Theo Launches Yield-Bearing Tokenized Silver Product thSLVR

Tokenized precious metals have largely been a passive holding story, so attaching a lease-based yield stream is the more notable development here — it turns a static store of value into a cash-flow instrument. The institutional framing matters: a parent guarantee and whitelisting suggest Theo is courting balance-sheet allocators rather than retail, where counterparty risk in metals lending is the real sticking point. Whether the yield can be sustained without widening credit exposure, and whether leasing terms hold up if institutional borrowing demand shifts, is the open question.