Streamex announces 10M buyback plan at $2/share

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Reviewed by
Naman SScanX News Team
Key Highlights

Streamex Corp. announced a new share repurchase program to buy back up to 10,000,000 shares at $2.00 per share over 12 months, signaling confidence in its intrinsic value. Executive Chairman Morgan Lekstrom cited the company's progress with GLDY and institutional distribution as key drivers. The program allows for open market or private transactions and may be modified or suspended at any time.

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Streamex Corp. (NASDAQ: STEX), a technology and infrastructure company focused on the tokenization of commodity real-world assets, has authorized a new share repurchase program allowing the company to buy back up to 10,000,000 shares of its common stock over the next 12 months. The company may purchase shares at a price up to $2.00 per share, reflecting the board's view that the current stock price does not reflect the infrastructure built or the opportunity ahead. This move signals management's confidence in the intrinsic value of the company's assets and partnerships.

Morgan Lekstrom, Executive Chairman of Streamex, stated that the authorization is a direct expression of confidence in the company's value and long-term trajectory. He highlighted that over the past year, Streamex has established a foundation with GLDY, a yield-bearing product that is live, independently attested, and accessible through institutional distribution channels including Siebert’s wealth management network. Lekstrom believes the repurchase program provides flexibility to act on the view that the stock is undervalued in a way beneficial to shareholders.

The share repurchase program authorizes the company to reduce the total number of shares outstanding by buying back stock in the open market or through privately negotiated transactions. Repurchases will be conducted in accordance with applicable securities laws. The board's decision is based on the company's current valuation relative to its progress in building its business.

Streamex Corp. is a technology and infrastructure company focused on the tokenization and digitalization of commodity real-world assets. It delivers institutional-grade solutions bridging traditional finance and blockchain-enabled markets through secure, regulated, and yield-bearing financial instruments.

The program does not obligate the company to purchase any specific number of shares, and it may be modified, suspended, or discontinued at any time at the company's discretion.

Share Repurchase Program Details

Feature Details
Aggregate Shares 10,000,000 shares
Maximum Price $2.00 per share
Par Value $0.001 per share
Duration 12 months

How will the share repurchase program impact Streamex's ability to fund future growth initiatives in tokenization?

What specific metrics or milestones will the board use to determine if the stock remains undervalued over the next year?

Could the repurchase program signal a shift in strategy toward returning value to shareholders rather than aggressive expansion?

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Streamex completes first independent reserve attestation for GLDY

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Reviewed by
Ashish TScanX News Team
Key Highlights

Streamex Corp. announced that EisnerAmper LLP completed its first independent reserve attestation for GLDY, confirming full collateralization as of March 31, 2026. The examination, adhering to AICPA standards, verified that total redemption assets exceed outstanding tokens, ensuring asset-backing coverage of at least 100%. Streamex plans to conduct these monthly attestations ongoing to maintain institutional trust.

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Streamex Corp. has secured its first independent reserve attestation for GLDY, confirming that the gold-backed tokenized security is fully collateralized. EisnerAmper LLP, an independent registered public accounting firm, completed the examination as of March 31, 2026, verifying that total redemption assets held in fine troy ounces of gold are equal to or greater than the total GLDY redeemable tokens outstanding. This verification provides the rigorous third-party assurance required by institutional investors and marks the start of a commitment to monthly attestations.

The examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants (AICPA). It evaluated management’s assertion regarding the gold held for the benefit of GLDY token holders, which includes gold in approved vaults and gold deployed under the Company’s leasing program with Monetary Metals. Streamex retains title to the leased gold throughout the lease term, ensuring asset-backing coverage remains at or above 100%.

GLDY Reserve Attestation Summary — As of March 31, 2026

Metric Value
Independent examiner EisnerAmper
Examination standard AICPA attestation standards (SSAE)
GLDY redeemable tokens outstanding 3,064.674268
Total redemption assets (fine troy oz of gold) 3,064.915910
Surplus (deficit) 0.2416423
Asset-backing coverage ≥ 100%
Examiner's opinion Unmodified

Henry McPhie, Co-Founder & Chief Executive Officer of Streamex, emphasized that independent verification is foundational to institutional trust. He stated that the completion of the first third-party reserve attestation demonstrates that the gold backing every token is real, accounted for, and verifiable. McPhie added that Streamex will provide these attestations on an ongoing monthly basis as GLDY continues to scale.

GLDY is a yield-bearing tokenized security that pays an annualized yield of up to 3.5% in additional gold through its institutional gold leasing program. Investors can access real-time GLDY data, including Net Asset Value (NAV) and reserves, via the Chainlink Proof of Reserves Oracle and the rwa.xyz platform. The token is available for purchase through Streamex’s app and its distribution partners.

How will the introduction of monthly attestations impact GLDY's liquidity and trading volume on secondary markets?

What potential risks does the gold leasing program with Monetary Metals pose to the 100% asset-backing coverage during periods of market volatility?

Could this rigorous verification standard set a new regulatory benchmark for other tokenized commodities and real-world assets?

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