Tokenization Startup Theo Launches Beta Platform for Institutional RWAs

Theo, a New York-based tokenization platform, has launched its beta service with a focus on institutional-grade tokenized money market products. The startup's flagship offering, thBill, targets the liquidity challenges plaguing tokenized funds despite institutional backing. ULTRA, a Singapore-based token-native fixed income fund, serves as Theo's first client, leveraging Wellington Management's expertise and Libeara's technology stack.

Theo distinguishes itself by bundling token issuance with continuous market-making services—a direct response to the lack of trading volume that undermines investor confidence in tokenized assets. The MOVE comes amid growing but measured institutional interest in onchain traditional finance assets, with adoption slowed by liquidity concerns.