Blockchain finance platform Theo launches tokenized silver backed by $40 million in active leases
The onchain finance platform said thSLVR allows investors to retain exposure to silver while earning income from lending the metal to institutional borrowers.
Source: CoinDesk
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DW NOTE
Theo is launching a product that lets holders collect lease fees on silver at a moment when silver has fallen 43.7% from its peak and traded as low as $54.74 in July. The pitch is that refiners and mints pay to borrow metal without taking price risk — which rather suggests they expect prices to keep falling.