QualityStocksNewsBreaks – Streamex Corp. (NASDAQ: STEX) Announces $1 Million Institutional Allocation to GLDY-Based Investment Strategy
Streamex (NASDAQ: STEX) announced that an institutional investment manager has launched an investment strategy using GLDY, the company’s gold-backed, yield-bearing tokenized asset, as the long leg of a gold-denominated delta-neutral trade. A leading institutional investor will allocate an initial $1 million to the strategy, with the potential for follow-on investments as the strategy demonstrates its performance. Streamex said it views strategies of this kind as a new channel for growing GLDY assets under management. Streamex also reported progress on the 90-day commitments outlined with its second-quarter earnings in August, including meeting its objectives of converting institutional allocations into GLDY and…