Theo has partnered with Standard Chartered‑backed Libeara to launch thGOLD, a tokenized gold product announced in Singapore. Unlike many earlier tokens that only track gold’s price, thGOLD combines spot‑price exposure with an additional yield component. The token is backed by FundBridge Capital’s MG999 On‑Chain Gold Fund and is designed for use across major DeFi venues.
Partnership Announcement and Product Overview
Theo’s collaboration with Libeara brings together a real‑world asset tokenization platform and a venture supported by Standard Chartered. The launch in Singapore highlights the partners’ aim to bridge traditional finance practices with decentralized finance tools. thGOLD is structured to follow the spot price of gold while also delivering periodic yield to token holders.
Yield Generation Mechanism
thGOLD generates yield by using gold inventory as collateral for loans to large retailers. The published example includes loans to Singapore’s Mustafa Gold, which borrow against physical gold to obtain liquidity. Interest from these loans is distributed to thGOLD holders, creating a yield source separate from gold price movements.
The token’s underlying collateral is FundBridge Capital’s MG999 On‑Chain Gold Fund, which provides the physical backing for the tokenized positions. This design contrasts with many traditional tokenized gold products that historically offered only price exposure without an income stream.
Market Context and Competitive Landscape
The broader tokenized real‑world asset market passed the $10 billion mark in 2024, and gold remains a prominent asset class within that universe. Earlier tokenized gold offerings often focused solely on reflecting bullion prices, leaving yield generation largely absent from the category. By adding yield, thGOLD aims to offer a different risk/reward profile compared with those earlier tokens.
For readers who want a primer on asset tokenization, see tokenization basics. For comparisons within gold tokens, see coverage of fractional gold settlements in gold token mechanics.
DeFi Integration Strategy
Theo has confirmed listings and integrations across several DeFi platforms to expand thGOLD’s utility. These integrations are intended to enable trading, collateralization and participation in yield strategies within decentralized ecosystems. Multiple platform support also helps users access the token via the venues they already use.
- Hyperliquid
- Uniswap
- Morpho
- Pendle
Regulatory and Institutional Backing
Libeara’s connection to Standard Chartered provides an institutional element to the project and is highlighted in the partners’ announcement. The MG999 On‑Chain Gold Fund serves as the on‑chain representation of the physical backing, which the parties present as part of the compliance and custody framework. The Singapore announcement signals that the product launch considered local market conditions and regulatory expectations.
Readers interested in broader market implications can review discussions about institutional tokenization trends in market growth outlook.
Why this matters (for a miner in Russia)
For miners operating in Russia with between one and a thousand devices, thGOLD does not change mining mechanics but can affect portfolio choices. If you hold proceeds from mining in crypto, a yield‑bearing gold token offers a non‑crypto income option that still tracks a traditional store of value. At the same time, its DeFi listings mean you may be able to use the token in lending or collateral strategies familiar from other DeFi products.
Keep in mind that listing on multiple platforms may improve access and liquidity, but it also introduces platform‑specific risks and operational steps (wallet compatibility, smart‑contract approvals, custody). From a day‑to‑day perspective, thGOLD is an additional instrument to consider alongside stablecoins and other on‑chain assets.
What to do? (practical steps)
- Monitor official listings: check Hyperliquid and Uniswap for thGOLD availability before trading or using it as collateral.
- Assess use case: decide whether you need price exposure to gold, a yield component, or both, and compare fees and liquidity across platforms.
- Start small: if you plan to test thGOLD in DeFi strategies, allocate a modest amount first to verify wallet and platform interactions.
- Consider custody and counterparty risk: review how the MG999 Fund backing and custody are presented by issuers and platforms.
- Keep local compliance in mind: ensure any on‑chain activity aligns with your jurisdictional obligations and tax reporting.
