BioSig and Streamex Aim to Raise $1.1 Billion for Gold-Backed Blockchain Strategy

BioSig Technologies, a Nasdaq-listed medical device technology firm, and Streamex, a real-world asset tokenization company, have announced a significant strategic initiative. The two companies are aiming to raise up to $1.1 billion in financing to launch a gold-backed treasury management strategy powered by the Solana blockchain. This move is part of a broader effort to bring a portion of the $142 trillion commodities market onto the blockchain, enhancing liquidity, transparency, and accessibility for institutional investors.

The financing will be structured through a debenture, involving the sale of $100 million in senior secured convertible notes and an equity line of credit of up to $1 billion. These debentures will be convertible into shares of BioSig’s common stock. The initiative is led by Cantor Fitzgerald, Clear Street, and Needham & Company as placement agents, with CIBC World Markets acting as a strategic advisor. This financing round is expected to cement BioSig's status as one of the largest gold bullion holders on the Nasdaq.

Henry McPhie, the CEO of BioSig and co-founder of Streamex, highlighted the transformative potential of this initiative. "This financing marks a pivotal moment not only for Streamex and BioSig, but for the evolution of global financial markets. By combining the value of physical gold with the innovation of blockchain, we are building a company grounded in what we believe to be the world’s most trusted store of value while enabling a scalable, high-return business model through tokenization," McPhie stated. The integration of physical gold with blockchain technology is seen as a major milestone in the evolution of global finance, offering a new value proposition for token holders.

Streamex views real-world asset (RWA) tokenization as a significant opportunity within the evolving market. The company believes that gold tokenization has the potential to surpass Bitcoin in terms of traditional financial institutions' embrace of tokenized assets. The global onchain RWA value is currently around $24.5 billion, with approximately $418 million of this value on the Solana blockchain. This initiative aims to leverage the growing interest in blockchain technology and digital assets to capture a significant portion of the $16 trillion RWA market by 2030.

Morgan Lekstrom, co-founder of Streamex and chairman of BioSig, emphasized the transformative nature of this initiative. "The on-chain integration of gold and commodities represents a transformative evolution in global finance. While many treasury models exist, the approach pioneered by Streamex and BioSig combining physical gold with a scalable, revenue-generating tokenization platform introduces an entirely new value proposition for token holders," Lekstrom noted. This move positions BioSig and Streamex as leaders in the emerging field of blockchain-based commodities trading, offering a more secure, transparent, and liquid investment option for institutional investors.