Theo has launched thGOLD, a new tokenized gold product that combines the ability to track the spot gold price and generate yields — a missing element in the onchain gold market. The product is developed in partnership with Libeara, a tokenization company backed by the venture capital arm of Standard Chartered, with the goal of making gold an efficient asset for DeFi.
thGOLD is built on the MG999 On-Chain Gold Fund of FundBridge Capital, which specializes in secured loans backed by physical gold inventory from reputable retailers, starting with Mustafa Gold in Singapore. Through gold-backed collateralized lending, the fund generates interest while maintaining exposure to gold price fluctuations.
The product will be deployed on major DeFi platforms such as Hyperliquid, Uniswap, Morpho, and Pendle, allowing for trading and use as collateral assets.
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According to the launch of the yield-generating gold token designed to 'operate within DeFi'
Theo has launched thGOLD, a new tokenized gold product that combines the ability to track the spot gold price and generate yields — a missing element in the onchain gold market. The product is developed in partnership with Libeara, a tokenization company backed by the venture capital arm of Standard Chartered, with the goal of making gold an efficient asset for DeFi.
thGOLD is built on the MG999 On-Chain Gold Fund of FundBridge Capital, which specializes in secured loans backed by physical gold inventory from reputable retailers, starting with Mustafa Gold in Singapore. Through gold-backed collateralized lending, the fund generates interest while maintaining exposure to gold price fluctuations.
The product will be deployed on major DeFi platforms such as Hyperliquid, Uniswap, Morpho, and Pendle, allowing for trading and use as collateral assets.