Theo
@Theo_Network
Real-world asset infrastructure for global markets
26 Following 122.9K Followers
July CPI landed in line at 3.4%, and September hike odds fell. Markets read it as cover for the Fed to stay put.
Theo CIO @iggyioppe told @YahooFinance, @CoinDesk and @TheBlockCo why a hold isn't neutral.
Read the full articles below.
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Most tokenized assets can be held but not used.
Our CIO @iggyioppe joined @JackNiewold to discuss why that's ending: the application era of crypto, gold that earns lease income instead of charging custody fees, and money market funds that work as DeFi collateral.
Full episode below ↓
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1/ Mustafa Centre moves roughly half a tonne (~$65M) of gold jewelry a month from a single retail location in Singapore, as one of the largest gold retailers in the country.
We sat down with them to understand how a gold retail business like that actually runs.
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"Bitcoin is down almost 50%. So it definitely hasn't worked."
Theo CIO @iggyioppe debated Bitwise's head of derivatives on @beincrypto's Markets Intelligence Council over whether bitcoin has earned the digital gold label.
Read the full article below.
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1/ Our CIO @iggyioppe told IFR that a lot of AI infrastructure debt is being priced on the issuer's name rather than on the assets behind it. The Beignet 2049s have repriced from 5.60% to 7.10% as investors started asking what's underneath.
We hold the same standard onchain: reserves you can verify, not disclosures you have to take on faith.
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Markets don't send a warning before they break.
Our CIO @iggyioppe joined @beincrypto's Expert Council to talk through what actually protects capital in a macro shock: real assets, market structure, and why gold keeps outlasting every hedge built to replace it.
Watch the full conversation below.
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1/ Gold carry deployment (accessed by staking thUSD) just crossed $50M.
We took one of the oldest yield sources in finance and rebuilt it onchain. Capital is showing how much demand there is for it.
And there's room to run: our gold carry trade has capacity into the billions, without the yield compression that caps crypto-native alternatives.
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The Fed held rates steady this week, with three officials pushing for a hike.
Our CIO, @iggyioppe, spoke with @TheBlockCo on what the pause actually signals for risk assets.
Read the full article below.
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Onchain markets are moving past representing assets to running real markets in them.
Our CIO @iggyioppe spoke with @FinancialTimes on how pre-IPO perps price a company before it lists, then converge with the stock once it trades.
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Our CIO @iggyioppe was featured in @beincrypto's Expert Council on why $32.9B in tokenized RWAs sits dormant, and what it takes to make on-chain assets actually work.
Read the full article below.
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The RWA market spent two years measuring progress by what got issued onchain. Now, a more interesting question arises: what those assets are actually used for.
@Castle_Labs describes how thBILL added Fidelity International's FILQ as a second institutional underlying, and the onchain product is what makes the fund useful.
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Congrats to the @Stable team on StablePay.
Sending USDT to anyone, anywhere should be as easy as a few taps on your phone, and thanks to StablePay, now it is.
StableEarn currently yields 13.35% APY on USDT deposits. In less than 2 months, it's grown to become the largest USDT vault outside of Ethereum Mainnet.
Deposit today to earn. Link below.
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1/ The second week of thUSD points are live in the app.
Track everything you've earned in one place:
Congrats to @SKhynix on the largest-ever US listing by a foreign company.
Global capital reaching for the best assets wherever they sit, and a reminder of why we've been so active building in Korea. 🇰🇷
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"What actually sits underneath thUSD?”
It's the first question every allocator asks. For thUSD, the answer is specific at every layer: regulated custodians, segregated accounts, bankruptcy-remote structures, and none of it at a crypto-native venue.
We work with bluechip institutions as counterparties: Standard Chartered, Wellington Management, Fidelity International, and StoneX.
This topic is the focus of our first edition of Examining thUSD: Institutional Counterparties.
🧵
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Our H1, from the person who built it.
What shipped, what we learned, and where we go next. 👇
Theo Cofounder @AriPingle explains how thBILL is realizing its vision.
You can also read this full piece on our blog. The link is in the first reply.
1/ Theo has invested $20M into FILQ, Fidelity International's tokenized USD digital liquidity fund, built on @sygnumofficial. @chainlink brings FILQ's NAV onchain, with daily pricing data sourced from @jpmorgan.
This is the first time a crypto-native platform has accessed Fidelity International's tokenized fund offering.
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New Listing: $sthUSD
$sthUSD is a yield-bearing stablecoin issued by @Theo_Network, a staked version of thUSD.
It generates yield through a delta-neutral gold strategy by buying thGOLD and shorting CME gold futures, supported by reserves in stablecoins and tokenized treasuries.
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