News linked to both this project and an event.
Odaily News: Blockchain financial platform Theo has launched a tokenized silver product called thSLVR, with $40 million in active silver lease commitments. The token distributes lease fees paid by institutional borrowers to holders while maintaining exposure to silver.The product expands Theo's commodity financing business from gold to silver and will support its stablecoin thUSD. (CoinDesk)
According to CoinDesk, on-chain financial platform Theo has officially launched thSLVR, a yield-bearing tokenized silver product, with an initial committed lease size of over $40 million. Holders can maintain exposure to silver prices while earning lease income generated by lending the underlying metal to institutional borrowers such as refiners, mints, and industrial manufacturers. Traditionally, such yields are typically captured by precious metals banks and dealers, rather than retail investors in products like ETFs.
Stable, a blockchain focused on USDT payments, launched its yield product StableEarn on May 26, expanding its business from stablecoin payments to fund management. The first vault has gone live on Morpho, with crypto risk management firm Gauntlet responsible for configuring deposited assets within Morpho’s lending markets and managing risk parameters and rebalancing. The product targets neobanks, fintech companies, payment processors, and individual users. The first vault is powered by Theo’s products, featuring strategies including tokenized U.S. Treasury exposure (thBILL), interest-bearing gold tokens backed by loans to jewelers (thGOLD), and an interest-bearing stablecoin built on gold derivatives (thUSD).