iShares Silver Trust (Ondo Tokenized Stock)

SLVON Price

About iShares Silver Trust (Ondo Tokenized Stock) (SLVon)

iShares Silver Trust (Ondo Tokenized Stock) is a digital asset that provides investors with on-chain economic exposure to the iShares Silver Trust (SLV) exchange-traded fund.

• The token enables non-US retail and institutional users to mint and redeem tokenized U.S. ETFs 24 hours a day, five days a week.
• Holders of SLVon receive economic benefits similar to holding the underlying SLV shares, including the reinvestment of dividends.
• The asset is issued by Ondo Global Markets (BVI) Limited and integrates traditional exchange liquidity with blockchain technology.

What Is iShares Silver Trust (Ondo Tokenized Stock)

iShares Silver Trust (Ondo Tokenized Stock) is a Real World Assets (RWA) product designed to bridge traditional financial markets with decentralized finance. Its primary value proposition is providing global, permissioned access to tokenized traditional securities, allowing users outside the United States to interact with U.S.-listed assets without the constraints of traditional brokerage hours.

Value moves through the system via a minting and redemption process. Users mint tokens by depositing funds, which the issuer uses to acquire the underlying SLV shares held in regulated custody. Redemptions involve burning the tokens, with the value of the underlying asset returned to the user. This mechanism ensures that the token accurately reflects the economic value of the silver ETF. As an application utility token, SLVon allows for synthetic exposure to silver prices and ETF performance, scaling as the Ondo Tokenized Assets ecosystem expands across more blockchain networks and asset classes.

What Makes iShares Silver Trust (Ondo Tokenized Stock) Unique

• 24/5 Availability: Unlike traditional stock exchanges that operate on fixed schedules, the tokenization process allows for nearly continuous minting and redemption, matching the operational flexibility of global digital markets.
• Fractional Ownership: The platform enables fractional exposure to the underlying silver ETF, significantly lowering the capital requirements for individual and institutional investors compared to traditional share purchases.
• Multi-Chain Accessibility: SLVon is deployed across multiple blockchain environments, including Ethereum, Solana, and HyperEVM, which facilitates broad liquidity and cross-chain interoperability for tokenized securities.

What Can You Use iShares Silver Trust (Ondo Tokenized Stock) for?

SLVon is pegged to the iShares Silver Trust (SLV). Drawing on the provided source material, the token supports the following use cases:

1. Value retention: SLVon allows users to hold a digital, on-chain representation of iShares Silver Trust (SLV), providing a mechanism to maintain exposure to silver prices while potentially reducing direct exposure to crypto-market volatility.
2. Yield generation: The source specifies that tokenholders receive economic exposure similar to holding SLV, which includes the reinvestment of any dividends. The source does not specify other native yield options or sovereign debt instruments for this specific token.
3. Cross-border settlement / value transfer: The token facilitates the global transfer of silver-pegged value, enabling international remittances or trade settlement with the efficiency of blockchain technology.
4. Collateralization: SLVon can be used as backing for borrowing and lending protocols within the supported blockchain ecosystems, though specific protocol integrations depend on third-party platform support.

How Does iShares Silver Trust (Ondo Tokenized Stock) Work?

The technical mechanism of SLVon relies on a 1:1 backing by the underlying iShares Silver Trust shares. Ondo Global Markets (BVI) Limited manages the brokerage accounts and custody arrangements required to hold the physical ETF shares. The token itself is a standard digital asset (such as an ERC-20 token on Ethereum) that represents a legal claim to the economic value of those shares.

Transactions involving SLVon are subject to protocol service fees rather than network gas, although users must still pay the native gas fees of the underlying blockchain to process on-chain transactions. This structure ensures that the token remains synchronized with the traditional market value of SLV while benefiting from the transparency and speed of blockchain-based settlement.

Team Info and Investors

The project is developed by Ondo Finance, a protocol led by founder and CEO Nathan Allman. Ondo Global Markets (BVI) Limited serves as the specialized issuer for the Global Markets product line. Ondo Finance has received significant backing from prominent venture capital firms, including Founders Fund, Pantera Capital, Coinbase Ventures, and Tiger Global, which supports its mission to integrate traditional financial instruments into the blockchain ecosystem.

Where can you buy iShares Silver Trust (Ondo Tokenized Stock)?

SLVON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade iShares Silver Trust (Ondo Tokenized Stock) is Ondo Stocks, where the most active trading pair SLVON/USDON has a trading volume of $489,590.72 in the last 24 hours. Other popular options include LBank and Gate.

What is the daily trading volume of iShares Silver Trust (Ondo Tokenized Stock) (SLVON)?

The trading volume of iShares Silver Trust (Ondo Tokenized Stock) (SLVON) is $2,969,844.55 in the last 24 hours, representing a 28.40% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for iShares Silver Trust (Ondo Tokenized Stock) (SLVON)?

iShares Silver Trust (Ondo Tokenized Stock) (SLVON) reached an all-time high of $109.63 and an all-time low of $36.16. It’s now trading -51.60% below that peak and 46.80% above its lowest price.

What is the market cap of iShares Silver Trust (Ondo Tokenized Stock) (SLVON)?

Market capitalization of iShares Silver Trust (Ondo Tokenized Stock) (SLVON) is $23,136,588 and is ranked #729 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SLVON tokens (440 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of iShares Silver Trust (Ondo Tokenized Stock) (SLVON)?

The fully diluted valuation (FDV) of iShares Silver Trust (Ondo Tokenized Stock) (SLVON) is $23,136,588. This is a statistical representation of the maximum market cap, assuming total number of 440 Thousand ETH tokens are in circulation today.

How does the price performance of iShares Silver Trust (Ondo Tokenized Stock) compare against its peers?

With a price increase of 1.80% in the last 7 days, iShares Silver Trust (Ondo Tokenized Stock) (SLVON) is outperforming the global cryptocurrency market which is down -0.40%, while underperforming when compared to similar Ethereum Ecosystem cryptocurrencies which are up 12.70%.

How to add iShares Silver Trust (Ondo Tokenized Stock) (SLVON) to MetaMask?

Adding iShares Silver Trust (Ondo Tokenized Stock) (SLVON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SLVON as a token. You can copy SLVON’s contract address (0xf3e4872e6a4cf365888d93b6146a2baa7348f1a4) and import it manually, or if you've installed MetaMask's chrome extension, add SLVON to MetaMask with one click on CoinGecko.

Add SLVON to MetaMask.