iShares Silver Trust (Ondo Tokenized Stock)

SLVON is a tokenized representation of the iShares Silver Trust (SLV), an exchange-traded fund that tracks the price of silver, issued on-chain by Ondo Finance. It is designed to give non-US retail and institutional users economic exposure similar to holding SLV shares, including the reinvestment of any dividends. It addresses the problem of geographic and time-zone barriers that can limit access to US-listed ETFs, allowing eligible users outside the United States to mint and redeem the token around the clock on weekdays.

SLVON exists across multiple blockchain ecosystems simultaneously, including Ethereum, Solana, BNB Chain, and HyperEVM, meaning the token can be held and transferred on any of those networks. When an eligible user mints SLVON, Ondo acquires the corresponding SLV shares through traditional exchange infrastructure, and redemption reverses that process, connecting the on-chain token to off-chain ETF liquidity. No consensus algorithm is specific to this token itself, as it relies on the underlying blockchains it is deployed on rather than operating its own network.

The data provided does not include a fee stream, revenue figures, or protocol earnings for SLVON, so this site has no fee-based measures to report for this asset. The token's circulating supply at the point-in-time measurement stands at approximately 431,807 tokens against a market capitalization of 26,134,769 USD and a price of 60.53 USD, with a fully diluted valuation-to-market-cap ratio of 1.0, meaning all tokens that can exist are already reflected in the market cap figure. Any costs borne by users, such as minting or redemption fees charged by Ondo, are not captured in the data stored here.