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Project Overview
Theo is decentralized trading infrastructure connecting onchain capital with global markets and institutions. Under the hood, Theo is powered by a low-latency settlement network that executes trades across every major trading venue in crypto while autonomously maintaining margin requirements. Theo's core innovations are a global balance sheet and dedicated settlement network implementing proprietary execution, policy, risk, and custody architecture.
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Theo invests $20 million in FILQ, Fidelity International's tokenized dollar liquidity fund
Odaily, On-chain capital market platform Theo has completed a significant RWA allocation, investing $20 million into FILQ, Fidelity International’s tokenized dollar liquidity fund, through Sygnum, a Swiss licensed digital asset bank. Theo is the first crypto-native platform to participate in the fund's investment.Issued via the Sygnum Desygnate tokenization platform, FILQ has achieved the highest Aaa-mf rating from Moody's for money market funds. The fund invests in a diversified portfolio of short-term, high-rated monetary instruments. On-chain net asset value (NAV) and dividend data are provided in real-time via Chainlink oracles, while daily NAV calculation and auditing are handled by JPMorgan.According to data from RWA.xyz, FILQ currently manages approximately $55.1 million in on-chain assets. Theo’s $20 million investment accounts for nearly one-third of the fund's total size. On an industry level, the tokenized U.S. Treasury market is expanding rapidly, with its scale growing from $6.9 billion to $14.6 billion over the past year, accelerating the on-chain migration of real-world assets. (Cointelegraph)
Aztec Labs Acquires ZKPassport Development Team, Commits to Continued Open-Source Privacy Protocol and iOS App
Aztec Labs has announced the acquisition of Obsidion, the development company behind the privacy identity verification tool ZKPassport. The core team of Obsidion will join Aztec Labs to continue advancing the development of ZKPassport and related privacy products.According to the announcement, Obsidion co-founders Michael Elliot and Theo Madzou will join Aztec Labs. The transaction amount and other terms have not been disclosed. Aztec Labs also stated that it will continue to maintain the open-source nature of the ZKPassport protocol and its iOS mobile application, emphasizing its long-term commitment to privacy protection and an open ecosystem. (The Block)
Stable Launches Yield Product StableEarn, Enters Asset Management Space
Stable, a blockchain focused on USDT payments, launched its yield product StableEarn on May 26, expanding its business from stablecoin payments to fund management. The first vault has gone live on Morpho, with crypto risk management firm Gauntlet responsible for configuring deposited assets within Morpho’s lending markets and managing risk parameters and rebalancing. The product targets neobanks, fintech companies, payment processors, and individual users. The first vault is powered by Theo’s products, featuring strategies including tokenized U.S. Treasury exposure (thBILL), interest-bearing gold tokens backed by loans to jewelers (thGOLD), and an interest-bearing stablecoin built on gold derivatives (thUSD).