Theo partners with Libeara to launch yield-bearing tokenized gold

Real-world asset tokenization platform Theo has partnered with Libeara, a venture backed by Standard Chartered, to launch thGOLD, a yield-generating tokenized gold product. The offering is designed to address the profitability limitations that have historically challenged the on-chain gold market. thGOLD tracks the spot price of gold while providing additional yield through a lending service collateralized by physical gold inventory. The product is based on FundBridge Capital's MG999 On-Chain Gold Fund. It distributes interest to investors generated from loans to large retailers, such as Singapore's Mustafa Gold, who borrow against their gold inventory to secure liquidity. Theo plans to list thGOLD on major decentralized finance (DeFi) platforms, including Hyperliquid, Uniswap, Morpho, and Pendle, to support its use in trading and as collateral.