Streamex converts interest into capital; GLDY investment strategy secures $1M+ institutional allocation

Anas Hassan
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Anas Hassan

Anas Hassan

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Expertise : Writing, Editorial, Market Analysis, Crypto, Product Engineering
Anas is a crypto editor at Coingape with 5+ years of experience covering cryptocurrency markets, exchanges, and digital asset infrastructure. His expertise spans crypto exchange reviews, trading platforms, crypto-friendly banks, and neobanks, with a strong focus on security, compliance, fees, and user experience. Anas applies rigorous editorial standards and data-driven analysis to ensure Coingape’s rankings and reviews are accurate, unbiased, and aligned with real-world investor needs.
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Streamex

Miami, Florida, September 24th, 2026 – It is a Metalayer strategy that has the support of institutions, and uses GLDY as the long leg of a delta-neutral gold trade. This approach leads to the creation of a new channel for demand for Streamex’s yield-bearing tokenized gold.

Streamex Corp., a company listed on Nasdaq, and one that aims to build the future of commodities through tokenization, has recently secured institutional capital commitment. The commitment acts as a test to see whether tokenized commodities can gain attention from buyers beyond individual investors.

A person with knowledge about the company revealed that a leading institutional investor has already allocated an initial fund of $1 million. More investments may yet come. The money will go into the relative-value strategy that makes use of GLDY, which is Streamex’s gold-backed digital asset, and represents its long gold position.

The same person also stated that Metalayer Capital is running this strategy as a systematic investment manager, through its Aureon Relative Value Fund. Metalayer has declined to provide any comment on this matter.

The strategy involves pairing GLDY with an offsetting short position in gold-linked perpetual futures. The core of the strategy is to be indifferent regardless of the price action of gold. And at the end of the day, the goal is to earn the yield that GLDY pays. According to the anonymous source, Streamex is aiming for 3.5% per year in additional gold generated thanks to its gold-leasing program.

The Importance of this Move for Streamex

Whenever money is deployed into the long position, it goes into GLDY, which adds to the assets under management on which Streamex earns fees. The significance of the strategy stems from the fact that a large institutional investor has already allocated $1M to it, which indicates that tokenized assets like GLDY are gaining attention from more than just individual investors.

That said, it is important to note that beyond the initial $1M allocation, the rest of the commitment depends on the investor. Also, there is no assurance that additional GLDY will be purchased.

Converting Institutional Allocations into GLDY is the Top Goal: Streamex CEO

In August, Streamex laid out a list of goals that it has to accomplish within the next 90 days.

“Converting the first institutional allocations into GLDY was at the top of that list,” said Henry McPhie, co-founder and Chief Executive Officer of Streamex.

The co-founder has described the new arrangement as a fundamentally different growth channel, as it focuses beyond selling to only one investor at a time.

Relationship Beyond Fund Investment

The person stated that beyond the initial fund investment, Metalayer has other relationships with GLDY. It acts as its liquidity provider on certain trading venues and has the power to mint and redeem the token directly with the issuer.

Streamex is not responsible for managing or sponsoring the fund, and it doesn’t get compensation on money that the fund raises.

About GLDY

GLDY will only be given to eligible investors under the exemptions from securities registration. To date, most of the holders have been accredited investors who want yield. As of September this year, Streamex has made six monthly yield distributions on the token without any gaps. More information about Streamex’s gold reserves can be found through the Chainlink proof-of-reserves feed.

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anas is a crypto editor at Coingape with 5+ years of experience covering cryptocurrency markets, exchanges, and digital asset infrastructure. His expertise spans crypto exchange reviews, trading platforms, crypto-friendly banks, and neobanks, with a strong focus on security, compliance, fees, and user experience. Anas applies rigorous editorial standards and data-driven analysis to ensure Coingape’s rankings and reviews are accurate, unbiased, and aligned with real-world investor needs.
Disclaimer: This article is part of a paid partnership and should not be construed as financial advice. The views, statements, and opinions expressed herein are solely those of the sponsor and do not necessarily reflect those of Coingape. Cryptocurrencies are highly volatile, unregulated in many jurisdictions, and carry significant risk, including total loss of capital. Always conduct your own research and consult a qualified adviser before making any investment decisions. Coingape does not endorse or guarantee the accuracy, timeliness, or completeness of any information provided by the sponsor.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.