that tokenized commodities have now grown 360% year-on-year, with the increase since the start of 2026 surpassing the growth in the tokenized stocks and tokenized funds markets, which have grown by 42% and 3.6%, respectively. The tokenized commodities market is now just over one-third the size of the US$17.2 billion tokenized funds market and significantly larger than tokenized stocks, which are valued at US$538 million.
Streetwise Ownership Overview*Gold began to stabilize on Wednesday as the chances of a US-Iran conflict appeared to rise, wrote Giuseppe Dellamotta for Investing Live on February 19. A report from Axios suggested that a war between the U.S. and Iran seems increasingly likely. According to the sources cited, there is currently no sign of a diplomatic breakthrough between Washington and Tehran. They also noted that, given President Trump's recent military build-up and intensified rhetoric, it may be difficult for him to de-escalate without Iran making significant concessions on its nuclear program. The report indicated that any military action in Iran would be extensive, involving a weeks-long campaign resembling a full-scale war.
"If a military conflict were to break out, we would see oil prices skyrocket due to the risk of disruption in the Strait of Hormuz, especially in light of the recent military drills. This would be a negative shock for the global economy and lead to stagflation risks," Dellamotta noted. "Stagflation is the best environment for gold, so we would highly likely see the price rallying into a new record high very quickly."
Ownership and Share Structure2
About 52% of the company is owned by insiders and management, and about 20% is owned by institutions. The rest is retail.
Top shareholders include Legacy Wealth Management LLC with 7.74%, Anthony Amato with 3.31%, The Vanguard Group Inc. with 1.57%, and Armistice Capital LLC with 0.93%.
Its market cap is US$424.88 million with 178.52 million shares outstanding. It trades in a 52-week range of US$0.40 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), the Company 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.
