---
title: "Theo thGOLD (THGOLD) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/thgold-theo/"
description: "Build-time stablecoin profile for Theo thGOLD (THGOLD)."
dateModified: "2026-09-29"
---



# Theo thGOLD (THGOLD)

**Peg:** Gold

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

thGOLD is Theo's announced yield-bearing tokenized gold product, introduced on 27 January 2026. It is designed to track the MG999 Onchain Gold Fund, a bankruptcy-remote Singapore sub-fund managed by FundBridge Capital with Libeara (Standard Chartered) tokenization, which lends gold to retailers such as Mustafa against inventory security and a 20% first-loss buffer, targeting roughly 2% annual yield. The lending fund is already operational and backs thUSD's gold carry strategy, but the token itself has no published contract, redemption path, or launch date: the product page runs a waitlist for institutional partners and accredited investors, and the documentation is marked as undergoing updates. Pharos tracks thGOLD as pre-launch and will re-review the design and controls when a contract deploys.

## Collateral

Gold-denominated secured loans to established gold retailers through the MG999 Onchain Gold Fund, a bankruptcy-remote Singapore sub-fund of the Delta Master Trust operated by FundBridge Capital with Libeara (Standard Chartered) tokenization, security over gold inventory, and a 20% first-loss buffer held by the fund sponsor

## Peg Mechanism

Announced delta-one spot gold exposure with yield of roughly 2% per year from gold leasing, tracking the MG999 Onchain Gold Fund whose loan principal is denominated in grams of gold against the LBMA Gold Price AM; no public token contract or redemption path has been published yet

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Panama | N/A | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.