iShares Silver Trust (Ondo Tokenized Stock) (SLVON)

Rank #748

iShares Silver Trust (Ondo Tokenized Stock), with the token SLVON, is a tokenized version that seeks to offer holders an economic exposure similar to holding SLV. The model also considers dividend reinvestment, connecting the performance of the tokenized asset to the trust’s benchmark.

How SLVON relates to iShares Silver Trust

SLVON represents the tokenization of iShares Silver Trust through Ondo’s approach. In practice, those who hold SLVON tend to maintain an economic exposure analogous to holding SLV.

In addition, its operation involves reinvesting dividends, aligning the token’s behavior with the mechanism of the trust’s reference asset.

What it is for: access and liquidity in tokenized format

Ondo’s tokenized stocks and ETFs are intended to allow participants outside the United States, as well as institutional users, to mint and redeem tokenized assets. Operations take place 24 hours a day, five days a week.

The process seeks to offer access to traditional exchange liquidity, with additional applicable caveats and restrictions.

Use in the RWA ecosystem and tokenized ETPs

Within the universe of Real World Assets (RWA), SLVON fits as a tokenized product with a proposal similar to an Exchange-Traded Product (ETP). This reinforces the link between crypto infrastructure and exposure to traditional financial assets.

For details on global markets and the conditions of use, the indicated reference is ondo.finance/global-markets.