Latest news with #realworldassets
Globe and Mail
6 days ago
- Business
- Globe and Mail
Streamex and BioSig Announce the Successful Closing of Share Exchange Transaction and Executive Leadership Changes Bringing a First-Mover Real World Asset Tokenization Company to the Nasdaq
Los Angeles, CA and Vancouver, BC, May 28, 2025 (GLOBE NEWSWIRE) -- BioSig Technologies, Inc. (Nasdaq: BSGM) ("BioSig") and Streamex Exchange Corporation ("Streamex"), collectively referred to as the combined company, today announced successful completion of the previously disclosed share exchange transaction and executive leadership changes, forming a company specializing in the tokenization of real-world assets, with a focus on bringing commodities on-chain. Key Highlights of the Transaction: Streamex Exchange Corporation, a British Columbia corporation, will become a wholly owned subsidiary of BioSig through an exchange of outstanding shares of Streamex for new shares of BioSig common stock. The combined company will be led by Mr. Henry McPhie, Co-Founder and CEO of Streamex, who will serve as Chief Executive Officer and join the Board of Directors, guiding the organization through its next phase of growth. Mr. Morgan Lekstrom, Co-Founder and Chairman of Streamex, will serve as Chairman of the Board of the combined company. Mr. Anthony Amato, current CEO of BioSig, will transition from his role as Chief Executive Officer and continue to support the combined company as a member of its Board of Directors. Of highlight, Streamex is strategically positioned within the US$142.851 trillion global commodity market, aiming to unlock new value by bringing commodities on-chain through secure and scalable real world asset tokenization solutions. Together, Henry and Morgan with Anthony's support will lead the combined company through its next phase of strategic growth, bringing deep industry expertise and a shared vision for transforming the future of real-world asset tokenization in the commodities space. CEO of the combined company Henry McPhie commented, 'This is a landmark moment for Streamex and a major step forward for the tokenization industry. Joining forces with BioSig and entering the public markets will position us to accelerate growth, scale our technology and expand our influence within the tokenization and commodities industries. I am extremely proud of what the Streamex and BioSig team has been able to accomplish so far and am excited for what is to come.' Strategic Advisor Additions: Mr. Frank Giustra has agreed to join as a Strategic Investor and Advisor on Commodities. Founder of Wheaton Precious Metals ($37B) Founder of GoldCorp, acquired by Newmont ($57B) Founder of LionsGate Films ($2B) Mr. Mathew August has agreed to join as a Strategic Advisor on US Capital Markets. Executive Chairman of Atlas Capital Partners a New York, NY based single family office investment firm and merchant bank Active Venture Capitalist with significant investments within the Defense Tech, FinTech, Aerospace and other diversified industries About Streamex Exchange Corporation Streamex is a real-world asset (RWA) tokenization company focused in the commodities space. With the goal to bring commodity markets on chain, Streamex has developed primary issuance and exchange infrastructure that will revolutionize commodity finance. Streamex is led by a group of highly successful and seasoned executives from financial, commodities and blockchain industries. Streamex believes the future of finance lies in tokenization, innovative investment strategies, and decentralized markets. By merging advanced financial technologies with blockchain transparency, Streamex has created infrastructure and solutions that enhance liquidity, accessibility, and efficiency. Streamex's goal is to bridge the gap between traditional finance and the digital economy, unlocking new opportunities for investors and institutions worldwide. Terms of Share Exchange In exchange for 100% of their shares of Streamex, existing Streamex shareholders will be entitled to receive 75% of the fully diluted BioSig common stock outstanding on the date of the share exchange agreement. Initially, upon the closing, pursuant to Nasdaq listing rules, the Streamex shareholders will be entitled to receive 19.9% of the outstanding BioSig common stock pre-transaction. BioSig will then seek a vote of its current shareholders to approve the transaction; if such approval is obtained, the Streamex shareholders will have the right to receive in the aggregate the full number of shares of BioSig common stock equaling 75% of the fully diluted BioSig common stock pre-transaction. After shareholder approval, if obtained, current BioSig shareholders and holders of common stock equivalents will hold 25% of the fully diluted BioSig common stock outstanding. Effective immediately, the Board of Directors of the combined company will be comprised of six members, four designated by BioSig, who are Anthony Amato, Chris Baer, Donald F. Browne, Steven E. Abelman and two designated by Streamex, who are Mr. McPhie and Mr. Lekstrom (who will also be Chairman of the combined company's board). To the extent required by NASDAQ's change of control rules and regulations, the combined company will file an initial listing application for its common stock. Forward Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words 'intends,' 'may,' 'will,' 'plans,' 'expects,' 'anticipates,' 'projects,' 'predicts,' 'estimates,' 'aims,' 'believes,' 'hopes,' 'potential' or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions, and are subject to various known and unknown risks and uncertainties, many of which are beyond our control. It is possible that our actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements, depending on factors including whether we will be able to realize the benefits of the transaction described herein, whether shareholder approval of the transaction will be obtained and whether we will be able to maintain compliance with Nasdaq's listing criteria in connection with the described transaction and otherwise. For a discussion of other risks and uncertainties, and other important factors, any of which could cause our actual results to differ from those contained in forward-looking statements, see our filings with the Securities and Exchange Commission, including the section titled 'Risk Factors' in our Annual Report on Form 10-K, filed with the SEC on April 15, 2025. We assume no obligation to publicly update or revise our forward-looking statements as a result of new information, future events or otherwise, except as required by law.
