Paxos Labs and Theo launch yield-bearing gold and silver tokens
- —Paxos Labs launched PAXGy on September 24, 2026, backed by PAXG and earning from gold leasing
- —Theo introduced thGOLD in January 2026, yielding roughly 2% from gold lending
- —Theo rolled out tokenized silver backed by $40 million in active leases
- —Tokenized gold trading volume reached $90.7 billion in Q1 2026
Why it matters: Yield-bearing tokens turn gold and silver into productive DeFi collateral, but add counterparty risk from leasing.
Source: Crypto Briefing