Streamex's Gold Play: Tokenizing Royalties in a Landmark RWA Deal

LOS ANGELES, CA – December 11, 2025 – In a move that signals a deepening convergence between traditional commodities and digital finance, institutional tokenization leader Streamex Corp. (NASDAQ: STEX) today announced its acquisition of a 9.9% strategic equity stake in Empress Royalty Corp. (TSXV: EMPR). The transaction, valued at US$12.2 million, is far more than a simple line item on a balance sheet; it represents a calculated push to bridge the tangible world of precious metals with the burgeoning infrastructure of on-chain, real-world asset (RWA) tokenization.

This deal sees Streamex, a firm dedicated to building regulated digital asset infrastructure, gain significant exposure to Empress Royalty’s portfolio of cash-flowing gold and silver streams. It’s a move that validates Streamex’s market position while laying the groundwork for a new class of financial products, fundamentally altering how investors interact with one of the world's oldest asset classes.

The Anatomy of a Premium-Priced Partnership

The financial structure of the deal itself is a noteworthy indicator of market confidence in Streamex's vision. The acquisition was not a simple cash purchase but a sophisticated share-for-share transaction with institutional investor Terra Capital Natural Resources Fund. Streamex acquired over 12.6 million common shares of Empress in exchange for approximately 2.4 million of its own restricted shares.

Crucially, these STEX shares were valued at US$5.00 each, a significant premium to both the stock's recent trading price around $4.30-$4.40 and its last major equity financing in August 2025, which was priced at US$3.90 per share. Executing a deal at a premium with a prominent institutional firm like Terra Capital serves as a powerful endorsement of Streamex's strategy and intrinsic value. It demonstrates a clear demand for its equity from sophisticated investors who see long-term potential in its RWA-focused mission.

For Terra Capital, the transaction represents a strategic pivot. Rather than simply cashing out of its Empress position, the fund has converted its stake into a long-term partnership with Streamex. Jeremy Bond, CEO of Terra Capital, framed the move as an alignment with a forward-thinking platform. “Streamex is building one of the most forward-thinking platforms in the real-world asset space, and we believe their vision for bringing commodity-backed assets into modern financial infrastructure is both compelling and timely,” Bond commented in the official announcement. This shift from holding a direct commodity asset to holding equity in the company tokenizing such assets speaks volumes about where institutional capital sees future growth.

Fusing Old Gold with New Financial Code

At the heart of this deal is Empress Royalty's portfolio. As a pure-play precious metals royalty and streaming company, Empress holds interests in a diversified collection of producing and development-stage mines. Its portfolio includes assets like a 3.375% net smelter return on the Manica gold project in Mozambique and a silver stream on the Tahuehueto project in Mexico. This model provides exposure to gold and silver prices while insulating the company from the direct operational risks and capital expenditures of mining.

For Streamex, this portfolio is the perfect raw material. The company’s core mission is to bring real-world, yield-generating assets onto the blockchain. Royalty and streaming assets, which produce predictable, long-term cash flows, are ideal candidates for tokenization. They can be fractionalized, increasing accessibility for a wider pool of investors, and traded on digital platforms, boosting liquidity in what has traditionally been a relatively illiquid market.

Streamex CEO Henry McPhie emphasized this strategic fit, stating, “Securing a 9.9% strategic position in Empress Royalty Corp. is an important milestone for Streamex as we advance our mission to expand deeply into the commodities space.” He noted that Empress’s portfolio provides “direct exposure to real, cash-flowing precious-metal assets that complement our broader strategy of building institutional pathways for tokenized commodity markets.”

This isn't just about owning a piece of a mining finance company; it's about acquiring the foundational assets needed to build and test the rails for a new digital commodity market. By integrating these revenue streams into its regulated, on-chain infrastructure, Streamex can develop and offer a new generation of asset-backed digital products.

A Bellwether for the RWA Revolution

Zooming out, the Streamex-Empress deal is a significant case study in the broader RWA tokenization movement, which many industry analysts believe is the next major growth phase for blockchain technology. After years of focus on native cryptocurrencies, the industry is now turning its attention to representing tangible assets—from real estate and private equity to art and commodities—on-chain.

The potential is enormous. Tokenization promises to democratize access to exclusive investment classes, enhance market efficiency through automated smart contracts, and provide unprecedented transparency. However, the path to mainstream adoption is fraught with challenges, primarily around regulation, security, and establishing legal and technical frameworks that can provide institutional-grade trust.

This is where Streamex is positioning itself as a pioneer. By emphasizing its role as a “vertically integrated technology and infrastructure company” focused on “institutional-grade solutions,” the firm is directly addressing the core concerns that have kept many large financial players on the sidelines. Its strategy is not to circumvent the existing financial system but to upgrade it, bridging the gap between traditional finance and blockchain-enabled markets.

This acquisition demonstrates a practical, step-by-step approach. Rather than theorizing about tokenizing gold, Streamex has secured a direct, equity-linked pipeline to the cash flows generated by it. This provides a tangible, auditable basis for the digital assets it intends to create, moving the concept of RWA tokenization from a whitepaper theory to a concrete business strategy with a clear path to generating revenue.

By taking a stake in a company with a proven track record—Empress saw its revenue grow 127% to over US$8 million in 2024—Streamex is anchoring its digital ambitions in real-world performance. This strategic blend of physical asset backing and digital innovation is precisely the kind of model that regulators and institutional investors are looking for. The deal serves as a powerful proof-of-concept for how the value locked in traditional, physical assets can be unlocked and amplified through modern, regulated digital infrastructure. This transaction is not just an entry in a ledger; it is a declaration that the future of finance is being built by fusing the tangible value of the old world with the boundless potential of the new.