Bull case
Streamex is attractive because it sits at the intersection of real-world asset tokenization and regulated digital finance, with GLDY already proving the model through 1:1 NAV tracking and four yield distributions totaling 27.3 oz, including 19.4 oz in Q2'26. Its launch of GLDC should broaden access beyond accredited buyers, create a new fee-based revenue stream, and be accretive because each GLDC unit requires GLDY minted behind it, while partnerships with Orca, Siebert Financial, tZERO, EisnerAmper, Inspira Financial, and Wintermute strengthen distribution, custody, attestation, and liquidity. The stock also has operating leverage potential as the platform scales, with current GLDY TVL at $14.1m, more than $100m in early institutional indications of interest, and management targeting Q3'26 and Q4'26 product expansion across a broader tokenization pipeline.