Theo launches yield-bearing tokenized gold built to ‘work in DeFi’
Theo launched thGOLD, a tokenized gold product offering yield through secured lending, aiming to integrate gold into DeFi ecosystems.Summary
Theo has launched thGOLD, a new tokenized gold product designed to generate yield, a feature largely absent in the onchain bullion market. Developed in partnership with Libeara and built on FundBridge Capital’s MG999 On-Chain Gold Fund, thGOLD offers exposure to spot gold prices while earning yield from lending against physical gold inventories held by retailers like Mustafa Gold. The token will be available on DeFi venues such as Hyperliquid, Uniswap, Morpho, and Pendle, allowing trading and collateralization. This launch comes amid a surge in gold prices and a growing market capitalization for tokenized gold, currently at a record $5.12 billion. Unlike existing gold-backed tokens, thGOLD aims to be fully functional within DeFi, earning yield and actively participating in decentralized markets, rather than simply mirroring gold’s price.
(Source：The Block)