🚀 Stable and Theo Invest Over $100 Million in Tokenized U.S. Treasury Fund
#Stable #Theo #Investment #Tokenized #USTreasury #DeltaWellington #UltraShortTerm #FundBridgeCapital #WellingtonManagement #Libeara #ParticulaAAA #OnChainFund
According to Odaily, Stable and Theo have jointly invested more than $100 million into the Delta Wellington Ultra-Short-Term U.S. Treasury On-Chain Fund (ULTRA). Managed by FundBridge Capital and Wellington Management Company, the fund is supported by the tokenization platform Libeara. ULTRA is among the first institutional-grade U.S. Treasury strategy products to be launched in tokenized form and has received a Particula AAA rating.#Stable #Theo #Investment #Tokenized #USTreasury #DeltaWellington #UltraShortTerm #FundBridgeCapital #WellingtonManagement #Libeara #ParticulaAAA #OnChainFund
🚀 Theo Raises $100 Million for Gold-Backed Stablecoin Launch
#Theo #Stablecoin #GoldBacked #thUSD #thGOLD #Tokenization #Investment #GoldFutures #Crypto #Blockchain
Theo, a tokenization platform, has announced the successful raising of $100 million to launch a gold-backed stablecoin, thUSD. According to ChainCatcher, thUSD is pegged to the U.S. dollar and backed by Theo's gold token, thGOLD, which was introduced in January. thGOLD is supported through secured lending agreements between Theo and gold retailers, such as Singapore's Mustafa Gold, and it can also generate returns.
thUSD will derive its income from two sources: the returns from the underlying assets of thGOLD and the price differential gains from shorting gold futures contracts. Theo's Chief Investment Officer, Iggy Ioppe, stated that under favorable market conditions, this mechanism is expected to achieve an annualized return of approximately 10%.#Theo #Stablecoin #GoldBacked #thUSD #thGOLD #Tokenization #Investment #GoldFutures #Crypto #Blockchain