Streamex GLDY
This file replaced an earlier version on 2026-09-24. Superseded because the minimum was stated after all. The file said no document names a minimum; Streamex Ltd.’s February 2026 Form D states $1 as the minimum accepted from any outside investor, and reports no sales and no investors at filing. The file now quotes the Form D. Earlier versions.
Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.
The verdict is on the memo: Streamex GLDY Not approved
Eligibility
Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.
- What the holder owns
A non-voting participating share of Streamex Ltd., a Cayman SPV that owns gold and leases it out. The holder owns a share of the company and does not own the metal.
“Streamex Ltd. issues GLDY tokens, which represent non-voting participating equity interests designed to provide holders with economic exposure to physical gold bullion and gold-denominated leasing returns.”
Streamex Corp.: Form 10-Q for the quarter ended June 30, 2026 · Item 2, Overview · words found 2026-10-16
- Who may hold it
Verified accredited investors only, US or not. Every buyer passes Streamex onboarding and the administrator’s KYC, and Streamex whitelists every wallet.
“For operational consistency, all investors (including non‑U.S. persons) will be required to satisfy accredited‑investor verification and other eligibility requirements.”
Streamex: GLDY product page · Footer disclosures · words found 2026-10-16
- First purchase minimum
$1, per the Form D Streamex Ltd. filed in February 2026. The subscription documents name no minimum.
“Minimum investment accepted from any outside investor $ 1 USD”
SEC EDGAR: Streamex Ltd., Form D filed February 24, 2026 · Item 11, Minimum Investment · words found 2026-10-16
- Account types
Individuals, IRAs, revocable trusts, other trusts, entities and family offices that meet the accredited-investor test; a benefit plan answers a separate questionnaire, and the servicer may force a plan to redeem.
“Individuals, Individual Retirement Accounts or Plans, and Revocable Trusts”
Streamex Ltd.: GLDY Subscription Documents (v3) · Investor Questionnaire, Accredited Investor Status · words found 2026-10-16
- Who it may be transferred to
Only between whitelisted wallets, only to a buyer who signs the subscription agreement, and only once the SPV records the transfer on its register. The SPV may block, reverse or unwind a transfer.
“the SPV reserves the right, in its sole and absolute discretion, to block, reverse, refuse to recognize, or unwind any Secondary Transfer”
Streamex Ltd.: GLDY Subscription Documents (v3) · Section 8(e), SPV Rights · words found 2026-10-16
- How a holder redeems
Through the SPV under a memorandum Streamex does not publish; the subscription agreement says redemption rights are limited.
“The Subscriber is aware of the limited provisions for transferability and redemption from”
Streamex Ltd.: GLDY Subscription Documents (v3) · Section 4(f) · words found 2026-10-16
- Who keeps the official record
The SPV’s register, kept by Zedra as registrar and transfer agent. The register governs who owns a share, whatever the chain shows.
“blockchain records shall not supersede or control over the Register for purposes of determining legal ownership of Tokens”
Streamex Ltd.: GLDY Subscription Documents (v3) · Section 8(b)(ii), General Agreements · words found 2026-10-16
- What the issuer says it can freeze or take back
Two Streamex Safes, each two of three with the same three signers, can freeze any address and then burn its balance; Streamex has done so eight times, most recently on 2026-08-13.
“the SPV may impose or maintain technical controls (including wallet whitelisting and transfer restrictions”
Streamex Ltd.: GLDY Subscription Documents (v3) · Section 8(e), SPV Rights · words found 2026-10-16
| Fact | Answer |
|---|---|
| Who onboards the holder | issuer |
| Voting rights | None |
| Distributions | new tokens |
| SIPC coverage of the wallet | No |
What the issuer filed with the SEC
A private offering files Form D with the SEC within 15 days of its first sale and amends it each year while it sells. The issuer signs it. It states the exemption relied on, the fund’s exclusion from the Investment Company Act (which decides who may buy), the smallest investment accepted, the amount sold, and how many investors hold.
| Filed | Form | Exemption claimed | Minimum | Sold to date | Investors |
|---|---|---|---|---|---|
| 2026-02-24 | D | Rule 506(c) | $1 | $0 | 0 |
Filed by Streamex Ltd. (SEC CIK 2108486). Sold to date counts every sale since the first and does not show the fund’s size today. Ketju reads EDGAR daily and reviews this file again when a new filing appears.
