U.S. listed company Streamex has completed a $25 million first phase of convertible bond financing to advance its tokenized gold program

Nasdaq-listed company Streamex announced that it has completed a $250 million initial convertible bond financing, with Cantor, Clear Street, and Needham & Company, LLC serving as placement agents. The company will use these funds to purchase physical gold, thereby strengthening Streamex's efforts to advance its gold tokenization plan and maintain its gold-backed balance sheet strategy.