3 Crypto Companies Think They’ve Figured Out How to Generate Yield on the $4.6 Billion ‘Tokenized Gold’ Market

3 crypto companies think they’ve figured out how to generate yield on the $4.6 billion ‘tokenized gold’ market

The price of gold has gone up 85.56% in the past 12 months—it currently sits at over $5,100 on the Comex continuous contract—so if you bought some a year ago, you are probably pretty happy. But if you are a jewelry maker or retailer who needs to buy gold repeatedly as part of your manufacturing operations, you’ve got a logistical headache. You can wait until all your current inventory has been sold and then use that cash to buy more gold for new…

Theo Launches Yield-Bearing Tokenized Gold Product Backed by Secured Lending

Latest News and Updates on blockchain industry by AlexaBlockchain ("Alexa Blockchain"). Theo has launched thGOLD, a tokenized gold product that combines exposure to gold prices with yield generation. The post Theo Launches Yield-Bearing Tokenized Gold Product Backed by Secured Lending appeared first on AlexaBlockchain.