Who controls it
Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.
| Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|
| Base | Yes | Yes | Yes | Yes | Yes | role-gated mint |
Base: 2 contract reads, 6 functions in verified source, 2026-09-23
- eip1967.implementation=0xd3a66bf0ecbf910afcc91bd2af3e724656448cb5
- paused()=false
- addToWhitelist in verified source 0xd3a6…8cb5
- isFrozen in verified source 0xd3a6…8cb5
- pause in verified source 0xd3a6…8cb5
- burn in verified source 0xd3a6…8cb5
- mint in verified source 0xd3a6…8cb5
- upgradeToAndCall in verified source 0xd3a6…8cb5
Where it trades
| Venue | Kind |
|---|---|
| Streamex GLDY platform (app.streamex.com), verified accredited investors only | issuer primary |
| GLDY Pool on Orca, which Streamex says checks its KYC and accreditation records at the token level; no Solana GLDY mint appears in Streamex’s documents | dex |
Redemption
| Route | Settlement | Settles in |
|---|---|---|
| Redeem with the issuer in its window | A holder redeems with the SPV under the Private Placement Memorandum, which Streamex does not publish; the subscription agreement calls the redemption rights limited. Streamex’s 10-Q says GLDY purchases and redemptions settle in USDC, and a trading firm Streamex lent 1,069 GLDY and $5 million of USDC on 2026-07-01 provides instant settlement. Streamex may not be able to sell leased gold at once. | USDC |
| Secondary market only; no issuer redemption | A holder may sell to another whitelisted, accredited buyer who signs the subscription agreement. The sale takes effect only when the SPV records it on its register, and the SPV may block, reverse or unwind it. | USDC |
- On Base, the implementation behind 0x632db1aAaCe73401a5dc8cDE6e9062B8eC0FD819 changes, DEFAULT_ADMIN_ROLE leaves the 3-of-5 Safe 0x05ed6826524eBe9F3df837B06803Ff797f4e2130, or TREASURY_ROLE (Safe 0xaAB923EeFE8F3264d08b4610c6969D6d98104165) or OPERATOR_ROLE (Safe 0xA50FC96F444C2922cA80CC7E56fD8E10633cE983) is granted to another address
- The whitelist is disabled, an address is frozen, or a Confiscation event burns a balance (the last was 5.35 GLDY on 2026-08-13)
- Streamex issues GLDY on a second chain, or publishes a Solana mint for the Orca pool
- Streamex Corp. holds less than half of GLDY outstanding (91.0% on 2026-06-30), or sells its management share or replaces GLDY ServiceCo, LLC
- Streamex publishes the Private Placement Memorandum, a minimum investment, or the redemption terms
- The custodian, the leasing agent Monetary Metals, or the administrator Zedra changes, or a lessee defaults
- A reserve report or the Chainlink proof-of-reserve feed shows fewer ounces than tokens
Daily checks
Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote, since a fund of this kind accrues a few basis points a day. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju reads EDGAR for the issuer’s Form D filings and reviews the file again when a new filing appears. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.
File history
Ketju has revised this file once since filing it. Ketju keeps each earlier version as published, with the reason for the change.
| Date | Change |
|---|---|
| 2026-09-23 | Filed. |
| 2026-09-24 | Revised. Superseded because the minimum was stated after all. The file said no document names a minimum; Streamex Ltd.’s February 2026 Form D states $1 as the minimum accepted from any outside investor, and reports no sales and no investors at filing. The file now quotes the Form D. |
Sources
- SEC EDGAR: Streamex Ltd., Form D filed February 24, 2026 · primary · accessed 2026-09-24
Supports: Rule 506(c), minimum accepted from any outside investor, no sales and no investors at filing - Streamex Ltd.: GLDY Subscription Documents (v3) · primary · accessed 2026-09-23
Supports: non-voting participating shares of Streamex Ltd., accredited investors only, GLDY ServiceCo, LLC as servicer, register controls legal ownership, not the blockchain, SPV may block, reverse or unwind a transfer, limited transfer and redemption rights, related-party sales of gold and gold leases - Streamex: GLDY product page · primary · accessed 2026-09-23
Supports: one fine troy ounce per GLDY, target 3.5% yield paid as additional GLDY, Rule 506(c), restricted securities with whitelisting, Streamex, Ltd. Cayman exempt company - Streamex Corp.: Form 10-Q for the quarter ended June 30, 2026 · primary · accessed 2026-09-23
Supports: GLDY as non-voting participating equity interests, Streamex Ltd. consolidated as a VIE, single voting management share, about 3,111 GLDY outstanding, 91.0% held by Streamex, $15.5 million of gold at cost, gold lease income through one program, USDC settlement and liquidity loan - Streamex Corp.: press release on the GLDY Pool on Orca (May 27, 2026), Form 8-K Exhibit 99.1 · primary · accessed 2026-09-23
Supports: Rule 506(c), verified accredited investors only, GLDY Pool on Orca, compliance enforced at the token level - Streamex GLDY app (app.streamex.com main bundle, service-provider panel and token address) · primary · accessed 2026-10-18
Supports: GLDY token address on Base, Asahi Depository LLC, Blauvelt NY custodian, Zedra Fund Administration (Cayman) registrar and transfer agent, Monetary Metals leasing agent, EisnerAmper US (Cayman) auditor, Chainlink proof of reserve - GLDY implementation on Base (GLDYTokenERC20, Sourcify exact match) · primary · accessed 2026-09-23
Supports: whitelist checked on every transfer, setAddressFrozen by OPERATOR_ROLE, burn from a frozen address by TREASURY_ROLE, mint capped by reserves, UUPS upgrade by DEFAULT_ADMIN_ROLE