Theo | Crypto

The onchain capital markets platform allocated $20 million to Fidelity International's tokenized liquidity fund as tokenized Treasury products continue to attract institutional capital. Theo, an onchain capital markets platform, has invested $20 million in Fidelity International's USD Digital Liquidity Fund (FILQ). Theo said the investment makes it the first crypto-native platform to allocate capital to the asset manager's tokenized fund. Executed through Sygnum, a Swiss digital asset bank that provides regulated banking, custody and tokenization services for institutional clients, the allocation adds FILQ to Theo's institutional tokenized Treasury product, thBILL. FILQ is a Moody's Aaa-mf-rated tokenized US dollar liquidity fund built on Sygnum's Desygnate platform that invests in diversified short-term money market instruments designed to preserve capital and liquidity. Chainlink provides onchain net asset value and distribution data for the fund through its Runtime Environment, while JPMorgan receives and ...

A new gold-linked yield stablecoin aims to tap commodity markets for returns as institutions explore alternatives to Treasury-backed tokens. Tokenization platform Theo has received $100 million for a structured investment facility backing its yield-bearing stablecoin, thUSD, underscoring growing institutional appetite for digital dollars tied to alternative yield sources beyond US Treasurys. Theo co-founder Ari Pingle told Cointelegraph that the capital was committed through a structured facility known as the Genesis Vault, which reached its $100 million cap within 24 hours. The funds were deposited into the facility to support the launch of thUSD, rather than representing venture funding for the company. The company uses the deposited funds to buy tokenized gold while simultaneously shorting gold futures on the CME to hedge price movements. The strategy is designed to reduce exposure to gold price volatility while generating yield from gold financing and futures market spreads. Read more