Streamex Corp. (NASDAQ: STEX), a technology company focused on commodity tokenization, reported financial results for the third quarter ended Sept. 30, 2026, highlighting growth in its gold-backed GLDY product. According to the Streamex (NASDAQ: STEX) announcement, gold holdings increased to 3,351 ounces from 3,111 ounces in the previous quarter, while external ownership of outstanding GLDY nearly doubled to 17.7% from 9%. Assets under management rose 12% to $14 million, and quarterly gold lease income totaled $145,000.
The company reported a net loss of $17.5 million, or $0.09 per share, compared with a net loss of $14.6 million, or $0.08 per share, in the second quarter. Operating expenses totaled $18.1 million, including $9.3 million in noncash stock-based compensation. Streamex ended the quarter debt-free with a total liquidity position of $36.5 million. The widening loss, driven largely by noncash charges, may be less concerning to investors focused on the company's balance sheet strength and liquidity, which provides runway for its tokenization initiatives.
Operationally, Streamex announced plans to introduce GLDY on Equity Trust’s individual retirement account (“IRA”) platform, which holds approximately $73 billion in assets under custody and administration, making GLDY its first tokenized asset. The company also reported an initial $1 million institutional allocation to a gold carry strategy using GLDY and expanded its distribution network through partners representing more than $160 billion in combined assets. Additionally, the Cask Foundation began establishing liquidity for its USGY gold yield product in October, with a public launch planned following completion of that process. Streamex reported seven consecutive monthly GLDY distributions paid in gold and introduced a new corporate brand.
The third-quarter results underscore the growing intersection of traditional finance and blockchain-enabled markets. For readers and industry observers, Streamex's ability to secure partnerships with established institutions like Equity Trust and distribution partners with significant assets suggests that tokenized commodities are gaining traction as viable investment vehicles. The near-doubling of external ownership in GLDY indicates rising investor confidence in gold-backed digital assets, which could have implications for how commodities are traded and held in retirement accounts and institutional portfolios.
For a detailed view of the full press release, visit https://ibn.fm/GFj7w. Streamex Corp. (NASDAQ: STEX) is a technology and infrastructure company focused on the tokenization and digitalization of commodity real-world assets. Streamex 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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