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 pr...

<div><p>Theo, a real-world asset (RWA) tokenization platform, has launched thGOLD, a tokenized gold product.</p><p>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.</p><p>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, <a href="https://thedefiant.io/news/defi/tokenized-gold-capitalization-tops-usd4-billion-as-spot-approaches-usd5-000">tokenized gold surpassed $4 billion in market value</a>, The Defiant reported. Tether Gold (XAUT) and Paxos Gold (PAXG) accounted for most of this growth, according to DeFiLlama data.</p><p>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. </p><p>Currently, the tokenized RWA sector boasts over $23 billion in Distributed Asset Value, up 12% over the past month, per RWAxyz. Meanwhile, the <a href="https://thedefiant.io/news/defi/tokenized-commodities-market-soars-past-usd1-3b-as-investors-flock-to-rwas">tokenized commodities market</a> stands at $5.14 billion, up more than 28% over the past 30 days</p><div><div><article><button/><iframe/></article></div></div><p>thGOLD is built on the MG999 On-Chain Gold Fund, a tokenized private credit fund managed by FundBridge Capital, the release explained. The fund generates yield by lending to gold retailers, starting with Singapore-based Mustafa Gold. Libeara, a tokenization platform incubated by Standard Chartered Ventures, provides the underlying infrastructure.</p><p>Theo said the structure could later be expanded to incorporate additional sources of yield, including bank gold lending rates.</p><p>"Most tokenized gold today is just a wrapper. You're paying fees to hold an asset that does nothing,” said Ari Pingle, co-founder of Theo. “We built thGOLD to actually work in DeFi: it earns yield, it trades on real venues, and you can use it as collateral. That's what tokenization should deliver.”</p><p>The release notes that gold rose 64% in 2025, its strongest annual performance in decades, driven by central bank purchases and increased demand for safe-haven assets amid geopolitical uncertainty. </p><p>The launch follows Theo’s earlier tokenized Treasury product, thBILL, which reached more than $200 million in total value locked (TVL) within four months of launch. thGOLD will initially be available through a capped rollout as the underlying fund scales.</p></div>

Theo Launches Yield-Bearing Tokenized Gold as Price Tops $5,100

现实世界资产（RWA）代币化平台Theo推出了thGOLD，这是一种代币化的黄金代币。据一份新闻稿称，该代币不仅可以提供与现货黄金价格挂钩的机会，还能产生收益。

<div><p>现实世界资产（RWA）代币化平台 Theo 推出了代币化黄金产品 thGOLD。</p><p>据The Defiant看到的新闻稿显示，该代币不仅能追踪现货黄金价格，还能产生收益。这与其他大多数仅追踪现货价格的黄金代币化产品不同。Theo表示，thGOLD预计将在包括Hyperliquid、 Uniswap、Morpho和Pendle在内的多个去中心化金融（DeFi）平台上线。</p><p>本周，金价创下历史新高，突破每盎司5100美元，避险资产需求强劲，此次代币化黄金的推出正值此背景下。据《The Defiant》报道，上周代<a href="https://thedefiant.io/news/defi/tokenized-gold-capitalization-tops-usd4-billion-as-spot-approaches-usd5-000">币化黄金的市值突破40亿美元</a>。DeFiLlama的数据显示， Tether Gold (XAUT) 和 Paxos Gold (PAXG) 贡献了其中的大部分增长。</p><p>与此同时，投资者们也在不断寻找方法，让黄金等闲置资产在 DeFi 领域发挥更大的作用，尤其是在人们对代币化现实世界资产 (RWA) 的兴趣持续增长的情况下。</p><p>据RWAxyz数据显示，目前代币化RWA领域的分布式资产价值超过230亿美元，较上月增长12%。与此同时， <a href="https://thedefiant.io/news/defi/tokenized-commodities-market-soars-past-usd1-3b-as-investors-flock-to-rwas">代币化商品市场</a>规模达51.4亿美元，较过去30天增长超过28%。</p><div><div><article><button/><iframe/></article></div></div><p> thGOLD 平台基于 MG999 链上黄金基金构建，该基金是由 FundBridge Capital 管理的代币化私募信贷基金。该基金通过向黄金零售商放贷来产生收益，首批贷款对象为总部位于新加坡的 Mustafa Gold。由渣打银行风险投资公司孵化的代币化平台 Libeara 则提供底层基础设施。</p><p> Theo表示，该结构以后可能会扩展，纳入其他收益来源，包括银行黄金贷款利率。</p><p> Theo联合创始人Ari Pingle表示：“目前大多数代币化黄金只是个包装。你支付费用持有的资产却没有任何实际用途。我们打造thGOLD的初衷是让它真正应用于DeFi：它能产生收益，可以在真实的交易场所进行交易，还可以用作抵押品。这才是代币化应该带来的价值。”</p><p>新闻稿指出，受各国央行购金以及地缘政治不确定性导致避险资产需求增加的推动，黄金价格在2025年上涨了64%，创下数十年来最强劲的年度表现。</p><p>此次推出thGOLD是继Theo此前推出的代币化国库产品thBILL之后的又一力作。thBILL在上线四个月内，总锁定价值（TVL）就突破了2亿美元。thGOLD初期将采取限量发售的方式，随着底层基金规模的扩大而逐步开放。</p></div>

Theo推出收益型代币化黄金，价格突破5100美元

美国总统唐纳德·特朗普近日证实，华盛顿正在向伊朗部署一支规模庞大的海军舰队。据特朗普称，次舰队的规模甚至超过了美国以往部署的任何舰队……

特朗普宣布向伊朗部署“大规模”部队；德黑兰否认与美国进行谈判的报道。

作者：Alan Chen
一个被忽视的数字
如果你的投资组合里有美股、黄金、比特币、或者山寨币，接下来这个数字可能会改变你对这些资产的看法。
标普500除以黄金价格（SPX:GOLD)，现在这个比率是1.45。
大多数人不关心这个数字。毕竟股市还在创新高，账户里的数字还在涨，比特币也在高位徘徊，谁会在意用黄金怎么算？
但Benjamin Cowen关心。他最近连发两期视频，专门分析这个比率以及它对...

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