Theo launched the yield-generating gold token thGOLD, realizing the native DeFi

According to The Block, Theo has launched an innovative gold token thGOLD, which combines physical gold collateral with a yield mechanism, distinguishing it from traditional token products that only track gold prices.

This product is based on a gold lending fund involving Singapore's Mustafa Gold, with partners including Standard Chartered-backed Libeara and FundBridge Capital. thGOLD will be available on multiple DeFi platforms such as Uniswap, Morpho, and Pendle, marking the first time that physical gold assets have achieved on-chain yield and collateral functionality.