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