Siebert Expands Brokerage to Offer Gold-Backed GLDY Tokenized Security via tZERO
SIEB•Siebert Financial Corp through Muriel Siebert & Co. LLC has struck a collaboration with tZERO and Streamex to offer GLDY, a gold-backed yield-bearing tokenized security, to accredited and institutional investors via Reg D Rule 506(c) private placements. tZERO will supply regulated digital securities infrastructure covering onboarding, custody, secondary trading, and compliance services.
1. Collaboration Details
Siebert Financial Corp through Muriel Siebert & Co. LLC has partnered with tZERO and Streamex to distribute GLDY, a gold-backed, yield-bearing tokenized security, to accredited and institutional clients via a Reg D Rule 506(c) private placement through its brokerage and institutional channels.
2. GLDY Product Attributes
GLDY is structured as a tokenized security backed by physical gold with yield-bearing features, aiming to bridge traditional asset management with blockchain technology, enabling investors to gain metal exposure with regulated compliance and potential yields.
3. Infrastructure and Distribution
tZERO provides the regulated digital securities infrastructure for investor onboarding, custody, secondary market trading, and compliance, allowing Siebert brokers to offer GLDY within the existing brokerage platform without separate crypto onboarding, enhancing client accessibility to digital asset products.
