Nasdaq-listed BioSig Technologies has merged with Streamex Exchange Corporation and signed a $1.1B financing deal to launch its gold-backed strategic treasury and advance its RWA tokenization strategy. The agreement aligns with BioSig’s ambitions to reshape global finance by bringing tangible assets, such as commodities, on-chain through tokenization.
The deal includes $100M in convertible notes and a $1B equity credit line, with Tether custodian Cantor Fitzgerald as the joint placement agent. The convertible debentures have a maturity date of 24 months following issuance, with an accrued interest of 4% annually. This merger underscores a pivotal institutional shift towards real-world asset tokenization.
More Details About the Merger
The collaboration between the two companies benefits them mutually. While Streamex brings infrastructure and RWA tokenization expertise to the mix, BioSig brings capital, public access, and visibility. The deal is to develop a fully integrated RWA tokenization platform aiming to unlock liquidity and accessibility in the $142 trillion commodity market and bring it on-chain.
BioSig CEO Henry McPhie said the merger marks a pivotal moment for the two companies and the global financial market. “We are building a company grounded in what we believe to be the world’s most trusted store of value while enabling a scalable, high-return business model through tokenization.”
Streamex Co-Founder Morgan Lekstrom revealed that the on-chain integration of gold and commodities signifies a transformative evolution in global finance. “The approach of combining physical gold with a scalable, revenue-generating tokenization platform introduces an entirely new value proposition for token holders.” Lekstrom heaped praises on the landmark innovation and reinstated his commitment to unlocking the full potential of the platform to shareholders.
At $1.1 billion, the merger is one of the largest deals in the RWA space. BioSig now holds 75% of Streamex’s equity via newly issued shares in the form of debentures.
RWA Tokenization Goes Mainstream
Tokenizing commodities, bonds, and real estate have long been envisioned as the next yield-generating avenue for investors. Not only will this crypto’s next frontier unlock liquidity and accessibility, but it will also foster diversification and transparency. This merger has further signaled to the world that tokenization is not to be taken lightly.
For the RWA ecosystem, the merger will foster institutional trust and visibility. Streamex’s ambitious plan to tokenize the $142 trillion commodity market will onboard participants to own gold, oil, and other assets fractionally. Furthermore, it will make RWA tokens more appealing to investors, banks, pension funds, and asset managers, wary of counterparty risks.
Given that tokenization is done on-chain, it will inspire market confidence due to increased oversight, real-time traceability, and compliance. Besides, it eliminates intermediaries, thanks to the embedded smart contract functionality. So, investors are exposed to high-yield assets without worrying about system manipulation and fees associated with asset management.
BioSig’s Merger Sets a Template for Future RWA Collaborations
The merger serves as a blueprint for future RWA partnerships. It shows that private infrastructure can collaborate with a public company to advance the tokenization strategy. It also validates merging on-chain tokenization with a public capital market. We can expect more of this merger soon, as major financial institutions will be poised to pivot into the world of asset tokenization.
BioSig and Streamex may also pivot to global real estate and Infrastructure assets with other partners. The opportunities in the RWA space abound, which will give room for more participation and increased competition among companies. On June 28, Aptos chain saw a surge in RWA to over $540 million, representing a 54% increase in 30 days.
