Streamex Corp. partners to offer its gold-backed, yield-bearing tokenized security through institutional channels. Why is it a big deal? Read on to find out.
- Streamex Corp. has partnered with Siebert Financial Corp. and tZERO Group Inc. to offer its gold-backed, yield-bearing tokenized security (GLDY) through traditional wealth management and institutional channels.
- This collaboration allows investors to purchase GLDY via their existing brokerage accounts, simplifying access and eliminating the need for cryptocurrency-specific procedures.
- GLDY offers investors exposure to gold prices while providing an annualized yield of up to 3.5% in gold, addressing traditional investment challenges like storage costs and lack of yield.
Topics: Asset types, Institutional adoption, Yield performance, Alternative assets, Asset manager initiatives, Yield farming structured products
Tags: #goldbackedtoken #gldy #streamexcorp #siebertfinancialcorp #tzero #tokenizedsecurity #yield #institutionalchannels #retailinvestors #blockchain
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