Theo, a real-world asset (RWA) tokenization platform, has launched thGOLD, a tokenized gold product.
The token not only provides exposure to spot gold prices but also generates yield, according to a press release viewed by The Defiant. This differs from most other tokenized gold products, which typically only track spot prices. Theo said thGOLD is expected to be available across decentralized finance (DeFi) venues, including Hyperliquid, Uniswap, Morpho, and Pendle.
The launch comes as gold prices reached a new all-time high this week, rising above $5,100 per ounce amid strong demand for safe-haven assets. Last week, tokenized gold surpassed $4 billion in market value, The Defiant reported. Tether Gold (XAUT) and Paxos Gold (PAXG) accounted for most of this growth, according to DeFiLlama data.
It also comes as investors continue to look for ways to make idle assets like gold more productive within the DeFi landscape, especially as interest in tokenized real-world assets (RWAs) continues to grow.
Currently, the tokenized RWA sector boasts over $23 billion in Distributed Asset Value, up 12% over the past month, per RWAxyz. Meanwhile, the tokenized commodities market stands at $5.14 billion, up more than 28% over the past 30 days
