Streamex Corp. (NASDAQ: STEX), a technology company focused on commodity tokenization, announced that GLDY, a non-tokenized share class of its gold-backed, yield-bearing tokenized asset, is now available for custody through CNB Custody, a division of Community National Bank. The arrangement enables registered investment advisors, wealth managers and traditional finance investors to access GLDY through existing custody infrastructure. CNB Custody serves more than 40,000 customers and holds over $5 billion in assets under custody.
The significance of this announcement lies in its potential to bridge the gap between traditional finance and blockchain-enabled markets. By making GLDY available through a bank custody platform, Streamex is lowering the barriers for institutional investors who may be interested in tokenized commodities but require familiar custody solutions. This could accelerate the adoption of tokenized assets among a broader set of investors, particularly those who have been hesitant to engage with digital assets due to operational or regulatory concerns.
The addition expands the GLDY Access Network, which also includes Inspira, Siebert, tZero, Anchorage, Coinbase Prime and Orca. Streamex expects the expanded distribution network to support broader adoption of GLDY and growth in assets under management. The move is part of a larger trend of traditional financial institutions embracing tokenization as a way to modernize markets and provide new investment opportunities.
Streamex Corp. (NASDAQ: STEX) is a technology and infrastructure company focused on the tokenization and digitalization of commodity real-world assets. Streamex delivers institutional-grade solutions that bridge traditional finance and blockchain-enabled markets through secure, regulated, and yield-bearing financial instruments. For more information, visit www.streamex.com.
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For investors, the key takeaway is that Streamex is actively building out the infrastructure needed to make tokenized commodities a viable option for mainstream portfolios. The involvement of CNB Custody, with its substantial customer base and assets under custody, lends credibility and reach to GLDY. If successful, this could set a precedent for other tokenized assets to follow, further integrating blockchain technology into traditional financial systems.
As the demand for alternative investments and portfolio diversification grows, tokenized gold products like GLDY offer a way to gain exposure to gold with the added benefits of yield and blockchain efficiency. The expansion of the GLDY Access Network through CNB Custody is a strategic step that could position Streamex as a leader in the tokenization space and drive long-term growth in assets under management.
For more details, see the full press release at https://ibn.fm/FnLDR. Additionally, Streamex’s market activity can be tracked via Streamex (NASDAQ: STEX) on TechMediaWire.
