Streamex Corp. saw its stock climb more than 20% on Monday after unveiling a pre-sale for its upcoming gold-backed stablecoin, GLDY. The digital asset, designed to generate an annualized yield of up to 4%, will be available to qualified investors on or before Nov. 10.
GLDY provides exposure to physical gold bullion, with yield paid in ounces of gold, and is primarily aimed at institutional investors, the company said. The stablecoin aligns with Streamex’s broader strategy of tokenizing real-world commodities through digital instruments.
“The launch of GLDY represents a major evolution in how investors can access and benefit from physical gold,” said Henry McPhie, co-founder and CEO of Streamex. “Now, instead of paying to hold gold, investors can get paid to hold gold.”
The pre-sale has an initial capacity of $100 million, with Streamex committing at least $5 million. Depending on demand, issuance could expand up to $1 billion. The yield is generated through gold leasing deals, supported by Streamex’s exclusive partnership with Monetary Metals.
Participation in the GLDY token sale is limited to accredited investors. Minimum investments are set at $200,000 for individuals and $1 million for institutions.
“The combination of capital preservation, liquidity, and yield denominated in ounces is purpose-built for portfolio managers, ETFs, and institutional balance sheets seeking durable cash management and diversified commodity exposure,” McPhie added.
The market reacted swiftly to the announcement, with Streamex shares surging 20.42% on Monday and continuing to trade slightly higher in pre-market hours, according to Google Finance data.
