menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Blockchain News

>

New Gold-B...
source image

Coindoo

2d

read

208

img
dot

Image Credit: Coindoo

New Gold-Backed Crypto Venture Secures Billion-Dollar Funding

  • Two firms secure $1.1 billion to challenge established players in the digital asset sector by tokenizing real-world assets.
  • Funding includes $100 million in convertible debt and a $1 billion equity credit line for a gold-backed digital finance arm.
  • New venture plans to purchase gold directly with its own capital for tokenization on blockchain networks, creating liquidity in-house.
  • BioSig and Streamex aim to introduce the first tokenized gold instrument by early 2026, despite BioSig's stock decline after the announcement.

Read Full Article

like

12 Likes

For uninterrupted reading, download the app