New Collaboration Expands On‑Chain Access to Fully Backed Gold Stablecoin

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1. Disclosure for the quote from the John Newell article published on September 12, 2025

1. For the quoted article (published on September 12, 2025), the Company has paid Street Smart, an affiliate of Streetwise Reports, US$3,000.
2. Author Certification and Compensation: [John Newell of John Newell and Associates] was retained and compensated as an independent contractor by Street Smart for writing this article. Mr. Newell holds a Chartered Investment Management (CIM) designation (2015) and a  U.S. Portfolio Manager designation (2015). The recommendations and opinions expressed in this content reflect the personal, independent, and objective views of the author regarding any and all of the companies discussed. No part of the compensation received by the author was, is, or will be directly or indirectly tied to the specific recommendations or views expressed.

John Newell Disclaimer

As always it is important to note that investing in precious metals like silver carries risks, and market conditions can change violently with shock and awe tactics, that we have seen over the past 20 years. Before making any investment decisions, it's advisable consult with a financial advisor if needed. Also the practice of conducting thorough research and to consider your investment goals and risk tolerance.

2. 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.

Streamex Corp. (STEX:NASDAQ), a company focused on the tokenization of real-world commodities, has announced a strategic partnership with Chainlink, which will serve as the official oracle and on-chain transparency provider for its flagship gold-backed stablecoin, GLDY. The collaboration aims to improve transparency, reliability, and cross-chain functionality for GLDY by integrating several of Chainlink's services, including Proof of Reserve, Price Feeds, and the Cross-Chain Interoperability Protocol (CCIP).

GLDY is a regulated, yield-bearing stablecoin fully backed by physical gold holdings. The integration of Chainlink Proof of Reserve allows for real-time, on-chain verification of gold reserves, while the inclusion of Chainlink Price Feeds enables tamper-proof market data delivery. Streamex will also adopt Chainlink's CCIP across both the Base and Solana blockchains to facilitate seamless transfers of GLDY between chains using the Cross-Chain Token (CCT) standard.

Henry McPhie, Co-Founder and CEO of Streamex, stated in the announcement, "Integrating Chainlink's interoperability and data standards will mark a major step forward in Streamex's mission to bring real-world assets securely on-chain. Via Chainlink, we can ensure that GLDY operates with the highest levels of transparency, reliability, and cross-chain functionality, delivering institutional trust with the benefits of blockchain technology."

The partnership enhances Streamex's offering by allowing users to conduct secure, programmable, and interoperable transactions while maintaining full visibility of GLDY's physical gold backing. The company's gold yield model is designed to provide institutional investors access to gold-denominated returns by tokenizing physical bullion and leasing proceeds from industrial partners.

According to Streamex, the company operates through regulated infrastructure, including a Canadian Exempt Market Dealer license and a pending U.S. Broker Dealer acquisition. GLDY is one of Streamex's initial steps toward creating a broader marketplace for tokenized commodity investments.

Commodity Tokenization and Fintech Infrastructure

The sector surrounding commodity tokenization, particularly stablecoins backed by physical assets like gold, has continued to evolve rapidly in 2025, shaped by regulatory shifts, institutional adoption, and market maturity. These changes have created a supportive environment for firms building financial infrastructure designed to bridge traditional assets with blockchain technologies.

According to Norton Rose Fulbright, 2025 marked a significant change in the regulatory outlook for digital assets in the United States. The transition in leadership at the Securities and Exchange Commission (SEC), alongside the Supreme Court's recent rulings, contributed to a "significantly more positive" environment for crypto regulation. The firm noted that the CFTC appeared well-positioned to take on a larger role in digital asset oversight, while the CFPB excluded crypto from its latest rules but left open the possibility of future engagement. Norton Rose also highlighted ongoing litigation that could determine how immutable smart contracts are treated under U.S. sanctions law, a topic particularly relevant for firms focused on on-chain transparency and compliance.

John Newell of John Newell & Associates rated the stock a "Speculative Buy."

In the United Kingdom, the Financial Conduct Authority (FCA) took additional steps to formalize oversight of cryptoasset activity. On September 17, the FCA published a consultation paper on applying its regulatory framework to crypto firms, including standards for supervision, operational resilience, and business conduct.

Earlier in the month, the Bank of England outlined plans to consult on a regulatory regime for systemic stablecoins. These developments signaled regulatory momentum toward integrating stablecoins into mainstream financial operations, especially where transparency and trust are essential pillars.

