Theo has introduced thSLVR, a token designed to combine silver-price exposure with income from leasing the underlying metal. CoinDesk's September 16 report cites more than $40 million in lease commitments announced by the company.
Where the income comes from
Institutional borrowers use silver for operations such as refining and manufacturing. Under the described arrangement, they pay a lease fee and return equivalent metal; thSLVR is intended to pass the resulting income to token holders.
That adds a financing component to holding silver. It also means investors need to assess borrower performance alongside the metal's price. The reported commitment figure is not a guaranteed return or an independently audited valuation of token reserves.
The product initially operates in beta for institutions and whitelisted investors. AlexaBlockchain's account of the announcement also describes broader access as a later step.
Both accounts trace the launch figures to Theo. Neither establishes a fixed future yield, and the initial eligibility restrictions matter before treating thSLVR as an open retail product.