X @Easy

Investment Highlights - Siebert initiates coverage on Streamex (Nasdaq: STEX) with a BUY rating and a target of $11 USD [2] - Streamex's Gold yield token (GLDY) is characterized as a "one-of-one" product offering [2] - GLDY offers up to approximately 4% yield, 24/7 liquidity, and stronger ownership rights [2] Market Opportunity - Streamex is pioneering on-chain gold and opening a huge new Total Addressable Market (TAM) [1] - Streamex is targeting $3 Billion USD gold-backed Assets Under Management (AUM) by 2027, representing approximately 0.75% of the $400 Billion USD spot gold ETF market [2] - Only approximately 1.5% of gold is digital today [2] - Each additional 1% digital share represents approximately $280 Billion USD TAM for Streamex [2] Competitive Advantage - Streamex has a 6-12 month head start in tokenized gold and distribution [2]