Blockchain finance platform Theo launches tokenized silver backed by $40 million in active leases
The onchain finance platform said thSLVR allows investors to retain exposure to silver while earning income from lending the metal to institutional borrowers.
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Summary
- Theo unveiled thSLVR with $40 million of silver leases committed.
- The token passes lease fees paid by institutional borrowers to holders while maintaining exposure to the metal.
- The product expands Theo’s commodities-financing business beyond gold and will also support its thUSD stablecoin.
