Theo Launches Yield-Bearing Tokenized Silver Product thSLVR

According to CoinDesk, on-chain financial platform Theo has launched a yield-bearing tokenized silver product called thSLVR, backed by over $40 million in active leases. This token provides holders with exposure to silver prices while earning income generated from lending the underlying silver to institutional borrowers. Theo stated that the silver backing thSLVR will be leased to established institutional counterparties under standard market terms, with credit exposure guaranteed by the parent company. Initially, the product will be available in a beta version to institutions and whitelisted investors.