Theo Launches Tokenized Silver Product thSLVR

Theo, a real-world assets (RWA) tokenization platform, has launched the tokenized silver product thSLVR, according to CoinDesk. The platform currently has $40 million in secured silver lease agreements. thSLVR allows token holders to maintain exposure to silver prices while distributing lease fees paid by institutional borrowers. Theo is expanding its existing commodity finance business from gold to silver with this launch and plans to use thSLVR as a backing asset for its stablecoin thUSD.