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Figure's IPO filing marks Mike Cagney's return to public markets
TechCrunch· 2025-08-19 11:23
Figure Technology, a seven-year-old blockchain-based lending company, has filed for an IPO of its Class A common stock on Nasdaq, with Goldman Sachs, Jefferies, and BofA Securities serving as its lead bookrunners. The number of shares on offer and price range have not yet been determined. Figure says in its IPO paperwork that its revenue rose 22.4% to $191 million in the six months ended June 30, and that it reported a profit of $29 million in the same period, compared with a loss of $13 million a year earl ...
NatBridge Resources Provides Clarifying News Release
Newsfile· 2025-08-08 00:02
Core Viewpoint - NatBridge Resources Ltd. is addressing concerns raised by the British Columbia Securities Commission regarding its promotional activities and disclosures, clarifying its business model and the nature of its operations [2][3][4]. Group 1: Company Operations and Strategy - NatBridge is focused on acquiring mineral properties with inferred, indicated, or measured resources, supported by technical reports compliant with National Instrument 43-101 [5][12]. - The company aims to target mineral properties that meet the requirements for tokenization established by NatGold Digital Ltd., intending to exchange these properties for tokens [5][12]. - NatBridge does not engage in traditional mineral extraction or gold production; tokens issued by NatGold will not be backed by physical gold [7][12]. Group 2: Clarifications on Previous Disclosures - The BCSC raised concerns about statements implying that tokens are backed by real gold and that gold resources are "verified" or "certified," which the company clarifies do not imply economic viability [3][8]. - References to the intrinsic value of tokens being correlated to gold prices are clarified as not compliant with NI 43-101 provisions, and the actual value will be determined on exchanges [9][11]. - The term "perpetual" in previous disclosures refers to mineral properties not subject to ongoing conditions, and the company emphasizes that investments are not low risk [10][11].
Streamex and BioSig Announce the Successful Closing of Share Exchange Transaction and Executive Leadership Changes Bringing a First-Mover Real World Asset Tokenization Company to the Nasdaq
Globenewswire· 2025-05-28 17:07
Core Insights - BioSig Technologies, Inc. and Streamex Exchange Corporation have successfully completed a share exchange transaction, forming a combined company focused on the tokenization of real-world assets, particularly in the commodities sector [1][2][9] - The combined company aims to revolutionize commodity finance by bringing commodity markets on-chain through secure and scalable tokenization solutions [7][8] Leadership and Strategic Direction - The leadership team will include Henry McPhie as CEO, Morgan Lekstrom as Chairman, and Anthony Amato as a board member, guiding the company through its next growth phase [3][4][9] - Strategic advisors Frank Giustra and Mathew August will join to provide expertise in commodities and US capital markets, respectively [5][6] Market Position and Vision - The combined company is strategically positioned within the US$142.851 trillion global commodity market, aiming to unlock new value through tokenization [9] - Streamex believes that the future of finance lies in tokenization and decentralized markets, enhancing liquidity, accessibility, and efficiency for investors and institutions [8] Share Exchange Details - Existing Streamex shareholders will receive 75% of the fully diluted BioSig common stock in exchange for their shares, with an initial entitlement of 19.9% upon closing [14] - Following shareholder approval, current BioSig shareholders will hold 25% of the fully diluted BioSig common stock outstanding [14]
BioSig Enters into an LOI to Merge with Streamex Exchange Corp. Creating a Publicly Listed Real-World Asset Tokenization Company Led by Seasoned Industry Executives
Globenewswire· 2025-05-05 12:30
Core Viewpoint - BioSig Technologies, Inc. has entered into a Letter of Intent to merge with Streamex Exchange Corporation in an all-stock transaction, aiming to bring a real-world asset tokenization company public on Nasdaq [1][2] Proposed Transaction Highlights - The merger will create a platform for real-world asset tokenization, focusing on commodities, enhancing investment processes, and increasing capital availability for companies and investors [5][6] - Streamex aims to revolutionize commodity finance by bringing commodity markets on-chain, leveraging advanced financial technologies and blockchain transparency [7] Company Background - Streamex is a real-world asset tokenization company targeting the commodities sector, led by experienced executives from financial, commodities, and blockchain industries [6] - The company believes in the future of finance through tokenization and decentralized markets, aiming to enhance liquidity and accessibility for investors [7] Leadership Changes - Post-merger, Henry McPhie will become the CEO, and Morgan Lekstrom will serve as Chairman of the Board, with Anthony Amato remaining on the Board [12] - Strategic advisors with significant industry experience will be added to the Board, including Frank Giustra, Mathew August, and Mitchell Williams [12] Ownership Structure - After the merger, former stockholders of Streamex will own approximately 75% of the outstanding Common Stock of the combined company, while current BioSig stakeholders will hold the remaining equity [13]