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      Theo Launches Yield-Bearing Tokenized Silver Product thSLVR

      PANews September 16 news, according to CoinDesk, on-chain finance platform Theo has launched a yield-bearing tokenized silver product, thSLVR, backed by over $40 million in active leases. The token gives holders exposure to the price of silver while earning income generated from lending the underlying silver to institutional borrowers. Theo stated that the silver backing thSLVR will be leased to institutional counterparties under standard market terms, with credit exposure supported by the parent company's guarantee. The product is initially available in beta to institutions and whitelisted investors.


      Source: PANews
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud