šØ BioSig & Streamex Target $1.1B for Gold-Backed Strategy on Solana
š¤ #BioSig Technologies (Nasdaq-listed) and #Streamex are teaming up to raise $1.1 billion to launch a gold-backed treasury strategy powered by $SOL
š¶ $100M in senior secured convertible notes
š¶ $1B equity line of credit from institutional investors
š¶ Strategic goal: bring part of the $142T global commodities market onchain
šÆ Their plan: merge physical gold with blockchain tokenization to unlock liquidity, scalability, and transparency ā all on #Solana
š£ļø āWeāre combining the worldās most trusted store of value with the innovation of Web3 finance,ā says Streamex co-founder Henry McPhie.
š° This move follows BioSigās merger with Streamex, now positioning it as one of Nasdaqās largest gold holders. Backers include Cantor Fitzgerald, Clear Street, and CIBC World Markets.
š„ With just $418M of real-world assets currently on Solana, this could be a major catalyst for Solanaās RWA adoption.