STRATO Launches HardFi for Tokenized Gold & Silver; TVL Hits $38M
Fenbushi Capital-backed STRATO, which first tokenized a real-world asset on Ethereum in 2016, now offers DeFi lending for gold and silver via HardFi. The protocol has $38M in TVL and has originated over $2M in loans, as gold surged 66% in 2025 amid central bank buying.
We first backed the team behind @strato_net in 2016, right after they became the first to tokenize a real-world asset on Ethereum. They've been building consistently ever since. Here's an introduction to their latest project, STRATO:
STRATO created HardFi: tokenized gold and silver powered by DeFi. On STRATO, users can borrow against gold and silver, unlocking liquidity for trading or expenses without selling their inflation-resistant assets.
A decade on, the macro has validated the thesis. Gold rose 66% in 2025, fueled by consumer hedging against inflation and banks buying over 1,000 tonnes every year since 2022. STRATO now has $38M in TVL and has originated more than $2M in loans.