Crypto
Theo launches yield-bearing tokenised gold for DeFi use
Blockchain-based finance firm Theo has launched a yield-bearing tokenised gold product, thGOLD, The Block reported on Jan. 17. While existing tokenised gold mainly tracks gold prices, thGOLD provides interest by extending loans backed by physical gold. The product was developed with Libeara and received support from Standard Chartered’s venture arm. It is intended for trading and collateral use across major DeFi platforms.
