GLDY is a yield-bearing, gold-backed tokenized security launched by StreamEx (NASDAQ: STEX) on February 25, 2026. Designed to transform gold from a passive commodity into a productive financial asset, it bridges the gap between traditional bullion and onchain decentralized finance.
โCore Infrastructure & Security
โThe product is built on institutional-grade architecture to ensure transparency and regulatory compliance:
โBacking & Standards: Each token provides 1:1 exposure to physical gold (LBMA standard), typically representing 1 fine troy ounce per token.
โCustody & Administration: Physical assets are secured by institutional providers including Coinbase Prime, Anchorage, and tZERO. Zedra serves as the fund administrator.
โVerification: Transparency is maintained through Chainlink Proof of Reserve, providing real-time data validation onchain.
โAuditing: Financials and gold attestations are managed by EisnerAmper.
โBlockchain Integration: Deployed on Solana and Base for high-speed liquidity and integration with DeFi protocols.
โThe Productivity Shift: Yield in Gold
โUnlike traditional Gold ETFs that typically charge management fees, GLDY generates a positive return for holders:
โCurrent APY: At launch, GLDY offers an initial 3.5% APY, with long-term targets of up to 4% annualized yield.
โPayment Mechanism: Yield is distributed monthly and paid in physical gold (additional GLDY tokens) rather than fiat currency.
โYield Generation: Returns are generated through a strategic partnership with Monetary Metals, which leases the gold to commercial users within the jewelry and electronics industries.
โMarket Positioning
โGLDY targets high-net-worth (HNW) and institutional investors seeking low-risk exposure to gold with added productivity.
โRegulatory Compliance: Structured as a regulated tokenized security (issued by a Cayman Islands open-ended fund) to align with evolving U.S. frameworks like the draft CLARITY Act.
โInstitutional Demand: Prior to its official launch, StreamEx reported over $100 million in indications of interest from investors.
โThis model effectively creates a "gold-denominated interest rate," allowing investors to hold physical gold while simultaneously growing their total ounces over time.
