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

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.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io