Yahoo
10-05-2025
- Business
- Yahoo
Ethereum and XRP Are Facing Off in This 1 Key Segment. Which Will Win?
Holding real-world assets is a growth area within cryptocurrency. Ethereum is the field's leader right now, but it has a couple of important issues. XRP is a niche player right now, but it's poised to go big. 10 stocks we like better than Ethereum › Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are both leading blockchains, but beyond that they don't seem to have too much in common. Whereas Ethereum is a nexus for decentralized finance (DeFi), the XRP ledger (XRPL) is the opposite, with many platforms and features intended to attract institutional capital from traditional financial players and payment processors. There is one emerging area where these two chains overlap, however. That segment could be worth trillions of dollars within the next decade. So which of these chains will win, and which is the better option for investors seeking to get exposure to the megatrend in question? Let's start by clarifying the domain of competition. XRP and Ethereum are digital assets that live on blockchains and are managed via self-custody digital wallets and accounts on cryptocurrency exchanges. Your house, car, and stock portfolio are, for the purposes of this conversation, real-world assets (or RWAs for short) that probably aren't on any blockchain. But if you wanted to put some of those assets onto a blockchain so that you could track and trade them more efficiently than you can currently, you'd need to tokenize them, which is to say, turn them into a crypto token that bears the rights to ownership. And that's what Ethereum and XRP are going to be competing over: Being the preferred location for investors and companies to park their tokenized real-world assets. While today there are about $22 billion of these tokenized real world assets, by 2030, there could be as many as $16 trillion. Therefore, any chain that makes itself the preferred place to hold such assets will see a major inflow of value that will likely send its price higher. Today, Ethereum is the chain with the most value stored in tokenized RWAs, hosting about $6.6 billion in value across eight different asset classes, including stocks, bonds, stablecoins, commodities, and U.S. Treasuries, among others. Across those eight classes, it has a total of 334 RWAs on its chain, though it's important to note that 54 of those are stablecoins, which are usually not included in a chain's total RWA value calculations because they're effectively the same as cash. Ethereum's positioning to continue its dominance in capturing a large share of the newly tokenized RWAs is not as strong as it may seem at first. While it's true that its project ecosystem means it can offer many different RWA platforms, as well as many opportunities to interlink RWA platforms with DeFi applications and other projects on its chain, its biggest weak links are regulatory compliance and its less-than-consistent relations with regulators in general. Most of the important features that asset managers absolutely must have, like tools to help them maintain compliance with know your customer (KYC) and anti-money laundering (AML) laws, are not natively built into Ethereum's protocol, though they may be in the future. Instead, users need to navigate a hodgepodge of different platforms, identity verification services, asset issuers, and so on. Each of those may aim to meet standards that are different than what is legally necessary, so users need to vet each element of the compliance stack individually to make sure it is sufficient for their specific needs. That makes the chain inherently less appealing for institutional investors looking for a seamless experience that won't leave them exposed to legal liability. Whereas Ethereum's approach is to allow its ecosystem projects to implement their own compliance tooling, or lack thereof, XRP's approach is to centralize everything into the ledger's operator, a company called Ripple that issues the crypto XRP, or into the control of real-world asset issuers on its chain. Compliance features are built into the core protocol and are thus lower friction for users. Trustlines, authorized accounts, account freeze functions, and blacklists allow issuers to enforce strict custody and transfer rules without needing smart contracts like Ethereum does. In other words, compliance is baked in from the top down, and so it requires less work for users. Overall, that makes XRP a far more appealing place for asset managers to tokenize their holdings. But, at least for now, XRP only has five RWAs on its chain, and four asset classes, with a total value of just $114 million or so. That sum is likely to increase as Ripple continues to build out the ledger to have more features to make compliance even easier so as to attract more institutional capital. What this means is that XRP is an underdog in the RWA tokenization race today, but it's likely to be a leader in the future. Could it surpass Ethereum's RWA value? Probably not this year or next year, but eventually, yes, it could. And given the piecemeal nature of Ethereum's regulatory compliance regime, it's a likely outcome in the long term. Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,103!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $717,471!* Now, it's worth noting Stock Advisor's total average return is 909% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Alex Carchidi has positions in Ethereum. The Motley Fool has positions in and recommends Ethereum and XRP. The Motley Fool has a disclosure policy. Ethereum and XRP Are Facing Off in This 1 Key Segment. Which Will Win? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10-05-2025
