Theo Launches Tokenized Silver Product Backed by $40M in Leases

Theo, a blockchain finance platform, has launched a yield-bearing tokenized silver product backed by more than $40 million in active leases.

The new token, called thSLVR, provides holders with exposure to the price of silver while also generating income from fees paid by institutional borrowers who lease the underlying metal. The product is designed for refiners, mints, and industrial manufacturers who borrow silver to meet production needs.

This launch marks an expansion of Theo’s onchain commodities-financing business, which previously focused on gold. The company stated that the product will also support its thUSD stablecoin.

The platform said thSLVR allows investors to retain exposure to the precious metal’s value while earning income from the lending activity, bringing a traditional finance leasing model onto the blockchain.