Video: Streamex, Giustra raise $1.1B to trade gold like crypto

[Redator]

Streamex, a New York-based cryptocurrency trading platform, joined mining hall of famer Frank Giustra’s company to secure $1.1 billion (C$1.5 billion) this month to put gold assets on blockchain.

They plan to launch a gold-backed treasury strategy, Streamex founder Henry Mcphie told The Northern Miner at a recent industry conference in Boca Raton, Fla. The idea is to turn assets into tokens that can be traded like cryptocurrency. Streamex expects its first asset issuance by year‑end and wants to eclipse existing gold tokens within three years.

“We’re going to denominate our balance sheet in gold,” McPhie says in a new video.

Tokenized gold will track spot prices one‑to‑one while avoiding the friction of futures and traditional custodial models, he said. Streamex combines blockchain transparency with physical backing, he said.

In the same interview, Giustra, chairman of financier Fiore Group, said tokenization opens commodity markets to a new audience. Giustra predicts tokenized gold could play a stabilizing role if buyers demand physical delivery rather than paper leverage.

With the U.S. government facing a $2.4-trillion increase in its budget deficit over the next decade, a revolt in U.S. Treasury auctions could push yields higher and trigger a liquidity crisis, he warned.

“There will be a day of reckoning and it’s coming faster than any U.S. government can imagine,” he said.

Watch below the full chat with The Northern Miner’s Western Editor, Henry Lazenby (we apologize for the inconsistent audio in this interview).