- Business
- Yahoo
1 Emerging Trend Could Boost Ethereum for Years and Years
Ownership data for real-world assets is being stored on Ethereum's chain. Some predict that an enormous volume of assets will be tokenized and stored this way in the future. The competition is just getting started, but the Ethereum chain is well positioned in this niche right now. 10 stocks we like better than Ethereum › Ethereum (CRYPTO: ETH) may have a way out of its doldrums. More than that, it might be in the early stages of riding a trend that could send its price to stratospheric heights. And the trend could last for a very long time, too. Real-world asset tokenization is a new trend that's sweeping cryptocurrency, and it's likely going to be one of the biggest stories in the entire sector during the next 10 years or so. Tokenization is the process of storing the data describing an asset's ownership and other metadata on the blockchain as a token. Thus real-world asset tokenization refers to when companies or investors opt to track, hold, and trade assets such as bonds, stocks, real estate, or vehicles via a blockchain for the sake of easier handling. This makes trading and transferring those assets faster, cheaper, and more secure. Boston Consulting Group estimates that the tokenized real-world asset market will be worth as much as $16.1 trillion by 2030. But, only about $22.1 billion worth of assets are actually tokenized and held on-chain now. So, if the management consulting firm is right, there will be a tsunami of asset holders flocking to blockchains to tokenize, track, and trade their assets during the next five years. In which case, blockchains that have positioned themselves as secure, convenient, and fully featured tools for those activities could capture disproportionate shares of those asset inflows, which would almost certainly balloon the value of their tokens in the process. On that front, Ethereum is an early leader. According to CoinGecko, a crypto data source, of the $38.9 billion in total market cap of the real-world asset tokenization sector, $25.5 billion in value is hosted on Ethereum. To be clear, that's the value of all the coins and tokens that are intended to help others to tokenize or manage their real-world assets. Though that sum does not include the value of major competitors like XRP that are also vying to host tokenized real-world assets, it's still fairly clear that Ethereum's presence in the sector is disproportionately large for now. What's more, some of the world's largest and most important asset managers -- among them, BlackRock -- are aiming to use Ethereum as part of their own tokenization strategies. In terms of the sum of actual assets on its chain, Ethereum hosts about $6.6 billion, $4.9 billion of which are U.S. Treasuries. Asset managers rely on instruments like Treasuries to generate reliable yields and balance their risk, so watching their total value is an easy way to see how appealing a chain is to the big players. For the moment, there's no blockchain with a deeper on-chain Treasury market than Ethereum. Real-world asset tokenization isn't the only thing happening with Ethereum today. And that's why it's still quite a risky play to purchase the cryptocurrency. Generally speaking, it's facing stiff competition for growth in segments like artificial intelligence (AI) from chains like Solana that operate faster and for lower fees. Investor sentiment is terrible, and there are no clear impending catalysts in the near term. It may also struggle to win the fight for asset tokenization market share to rival chains that were better designed to cater to the needs of the traditional financial sector, like XRP. Its smart contract technology was once unique and innovative. Now, it's just one chain among many others offering similar tech, and its version has no clear competitive advantages. Even so, winning even a slice of the real-world asset tokenization market would likely be enough to reverse Ethereum's fading fortunes and then some. It's currently the best-positioned chain in the niche, based both on the size of its project ecosystem and the value of the assets already parked on it. Rumors of its demise are exaggerated. You probably shouldn't buy Ethereum until its competitive positioning improves enough for it to capture new capital reliably once again. Still, if major asset managers keep delivering their votes of confidence in the chain, that shift could come in a few quarters. So be sure to follow along as the tokenization trend starts to pick up speed. Before you buy stock in Ethereum, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Ethereum wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $623,103!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $717,471!* Now, it's worth noting Stock Advisor's total average return is 909% — a market-crushing outperformance compared to 162% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 5, 2025 Alex Carchidi has positions in Ethereum and Solana. The Motley Fool has positions in and recommends Ethereum, Solana, and XRP. The Motley Fool has a disclosure policy. 1 Emerging Trend Could Boost Ethereum for Years and Years was originally published by The Motley Fool Sign in to access your portfolio
