Video: Streamex, Giustra raise $1.1B to trade gold like crypto
Streamex founder Henry Mcphie and Fiore Group chairman Frank Giustra in Boca Raton, Fla.
Streamex, a New York-based cryptocurrency trading platform, joined mining hall of famer Frank Giustra’s company to secure $1.1 billion (C$1.5 billion) this month to put gold assets on blockchain.
They plan to launch a gold-backed treasury strategy, Streamex founder Henry Mcphie told The Northern Miner at a recent industry conference in Boca Raton, Fla. The idea is to turn assets into tokens that can be traded like cryptocurrency. Streamex expects its first asset issuance by year‑end and wants to eclipse existing gold tokens within three years.
“We’re going to denominate our balance sheet in gold,” McPhie says in…
