BioSig Taps Parcl Founders to Accelerate Real-World Asset Tokenization
- BioSig has appointed Parcl founders Trevor Bacon and Kellan Grenier as strategic advisors to its subsidiary Streamex, following its acquisition of the asset tokenization firm.
- Streamex aims to revolutionize commodity finance by leveraging blockchain technology to tokenize real-world assets like commodities, improving liquidity and market access.
- Tokenization of real-world assets is a fast-growing trend, with projections estimating a $16 trillion market by 2030, and BioSig is positioning itself at the forefront of this shift.
BioSig Technologies Appoints Parcl Co-Founders as Strategic Advisors
BioSig Technologies (NASDAQ: BSGM) has appointed Trevor Bacon and Kellan Grenier, co-founders of the blockchain platform Parcl, as Strategic Advisors to its subsidiary, Streamex Exchange Corporation.
This move follows BioSig's recent acquisition of Streamex, a company specializing in the tokenization of real-world assets, particularly in the commodities sector.
Blockchain Expertise Meets Real-World Assets
Bacon and Grenier bring extensive experience in decentralized finance and real-world asset tokenization. Parcl, their brainchild, is a blockchain-native platform built on Solana that enables users to gain exposure to real estate markets through synthetic, perpetual trading.
Under their leadership, Parcl has become a leading protocol bridging real estate and decentralized finance.
Leadership Backing the Vision
Henry McPhie, CEO of BioSig and Co-Founder of Streamex, expressed confidence in the new advisors, stating:
“Trevor and Kellan are true innovators in the space. Their experience building one of the most forward-thinking decentralized trading platforms makes them an ideal fit for BioSig and Streamex’s mission.”
The addition of Bacon and Grenier expands the advisory board at BioSig and Streamex, which includes notable figures such as Frank Giustra, Sean Roosen, and Mathew August, each bringing expertise in commodities, mining, and capital markets, respectively.
This strategic appointment aligns with BioSig's broader vision to revolutionize commodity finance through blockchain technology, enhancing liquidity and accessibility in traditionally illiquid markets.
What Is Tokenization—and Why It Matters
Tokenization of real-world assets (RWA) refers to converting physical or traditional financial assets—like commodities, real estate, or art—into digital tokens on a blockchain. These tokens can then be traded or fractionalized, opening access to markets previously limited by geography, regulation, or capital requirements.
According to Boston Consulting Group, the tokenized RWA market could reach $16 trillion by 2030, with early traction already seen in real estate, private credit, and commodities. As the financial system migrates toward on-chain infrastructure, BioSig and Streamex are positioning themselves at the forefront of this multitrillion-dollar transformation.
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