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Theo

Builds thUSD, a yield-bearing, gold-backed stablecoin and supporting crypto infrastructure aimed at investors seeking asset-backed dollar alternatives.

AI Fintech
Gold stablecoins
Total Raised
$100M
Last Valuation
$667M
Headquarters
San Francisco, CA

Overview

Theo is developing thUSD, a yield-bearing, gold-backed stablecoin targeting crypto investors and institutional allocators seeking an asset-backed dollar alternative with income potential. The product emphasizes precious-metal collateralization combined with yield generation rather than algorithmic or fiat-collateral models. Founded by ex-Optiver traders, Theo in March 2026 completed an undisclosed $100 million vault raise to support the token launch. Reporting highlights its gold backing, yield-bearing design and the trading-market experience of its founders as key differentiators.

Funding History

1 round · Mar 2026
$100M
Total Raised
1
Valuation: $667M
Cumulative: $100M

Ex-Optiver traders’ Theo raises $100M vault to launch yield-bearing gold stablecoin thUSD

Investors not disclosed
Source

Frequently Asked Questions

How much has Theo raised in total?
Theo has raised a total of $100M across 1 funding round.
Who are Theo's investors?
Theo's investors include Undisclosed.
What does Theo do?
Theo is developing thUSD, a yield-bearing, gold-backed stablecoin targeting crypto investors and institutional allocators seeking an asset-backed dollar alternative with income potential. The product emphasizes precious-metal collateralization combined with yield generation rather than algorithmic or fiat-collateral models. Founded by ex-Optiver traders, Theo in March 2026 completed an undisclosed $100 million vault raise to support the token launch. Reporting highlights its gold backing, yield-bearing design and the trading-market experience of its founders as key differentiators.
Where is Theo headquartered?
Theo is headquartered in San Francisco, CA.