Streamex Corp said it signed a letter of intent with Simplify Asset Management to pursue a strategic partnership that would integrate the company’s tokenized, yield-bearing gold into ETF structures.
The announcement outlines an exploratory framework rather than a binding deal, and any product would hinge on final agreements and signoffs from regulators.
The proposed collaboration targets a simple idea with potentially far reaching implications for commodity investing. Streamex wants to move beyond the familiar nonyielding gold exposures that dominate the ETF aisle by embedding a tokenized instrument that pays a return generated through gold leasing.
Simplify, an ETF sponsor that reported more than $10 billion in assets under management as of mid September, would supply the fund wrapper and distribution muscle.
Executives framed the pact as a way to bridge the mainstream ETF market and blockchain based assets without asking investors to leave the guardrails of regulated products.
Henry McPhie, chief executive of Streamex, said in a press release that the goal is to unite the $10 trillion ETF industry with the innovation of real world asset tokenization.
Paul Kim, chief executive and co founder of Simplify, said incorporating tokenized gold yield inside an ETF would open an entirely new investment category.
The letter of intent follows Streamex’s earlier partnership with Monetary Metals, which set the foundation for the yield component.
Earlier this month the companies announced an exclusive arrangement that gives Streamex rights to tokenize yield bearing gold products, with an estimated target of up to 4% annually based on Monetary Metals’ leasing programs.
The companies also disclosed that Streamex plans to fund a portion of eligible leases and share in leasing related revenue, steps intended to help scale supply for a potential ETF. Those economics are targets, not guarantees, and remain subject to market and operational risks.
If the structure works as described, a gold ETF could deliver the metal’s price exposure while adding a cash flow stream tied to leasing activity in the physical market.
The approach may also address a long running critique of gold in asset allocation models, namely that the metal does not pay income, by pairing a familiar ticker with a yield source rooted in the gold supply chain.
Tokenized assets inside an ETF raise custody, valuation, audit, and creation and redemption questions that will have to satisfy regulators and authorized participants.
The letter of intent explicitly states the collaboration is subject to definitive agreements and regulatory approval, which means timelines and product specifics are undecided.
Even if approvals arrive, yield on gold leasing can vary, and investors would need clear disclosures about how returns are generated, how counterparty risk is managed, and how the tokenized position is reflected in net asset value.
The move comes as Streamex completes a corporate pivot. The company recently rebranded from BioSig Technologies and began trading under the ticker STEX on September 12.
Management has repositioned the business as a real world asset tokenization platform focused on bringing gold and other commodities on chain, supported by a gold denominated treasury and tokenization infrastructure that reorientation helps explain the focus on precious metals yield and the push to translate it into an ETF wrapper.
