Onchain finance platform Theo launched thSLVR, a yield-bearing tokenized silver product backed by more than $40 million in active leases. The token gives holders exposure to silver prices while generating income from lending the underlying silver to institutional borrowers. Theo said the silver backing thSLVR will be leased to established institutional counterparties on standard market terms, with credit exposure supported by a parent company guarantee. The product is initially available in beta to institutions and whitelisted investors.