Tokenized Silver on Solana: SILV Launches — One Ounce Per Token

What Happened

Dominion Market has launched SILV on Solana — via the Sunrise structure that recently carried the tokenized stocks. Each token represents one troy ounce of physical silver in allocated, segregated vault custody to LBMA standard in Texas. Trading runs around the clock, including via Raydium, Jupiter apps, and Phantom. The launch is flanked by a rewards campaign on Jupiter — a marketing promotion, not a product feature.

The Mechanics — and the Open Spot

• Allocated and segregated means: the silver is assigned to specific holdings and doesn’t sit in the custodian’s pooled stock — token holders aren’t standing in a general creditors’ line.
• Attestation: per the provider, holdings are to be externally verified (Bureau Veritas is named, with on-chain attestation).
• Physical redemption is not live yet: per the provider, redemption into physical silver is set to become possible only in three to six months. Until then, SILV is tradable but not deliverable — that is where the product has to prove itself.

The Context

After stocks (MSTR, TTWO, NBIS), funds (BAGEY), and credit (Hastra AUTO), SILV brings the first commodity class into Solana’s RWA series — physical metal instead of securities, with its own custody and delivery logic.

Note: This is reporting, not investment advice. Tokenized commodities may fall under securities or commodities rules depending on jurisdiction; the redemption feature is not yet active.

What to Watch

• Whether physical redemption actually starts within the announced window
• How the holdings attestations get published
• Whether more metals or commodities follow the pattern

Sources

• Solana — Post on X
• Dominion Market — dominion.market
• SOLANA·HUB news: NBIS tokenized · Hastra AUTO