Theo launches $40M tokenised silver

• Theo has launched thSLVR, a tokenised silver product backed by more than $40 million of active leases.
• The product lets holders keep silver exposure while receiving income from institutional metal lending.
• Theo has initially made thSLVR available to institutions and whitelisted investors in beta.

Theo has launched thSLVR, a tokenised silver product backed by more than $40 million of committed leases.

The product gives holders exposure to silver while passing lease income from institutional borrowers to token holders.

“Silver is heading into a sixth straight year of supply deficit and the lendable pool in London is near a record low,” said Theo Chief Investment Officer Iggy Ioppe.

Theo has said established institutional counterparties will lease the silver under standard market terms, backed by a parent-company guarantee.

thSLVR is initially available in beta to institutions and whitelisted investors, with broader access planned later.

Theo has expanded its commodities-financing business beyond gold, while its silver leases will also support its yield-bearing thUSD stablecoin.

The tokenised commodity market has reached about $4.9 billion across 130 products, while tokenised silver remains smaller than tokenised gold.