Streamex Completes Independent Audit of GLDY Gold Reserves
Streamex announced that independent accounting firm EisnerAmper LLP has completed its first independent examination of the reserves backing its gold-backed tokenized security, GLDY. The examination, conducted in accordance with AICPA standards, confirmed that GLDY gold reserves met or exceeded 100% of all outstanding tokens as of March 31. "Independent verification is foundational to institutional trust. Completing our first third-party reserve attestation for GLDY demonstrates that the gold backing every token is real, accounted for, and verifiable. Investors increasingly expect on-chain transparency to be matched by rigorous, independent assurance from a recognized accounting firm, and that is exactly what this milestone delivers. We look forward to providing these attestations on an ongoing monthly basis as GLDY continues to scale," said Henry McPhie, co-founder and CEO of Streamex.
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- Independent Audit Completed: EisnerAmper LLP has completed its first independent audit of GLDY gold reserves, confirming that as of March 31, 2026, the reserves exceed 3,064.91 ounces, fully backing 3,064.67 redeemable tokens, thereby ensuring investor trust in the tokens.
- Commitment to Ongoing Transparency: Streamex pledges to conduct monthly independent audits to provide continuous verification of gold reserves, enhancing investor confidence in GLDY tokens and meeting institutional investors' demands for transparency and compliance.
- Gold Leasing Yield: The GLDY token not only offers up to a 3.5% annual yield but also generates additional income through a gold leasing program, further enhancing its market appeal and competitiveness.
- Integration of Technology and Compliance: As a technology company focused on the tokenization of commodity markets, Streamex aims to bridge traditional finance and blockchain markets through secure, compliant financial instruments, driving the digital transformation of the industry.
- Collaboration to Expand Tokenized Securities: Siebert Financial Corp. announces a partnership with tZERO and Streamex to offer GLDY tokenized securities through regulated digital market infrastructure, representing a significant step in integrating traditional finance with blockchain technology.
- Features of GLDY Tokenized Security: GLDY is a gold-backed, yield-bearing tokenized security that Siebert will make available to accredited investors via private placement, potentially attracting more institutional investors into this emerging market.
- Technology and Compliance Support: tZERO will provide the complete technology and compliance infrastructure for Siebert's digital securities initiative, including investor onboarding, custody, and trading infrastructure, ensuring that tokenized securities operate within a regulated framework.
- Innovation in Market Structure: This collaboration not only offers investors a more familiar investment channel but also provides issuers with new distribution and market structure ideas, facilitating the transition of tokenized securities from concept to execution and supporting Siebert's ongoing growth in the fintech sector.
- Expanded Investment Channels: The collaboration between Streamex, Siebert, and tZERO enables GLDY, a gold-backed yield-bearing tokenized security, to be purchased through Siebert's wealth management and institutional distribution channels, significantly broadening its investor base, particularly among accredited and institutional clients.
- Simplified Investment Process: Investors can now purchase GLDY through Siebert brokers without needing blockchain knowledge, allowing them to engage with GLDY just like any other financial instrument, which is expected to enhance market adoption and grow assets under management at scale.
- Yield Potential: GLDY offers an annualized yield of up to 3.5% through gold leasing, attracting investors seeking stable returns, thereby increasing GLDY's market appeal and positioning it as a competitive investment option.
- Industry Transformation Significance: This partnership signifies a pivotal moment in the convergence of traditional finance and blockchain markets, with Siebert's role as a FINRA-member broker demonstrating the feasibility of tokenized securities within the mainstream financial system, laying the groundwork for future financial innovations.
- Yield Distribution Details: Streamex completed the third yield distribution for its GLDY token on June 18, 2026, covering the yield period from May 1 to May 31, 2026, demonstrating the stability and growth potential of its tokenized assets.
- Token Yield Rate: Each GLDY token currently earns an annualized yield of 3.5%, with 8.94674 GLDY (equivalent to 8.94674 ounces of gold) distributed in May, resulting in a distribution of 0.002884 GLDY per token, enhancing returns for holders.
- Market Strategy: CEO Henry McPhie stated that as liquidity deepens and market access broadens, GLDY is progressively becoming a long-term income-generating asset to replace traditional gold holdings, reflecting advancements in the company's gold leasing strategy.
- Real-Time Data Access: Investors can view real-time GLDY net asset value and reserves through the Streamex website and Chainlink's Proof of Reserves Oracle, further enhancing transparency and investor confidence.
- Liquidity Infrastructure Launch: Streamex, in partnership with Orca, has launched a 24/7 liquidity infrastructure allowing tokenized securities like GLDY to be traded anytime, addressing the lack of reliable trading venues for investors and enhancing market acceptance of tokenized assets.
- GLDY Trading Debut: GLDY, the first gold-backed token to trade on the Orca platform, marks a significant milestone in the tokenized securities market, expected to attract more compliant investors and increase market activity.
- Compliance Assurance: The new infrastructure enforces compliance at the token level through Streamex's KYC technology, ensuring only verified investors can trade GLDY, thereby reducing compliance risks and boosting investor confidence.
- Significant Market Potential: The GLDY Pool leverages Orca's smart contracts to provide deep liquidity, which is anticipated to drive institutional adoption of tokenized securities and facilitate the integration of traditional finance with blockchain markets.
- Leadership Change: Streamex has appointed Kori Handy as Vice President of Product and Design, bringing 18 years of fintech and SaaS experience, having scaled businesses managing over $2 billion in assets, which is expected to drive significant transformation in product design and user experience for the company.
- User Experience Enhancement: Kori's previous work at Groundfloor led to a 32% increase in activation rates and a 27% rise in cash deposits, indicating his ability to optimize user experiences will directly enhance user engagement and asset management growth within Streamex's GLDY ecosystem.
- Strategic Product Development: As VP, Kori will oversee the evolution of the GLDY user experience and the launch of next-generation financial products designed to simplify investor interactions with real-world assets, which is expected to attract more institutional and individual investors.
- Market Expansion Potential: Kori's arrival coincides with a pivotal moment for Streamex as it transitions from infrastructure buildout to platform scaling and market expansion, and his design-led strategy is anticipated to help the company stand out in the competitive fintech landscape, enhancing brand trust and market share.






