Streamex Corp. (NASDAQ: STEX), a technology company focused on commodity tokenization, announced that GLDY, a non-tokenized share class of its gold-backed, yield-bearing tokenized asset, is now available for custody through CNB Custody, a division of Community National Bank. The arrangement enables registered investment advisors, wealth managers, and traditional finance investors to access GLDY through existing custody infrastructure, according to the company. For more details, see the full press release.
CNB Custody serves more than 40,000 customers and holds over $5 billion in assets under custody. This addition expands the GLDY Access Network, which also includes Inspira, Siebert, tZero, Anchorage, Coinbase Prime, and Orca. Streamex expects the expanded distribution network to support broader adoption of GLDY and growth in assets under management.
The move is significant because it provides a regulated pathway for traditional investors to gain exposure to gold-backed, yield-bearing digital assets without directly handling blockchain technology. By integrating with an established custody provider, Streamex lowers the barriers for registered investment advisors and wealth managers who require familiar custody arrangements. This could accelerate the adoption of tokenized commodities among institutional and retail investors alike, potentially increasing liquidity and demand for GLDY.
For the broader financial industry, the partnership underscores the growing convergence of traditional finance and blockchain-enabled markets. As more custodians and financial institutions embrace tokenized assets, the infrastructure for trading and holding these instruments becomes more robust. This could lead to greater efficiency, transparency, and accessibility in commodity markets. The news also highlights the increasing competition among tokenization platforms to secure custody and distribution partnerships, which may drive further innovation and lower costs.
Streamex Corp. (NASDAQ: STEX) is a technology and infrastructure company focused on the tokenization and digitalization of commodity real-world assets. It delivers institutional-grade solutions that bridge traditional finance and blockchain-enabled markets through secure, regulated, and yield-bearing financial instruments. For more information, visit www.streamex.com.
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