Streamex Partners with Siebert Financial and tZERO to Launch GLDY
Streamex announced a strategic collaboration with Siebert Financial and tZERO Group to make its gold-backed, yield-bearing tokenized security, 'GLDY', available through Siebert's wealth management and institutional distribution channels. Under the agreement, Siebert brokers will be able to offer 'GLDY' directly to their clients, with custody handled on tZERO's regulated digital asset platform. The company noted that 'GLDY' pays up to a 3.5% annualized yield in additional gold through gold leasing, with Siebert managing approximately $20B in assets under management. "We are extremely excited to bring this collaboration online, fundamentally changing GLDY's distribution profile. By partnering with two best-in-class institutions in Siebert and tZERO, both of whom share our conviction that regulated tokenized securities are the next chapter of capital markets, GLDY can now reach investors through channels they already know and trust," said Henry McPhie, co-founder and CEO of Streamex.
