Streamex announced that an independent examination confirmed the physical gold backing its GLDY token exceeds all outstanding tokens. The company expects to publish monthly reserve attestations to independently verify its holdings.
Canada, 8th Jul 2026 – Global Stocks News – Sponsored content disseminated on behalf of Streamex Corp. On July 1, 2026 Streamex (NASDAQ: STEX) announced that EisnerAmper LLP, an independent registered public accounting firm, had completed its first independent examination of the reserves backing GLDY, the company’s gold-backed, yield-bearing tokenized security.
Streamex is a technology company building a digital ecosystem for all Real-World Assets (RWAs), beginning with commodities. GLDY – a bullion-backed yield-bearing financial gold product is the company’s inaugural security.
Highlights from the July 1, 2026 press release:
- Every GLDY token is independently verified to be backed by real gold. EisnerAmper LLP, a nationally recognized independent accounting firm, has completed an examination confirming that GLDY gold reserves meet or exceed 100% of all outstanding tokens, delivering the rigorous, third-party verification that institutional investors require.
- This is the first of what will be monthly attestations, conducted on an ongoing basis. Streamex is committed to providing independent reserve verifications every month going forward, giving investors recurring, auditor-confirmed proof that the gold backing every GLDY token is real and fully accounted for.
Streamex reported: GLDY redeemable tokens outstanding: 3,064.674268; Total redemption assets: 3,064.915910 fine troy ounces of gold; Surplus: 0.2416423 fine troy ounces; Asset-backing coverage: ≥100%; Examiner’s opinion: Unmodified
EisnerAmper is one of the largest US accounting, tax, and business advisory firms, with more than 4,500 professionals working in offices around the globe. It provides services for banks, construction companies, educational institutions, factories, hospitals and digital assets companies.
“Blockchain technology continues to drive innovation for businesses, digital assets, funds, not-for-profits and investors,” states EisnerAmper, “While many of us recognize the opportunities that distributed ledger technologies and digital currencies provide, we also understand the growing demand for increased transparency and in-depth financial reporting.”
“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,” stated Henry McPhie, the CEO of Streamex, in the July 1 press release.
When you purchase one GLDY, Streamex buys an ounce of gold and backs GLDY with it. One GLDY token represents an ounce of physical London Bullion Market Association (LBMA) certified gold bullion.
The GLDY yield is generated with gold leasing through Streamex’s exclusive partner, Monetary Metals – which has metal leasing contracts with a network of precious metals companies, including a $4.5 billion publicly traded jewelry company with 6,000 stores worldwide.
India accounts for 25-30% of global gold jewelry sales. The industry requires about 1,100 tonnes of pure gold every year, worth US$140 billion. Gold buying in India peaks during major Hindu festivals: Dhanteras (October/November) and the peak wedding season (November-February & April-May).
Gold leasing supports yield because jewelers and precious-metals businesses need access to physical gold inventory without wanting full exposure to spot-price movement
“Jewelers want to book their 15–20% manufacturer’s margin without fretting about the spot price of gold,” Henry McPhie, the CEO of Streamex, told Guy Bennett, the CEO of Global Stocks News (GSN). “Jewelry inventory isn’t perishable, but it is time-sensitive in India. The partnership with Monetary Metals reduces risks for manufacturers and creates yield for GLDY holders.”
Going forward, Streamex intends to make each completed attestation available to investors as part of its broader commitment to independent, third-party verification of GLDY’s reserves.
On July 2, 2026, Streamex announced a collaboration with Siebert Financial Corp and tZERO Group to make GLDY, Streamex’s gold-backed, yield-bearing tokenized security, available for purchase through Siebert’s wealth management and institutional distribution channels.
“The biggest bottleneck has been the technology integration on the asset manager side,” confirmed McPhie on Mario Nawfal’s X roundtable livestream. “We work with a lot of regulated entities, broker-dealers and large family offices in the US. They want to know how they can take custody of the asset. How can they trade it? It should feel like something that they’ve interacted with before.”
“This partnership with Siebert removes friction. The investor doesn’t need to understand crypto. They know that they own gold and they’re getting yield on it. Conceptually, it’s no different than owning an ETF or individual equities. It’s just that it operates on blockchain rails, which makes it more efficient.”
“Independent verification is foundational to institutional trust,” stated McPhie in the July 1, 2026 press release. “Completing our first third-party reserve attestation for GLDY demonstrates that the gold backing every token is real, accounted for, and verifiable. We look forward to providing these attestations on an ongoing monthly basis as GLDY continues to scale.”
On July 07, 2026 Streamex announced that its board of directors had authorized a new share repurchase program, under which STEX may repurchase, from time to time, up to an aggregate of 10,000,000 shares of the Company’s common stock, par value $0.001 per share, at a price per share up to $2.00, over the next 12 months.
“We believe the Company’s current stock price does not reflect the infrastructure we have built or the opportunity in front of us, and this program gives us the flexibility to act on that view in a way that is directly beneficial to our shareholders,” stated Morgan Lekstrom, Executive Chairman of Streamex.
By repurchasing shares, Streamex reduces the total number of shares outstanding.
Disclaimer: Streamex paid GSN C$1,750 for the research, creation and dissemination of this content.
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