Siebert Financial Q2 revenue surges 109% to $31.2M, EPS improves to $(0.01)

Siebert Financial reported strong Q2 results with revenue rising 109% to $31.2M and operating loss narrowing significantly. Growth was led by stock borrow activities and investment banking, while EPS improved to $(0.01).

• Siebert Financial, in partnership with tZERO and Streamex, is launching GLDY, a gold-backed, yield-bearing tokenized security.
• The offering is a private placement under Regulation D, utilizing tZERO's infrastructure for custody and trading, accessible through traditional brokerage accounts.
• This initiative aims to integrate blockchain-enabled financial products into mainstream wealth management and institutional channels, starting with gold-backed assets.

Topics: Asset types, Infrastructure providers, Institutional adoption, Alternative assets, Tokenization platforms, Asset manager initiatives

Tags: #siebertfinancial #tzero #streamex #gldy #tokenizedgold #yieldbearingtokenizedsecurity #goldbacked #privateplacement #digitalsecuritiesinfrastructure #wealthmanagement

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GLDY Class B shares now custody-eligible via Inspira Financial, expanding gold exposure for traditional investors.

Streamex Corp. announced that its GLDY Class B shares, a gold-backed, yield-bearing asset, are now available for custody through Inspira Financial, a major qualified custodian managing over $63 billion in assets. This development allows institutional investors, wealth managers, and advisors to access GLDY within their existing custody frameworks, significantly broadening GLDY's reach into traditional finance markets. GLDY Class B shares maintain the same benefits as the tokenized version and can be converted into tokens anytime, providing flexibility and liquidity. This partnership is part of Streamex's strategy to increase GLDY's adoption by integrating with established financial infrastructure.

• GLDY Class B shares, a gold-backed and yield-bearing asset, are now available for custody through Inspira Financial.
• This partnership allows institutional investors and wealth managers to integrate GLDY into their existing custody frameworks.
• The development aims to broaden GLDY's adoption within traditional finance markets and offers flexibility with conversion to tokens.

Topics: Asset types, Infrastructure providers, Institutional adoption, Gold, Custody security solutions, Asset manager initiatives

Tags: #gludy #inspirafinancial #goldbacked #custody #institutionalinvestors #traditionalfinance #tokenizedgold #yieldbearingasset

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