BioSig Technologies secured up to $1.1 billion in funding to launch a platform for tokenizing gold and commodity assets within the Solana ecosystem.
BioSig Technologies, which merged with Streamex Exchange Corporation, signed final agreements with an institutional investor for financing of up to $1.1 billion. The funds will be used to implement a treasury management strategy backed by gold and to launch a real-world asset (RWA) tokenization platform in the commodities sector, which is estimated at $142 trillion in total volume.
The deal includes the sale of $100 million in convertible secured debentures and a $1 billion credit facility with a term of up to 36 months. The debentures yield 4% annually (up to 18% in case of default), are issued at 96% of par, and are convertible into shares. The company will pledge certain assets as collateral for the debentures, granting priority claim rights.
The initial $75 million tranche and credit line opening are expected to be completed by October 7, 2025, subject to shareholder approval as required by Nasdaq rules. An additional $25 million in debentures will be raised after the registration of shares with the U.S. Securities and Exchange Commission (SEC).
The deal is overseen by:
- Cantor Fitzgerald & Co. and Clear Street LLC as co-managing underwriters;
- Needham & Company, LLC as co-placement agent;
- CIBC World Markets as strategic advisor;
- Sichenzia Ross Ference Carmel LLP and Reed Smith LLP as legal counsel.
BioSig’s key objective is to build a platform on Solana for tokenizing gold and other real assets. The company plans to hold significant physical gold reserves in allocated bars stored at one of the world’s largest banks and use this as the basis for token issuance.
Henry McPhie, CEO of BioSig and Co-Founder of Streamex, stated that the initiative aims to provide liquidity, transparency, and access to next-generation commodity assets.
According to the World Gold Council, daily gold trading volume reaches $233 billion, 4.5 times greater than Bitcoin’s, and the total gold market is 11 times larger than the market capitalization of Bitcoin. Streamex analysts believe that tokenization of gold and other real assets will be more impactful for financial markets than cryptocurrencies, driven by expected institutional demand and rising precious metal prices.
According to Standard Chartered Bank forecasts, the tokenized asset market could exceed $30 trillion by 2034.
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