Wall Street Meets Web3: The Token That Turns Gold Into Income

Source: Streetwise Reports 01/05/2026

Streamex Corp. (STEX:NASDAQ) unveiled its 2026 roadmap during a corporate webinar, spotlighting the launch of GLDY, an institutional-grade gold token designed to offer up to 4% annualized yield. The company also detailed its expanded leadership team, strengthened capital position, and strategic investment in Empress Royalty Corp. as part of its real-world asset tokenization strategy.

Streamex Corp. (STEX:NASDAQ) hosted a corporate update webinar on December 16, 2025. The event reviewed the company’s 2025 milestones and provided an overview of its strategic roadmap for 2026, including updates on the GLDY token launch. During the presentation, Co-Founder and CEO Henry McPhie and Co-Founder and Chairman Morgan Lekstrom stated, “With the launch of GLDY, we are not simply tokenizing gold; we’re fundamentally transforming how institutional investors can access yield-bearing precious metals.”

The company reported a range of strategic initiatives completed in 2025, including the expansion of its leadership team with experienced executives from organizations such as Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE), Osisko Development Corp. (ODV), and BMO Global Asset Management. Streamex also strengthened its capital position, which management said would support efforts to scale the business through 2026.

Among the key developments highlighted was the pre-sale of the GLDY token, an institutional-grade digital asset backed by physical gold and designed to offer up to 4% annualized yield. Each token represents one fine troy ounce of gold bullion, and the company stated it would commit US$5 million as an anchor investment. GLDY was structured to be issued under Regulation D and made available only to accredited investors, with minimum subscriptions of US$200,000 for individuals and US$1 million for institutions.

Streamex also disclosed the acquisition of a 9.9% equity stake in Empress Royalty Corp. (EMPR:TSX; EMPYF:OTCQB) a global precious metals royalty and streaming firm. This investment aligned with the company’s broader strategy to expand its real-world asset tokenization platform. Institutional partnerships reported included an exclusive three-year agreement with Monetary Metals and a letter of intent with Simplify Asset Management to integrate GLDY into exchange-traded fund structures.

Gold on Chain: Real-World Assets Draw Investor Focus

According to a December 30 report from DeFi News, total value locked (TVL) in tokenized gold rose from approximately US$1 billion at the beginning of 2025 to over US$4 billion by year-end. The article noted that “tokenized gold has become one of the year’s biggest success stories in decentralized finance,” highlighting its role in accelerating RWA growth on-chain. The report added that many investors favored gold for its familiarity and simplicity, stating that tokenized gold “moved from niche curiosity to a substantive line item on many on-chain balance sheets.”

A December 31 market update from Web3 Thoughts supported this view, reporting that the broader RWA sector grew more than 220% over the course of 2025, climbing from US$5.5 billion to US$18.8 billion. Tokenized gold alone increased 227%, rising to over US$3.27 billion in value. The report emphasized that this growth was driven not only by institutional demand but also by retail investors seeking stable, yield-bearing assets on-chain. Kevin Rusher, founder of RAAC, stated, “The volatile year that we’ve seen has really shaped the sector and made it a robust and fertile growth space,” calling RWAs “the future of crypto.”

On January 4, 2026, NewsBTC published a case study illustrating the shifting investor sentiment. A large wallet that had incurred a US$18 million loss on Ethereum transactions during Q4 2025 reportedly moved capital into stablecoins and tokenized gold. According to the article, the address spent US$14.58 million on 3,299 tokens of Tether’s gold-backed product. This portfolio adjustment was described as a strategic move toward capital preservation, reflecting a preference for “lower volatility” assets after the crypto market underperformance. The same report noted that while Ethereum and Bitcoin fell 11% and 6% respectively in 2025, gold rose over 60%, and silver increased 147%.

Analysts Highlight Streamex’s Position in Tokenized Gold and Real-World Assets

On October 17, Siebert Capital Markets analyst Brian Vieten initiated coverage on Streamex Corp. with a Buy rating and a 12-month price target of US$11.00. He described the company as a pioneer at the intersection of streaming entertainment and fintech, combining live commerce with integrated micropayments to create a unified ecosystem for creators and users. Vieten noted Streamex’s early position in merging social streaming with real-time transactions, emphasizing its infrastructure scalability and potential for international growth.

Vieten reiterated his Buy rating on November 4, raising his 12-month price target to US$11. He estimated that Streamex could reach US$3 billion in gold-backed token assets under management by 2027, representing approximately 0.75% of the US$400 billion spot gold ETF market. His valuation was based on a 13x 2027 enterprise value to revenue multiple, with projected revenue of US$137 million.

