Follow Proof of Coverage Media:
https://x.com/Proof_Coverage
Follow Henry McPhie:
https://x.com/henrymcphie_
In this episode, Connor talks with Henry McPhie, co-founder and CEO of Streamex (NASDAQ: STEX), about bringing the gold market on-chain through regulated tokenization. They discuss the launch of GLDY, a yield-bearing gold-backed token that pays holders 3.5% APY through gold leasing, how it stacks up against Tether Gold and Pax Gold, Streamex's revenue model, and the roadmap to tokenize silver, copper, oil & gas, and beyond.
Timestamps:
02:05 - Launch Day Overview
03:07 - How Gold Yield Works
04:43 - Risk and Insurance Layers
06:13 - Chains and Early Demand
07:33 - Bitcoin Vs Gold
09:16 - Henry's Origin Story
11:49 - Why Go Public
13:38 - Team and Advisors
16:50 - Treasury and Seeding Liquidity
18:43 - Revenue Model Breakdown
22:42 - GLDY Versus Other Gold Tokens
27:58 - Retail and Institutional Access
30:04 - Where to Learn More
Disclaimer: The hosts and the firms they represent may hold stakes in the companies mentioned in this podcast. None of this is financial advice.
