Streamex Expects GLDY to Go Live on Equity Trust Next Week

Streamex Corp. expects its GLDY product to become available through Equity Trust for IRA accounts next week, while the company says USGY targets a 10.1% annual percentage yield.

Streamex management cited a funded $1 million institutional allocation for GLDY. The company is working to expand adoption and build liquidity for USGY.

Streamex had $36.5 million in liquidity at quarter-end. Its third-quarter operating cash burn averaged about $1.5 million a month, and management aims to lower monthly burn to between $1.1 million and $1.3 million.

Management said GLDY’s economics look attractive at about $100 million to $300 million in assets under management. It gave no breakeven guidance. The expected Equity Trust availability is next week.