The October Regulatory Outlook from Osborne Clark emphasized this regulatory pivot, stating that "stablecoins are quickly emerging as new rails for money movement." The report cited embedded finance and digital assets as defining the current era of fintech growth, reflecting a transition from consumer-focused apps to backend infrastructure that facilitates efficient, secure financial transactions.

 Siebert Capital Markets analyst Brian Vieten offered coverage on Streamex with a Buy rating.

Supporting this narrative, the Future of Fintech 2025 report found that stablecoins had become increasingly central to fintech innovation. The report described them as "bridging the gap between fintech and traditional finance" and noted that they had become a core use case for blockchain's fast, low-cost settlement capabilities. Regulatory clarity provided by the passage of the GENIUS Act — establishing the first federal framework for stablecoins in the United States — was credited with accelerating adoption. In a notable case, stablecoin issuer Circle saw its post-IPO valuation rise from US$8 billion to US$33 billion following the law's passage.

The report also highlighted investor confidence in crypto-aligned fintech ventures. "Crypto-focused funds are overperforming and outraising other funds," the analysis noted, with top-quartile crypto funds reporting internal rates of return as high as 30%. This helped crypto and stablecoin-focused fintech companies command the highest median pre-money valuations across all fintech subsectors.

Charles Birnbaum of Bessemer Venture Partners commented in the same report that "embedded payments are front and center" in today's fintech landscape, describing them as key to modern financial infrastructure. Meanwhile, Serge Kassardjian, a general partner at a fintech venture firm, remarked that traditional financial institutions were increasingly drawn to stablecoin platforms due to their efficiency and cost-effectiveness, saying, "There's tailwinds in this space."

Analysts See Upside for Streamex with Price Targets up to CA$0.40 and US$20.00

¹ On September 12 John Newell of John Newell & Associates expressed a favorable technical outlook on Streamex Corp., stating that the company appeared to be "in the early stages of a new uptrend following a successful retest of major Fibonacci support." According to Newell, Streamex broke out of a prolonged base in early 2025 and has since consolidated in an "orderly fashion" while maintaining structural integrity. He cited continued accumulation and a rising 200-day moving average as signs of underlying strength. Newell identified several potential upside targets based on technical analysis, including US$6.50, US$11.75, US$14.50, and a long-term target of US$20.00. At the time of publication, he rated the stock a "Speculative Buy" at US$6.00.

In an October 17 research note, Siebert Capital Markets analyst Brian Vieten offered coverage on Streamex with a Buy rating and a 12-month price target of CA$0.40. According to Vieten, the company was "a pioneer in the rapidly evolving streaming entertainment and fintech sectors," combining live commerce functionality with integrated micropayments to create a seamless ecosystem for content creators and users.

Vieten noted that Streamex had "a first‑mover advantage in merging social streaming with real‑time commerce," a combination he believed could drive monetization beyond traditional ad-based models. The report further emphasized Streamex's potential to expand across geographies and tap into a growing user base, supported by scalable infrastructure and key partnerships.

Unlocking the Future of Gold Markets Through On-Chain Infrastructure

Streamex's integration with Chainlink represents a key milestone in its broader strategy to digitize the US$24 trillion global gold market. Currently, only a small fraction of gold trading is represented on-chain, with just US$2 billion in tokenized gold as of September 2025. Streamex's infrastructure aims to bridge this gap by offering fractional, 24/7 global market access through fully-backed, transparent gold tokens.

This new partnership supports Streamex's roadmap, which includes the launch of its tokenized gold yield product in Q4 2025 and a bullion-backed gold token in Q1 2026. These products will allow institutional and retail investors to gain direct exposure to physical gold with the added benefit of yield from precious metals leasing programs.

The Streamex model is built on a vertically integrated framework designed to reduce friction for buyers and increase secondary market liquidity through tokenized assets. By incorporating Chainlink's cross-chain and data verification tools, Streamex positions itself to capitalize on the anticipated growth of real-world asset tokenization, forecast to expand from US$27.6 billion to US$16 trillion by 2030.

As Streamex continues to develop its ecosystem, including the planned launch of a secondary marketplace and the tokenization of additional commodity assets in 2026, the company's approach may appeal to institutional participants seeking a regulated, scalable entry point into the blockchain-based commodities market.

Ownership and Share Structure²

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.