Theo Unveils Tokenized Silver Product to Capitalize on Tight Market

Theo, an on-chain finance platform, has launched thSLVR, a tokenized silver product that generates returns from silver lease commitments.

The yield-bearing token is linked to silver prices and allows investors to lend the underlying silver to institutions in exchange for lease income.

thSLVR began in beta with over $40 million in lease commitments secured and will initially be available only to institutions and pre-approved investors, before expanding access later.

The product aims to tap into the growing demand for silver in industries such as refining and minting, where borrowers pay lease fees and return the same amount of silver at maturity.