Shares of Streamex Corp. shifted higher, trading at $0.86 (+7.3%), after the company announced its gold-backed digital token can now be purchased through traditional brokerage accounts at Siebert Financial — a deal that removes the biggest friction point for mainstream investors but confronts a glaring gap: the company still generates essentially no revenue.
A Broker With $20 Billion in Client Assets Will Now Sell the Token Like a Stock
Streamex partnered with Siebert Financial and tZERO to make its gold-backed, yield-bearing token available through Siebert's brokerage services, allowing clients to buy it like any other stock or bond — no blockchain knowledge required.
Siebert oversees approximately $20 billion in assets under management and serves retail, wealth management, and institutional clients across the United States.
tZERO handles onboarding, custody, compliance, and secondary market infrastructure. For Streamex, this means its product is now available inside the same system wealth advisors already use daily — a meaningful upgrade from crypto-native channels alone.
The Company Still Has Zero Revenue and a Tiny Gold Base
In Q1 2026, Streamex reported earnings per share of -$0.27, far worse than the forecasted -$0.05.
Revenue for the quarter was $0, as its key product only began generating significant activity toward the end of the period.
Total assets under management in the gold token sat at roughly $14 million (about 3,096 ounces), against $45.85 million in cash and zero debt. Even with Siebert's reach, converting access into meaningful inflows requires actually persuading brokers and their clients to allocate to an unproven tokenized product.
The Offering Is Restricted to Wealthy, Qualified Buyers
The token will be offered to eligible accredited and institutional investors through a private placement under Reg D Rule 506(c) — meaning everyday retail investors cannot participate. That caps the near-term buyer pool and limits viral demand. The token offers up to 3.5% annualized yield paid in additional gold , competitive with some short-term bond alternatives but unproven at scale.
The Stock Sits 94% Below Its 52-Week High — Needham's Target Implies Massive Upside
STEX's 52-week range stretches from $0.70 to $14.11.
Needham lowered its price target to $8 from $9 but maintained a Buy rating. At $0.86, the stock prices in deep skepticism. The Siebert deal validates the distribution strategy, but until gold token inflows accelerate and fee revenue appears on the income statement, the gap between the analyst target and the market price reflects a bet on execution that hasn't materialized yet.