Streamex raises $40.25 million, plans GLDY product launch

Streamex Corp. (NASDAQ: STEX) announced it completed a $40.25 million underwritten public offering priced at $3.00 per share, bringing the company's cash position to approximately $50 million. The digital asset tokenization company used proceeds to fully repay outstanding convertible debt and eliminate all variable equity facilities from its capital structure.

The company reported that insiders purchased approximately 1.25 million shares since January 1, 2026, including 1.1 million shares acquired by advisor Frank Giustra at prices ranging from $3.00 to $3.17. Executive Chairman Morgan Lekstrom purchased 95,500 shares at prices between $3.06 and $3.70, while Chief Investment Officer Mitchell Williams acquired 51,511 shares at an average price of approximately $3.03.

Streamex disclosed it has received indications of interest exceeding $100 million for its upcoming GLDY product, which the company described as advancing toward final commitments. The company stated it expects to provide formal updates on launch timing in the coming weeks.

The company outlined plans to launch SLVY, a silver-backed yield-generating product, in the second quarter of 2026, followed by a tokenized royalty and streaming product by year-end 2026. Streamex noted that its existing infrastructure and compliance framework established for GLDY would transfer to the silver product.

Recent board appointments include Anthony Marciano from NYU Stern School of Business as an independent director and Kevin Gopaul, who brings experience from BMO Global Asset Management where he worked with a $100 billion ETF franchise. Russell Starr joined as Head of Capital Markets.

The information is based on a company press release statement.

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