GLDY, Streamex’s tokenized gold product, was described in Vieten’s report as a distinctive offering that combines up to 4% annualized yield with 24/7 liquidity and legal ownership. The yield is supported by a leasing arrangement with Monetary Metals, which Vieten identified as a U.S.-based firm with a decade-long operational track record and no reported defaults. He noted that Streamex’s exclusive partnership created a significant competitive advantage in yield-based gold tokenization.

Vieten projected revenues of US$27 million in 2026 and US$137 million in 2027, with earnings per share forecasts of -US$0.04 and US$0.45, respectively. He concluded that Streamex was “laser-focused on bringing gold on-chain” and referred to the company as a “one of one” asset in the growing digital commodities space.

Needham & Company analyst John Todaro also initiated coverage on Streamex on November 25, assigning a Buy rating and a US$12 price target. At the time of his report, Streamex shares were trading at approximately US$4.16. Todaro identified the company as an early-stage opportunity to gain exposure to real-world asset tokenization, citing the GLDY token as a key differentiator in the digital gold market.

Todaro highlighted GLDY’s ability to provide income — up to 4% annualized yield in gold — contrasting it with traditional gold ETFs that typically do not produce yield. He projected that the product could scale from an initial US$100 million to more than US$1 billion in assets under management by the end of 2026. The report pointed to Streamex’s partnership with Monetary Metals as a growth enabler, supporting short- to mid-term lease structures ranging from six to twelve months.

According to Todaro, the company’s revenue model includes a 1.25–1.5% annualized fee on leased gold, a 15 basis point tokenization fee, and a 5 basis point wallet transfer fee per side. He stated that Streamex could benefit from operating leverage as its platform matures, noting that much of the initial legal and structural setup could be reused for future token launches.

Needham’s forecast estimated US$20 million in revenue for fiscal 2026, US$140 million in 2027, and US$365 million in 2028, with a projected net income margin of 60% by 2027. While noting that these figures were conservative, Todaro indicated revenue could exceed expectations if gold lease activity remained high and yield-on-assets was sustained.

He concluded that GLDY offered material advantages over conventional gold exposure methods by providing income, fractional ownership, and blockchain-based transparency. Todaro wrote that Streamex was well-positioned to apply its model across additional commodities and standardized assets as institutional adoption increased.

Strategic Building Blocks for Future Growth

Streamex’s strategic roadmap for 2026 and beyond centers on building a multi-asset tokenization platform aimed at institutional investors. The company plans to expand its offerings to include additional commodities and asset types beyond gold. According to its December 2025 investor presentation, Streamex’s technology stack is designed to tokenize real-world assets (RWAs) with features such as fractional ownership, 24/7 trading, blockchain-based transparency, and instant settlement capabilities.

The GLDY token, currently in pre-launch, is intended as the company’s inaugural product. Future token launches outlined in the company’s roadmap include silver with yield and tokenized royalty streams in 2026, followed by copper with yield in 2027 and oil and gas-based tokens in 2027 to 2028.

According to the company, its partnership with Monetary Metals enables access to precious metals leasing programs, while its integration with Chainlink as the oracle provider will provide Proof of Reserves, Cross-Chain Interoperability Protocol (CCIP), and price feeds. These elements are expected to serve as the foundation for a scalable, high-integrity token ecosystem. [OWNERSHIP_CHART-7701]

Streamex’s broader business model involves token origination, platform sales, and both centralized and decentralized secondary trading. The company anticipates generating revenue from tokenization, transaction fees, and distributions within its RWA platform. A visual model in the investor presentation shows this integrated framework, which is designed to scale with new asset classes and expand into new markets.

The company’s stated approach is to unlock the full potential of commodity assets by designing structured products that generate yield, enhance economic utility, and reduce inefficiencies typically associated with futures and options markets.

Ownership and Share Structure¹

About 21% of the company is owned by insiders and management, and about 29% is owned by institutions. The rest is retail.

Top shareholders include Legacy Wealth Management LLC with 19.39%, Donald Garlikov with 8.6%, Anthony Amato with 8.6%, The Vanguard Group Inc. with 2.81%, and Armistice Capital LLC with 2.42%, Refinitiv noted.

Its market cap is US$808.31 million with 144.34 million shares outstanding. It trades in a 52-week range of US$0.23 and US$14.11.

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Important Disclosures:

1. As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Streamex Corp. and Wheaton Precious Metals.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: STEX:NASDAQ, )

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