# Dominion

> Dominion is the protocol layer for tokenized silver. SILV is a digital token on Solana, backed 1:1 by physical silver held in secure US & Canadian vault custody. Every token is fully redeemable for the physical metal behind it. Currently in pre-launch - public waitlist open at https://dominion.market.

## About

CMB Consulting FCZO is building infrastructure to bring physical silver on-chain. The company's token, SILV, runs on the Solana blockchain and is backed one-to-one by real physical silver stored in secure US & Canadian vault custody. Every SILV token is fully redeemable for the underlying silver.

Unlike traditional silver ownership, which sits idle in a vault, SILV is composable across DeFi. It can be traded 24/7, used as collateral, and deployed into approved on-chain liquidity venues to earn variable fees. Real silver, real utility.

Tagline: "Hard Assets. Modern Rails."

## Status (April 2026)

Dominion is currently in **pre-launch**. The public website (https://dominion.market) collects waitlist signups via email. Pilot launch is targeted for end of April / May 2026 with a $50K Silver Vault, scaling to $100K post-pilot and a $2.4M Raze credit vault facility in Q3 2026.

## How It Works

1. Users deposit fiat or crypto to mint SILV tokens
2. Dominion purchases an equivalent amount of physical silver
3. Silver is stored in secure US & Canadian vault custody under a bankruptcy-remote SPV structure
4. SILV tokens (Token-2022 standard) are minted on Solana and delivered to the user's wallet
5. Chainlink Proof of Reserve provides continuous on-chain attestation of physical backing
6. At launch, users can exit in cash at silver spot; physical redemption for the underlying silver (minimum 1000 oz) opens within 3-6 months of launch

## Revenue Model

The protocol generates revenue through several independent streams:
- **LP trading fees** - 0.30% fee tier on SILV/USDC DLMM pool, managed by HawkFi on Meteora
- **Mint fee** - 1.5% when SILV is issued
- **Redemption fees** - on burns for physical metal
- **Arbitrage capture** - Protocol-owned arb bot defending the peg

A portion of net protocol profits is reinvested into purchasing additional physical silver, growing the vault and the backing for all token holders. The underlying physical silver is never lent out - any yield comes from on-chain market activity only.

## Yield Mechanism

Where supported, SILV can be deployed into approved on-chain liquidity venues to earn variable fees, paid in additional SILV tokens. Yield is variable and not guaranteed. It comes from on-chain market activity, not from lending out the underlying physical silver.

## Pricing

SILV is priced 1:1 to the silver spot price (XAG/USD), with no spread and a single 1.5% mint fee. This covers vaulting, insurance, and custody - making it cheaper than buying physical silver at retail, which typically costs 25-40%+ above spot when you factor in dealer premiums, shipping, storage, insurance, and taxes.

## Market Opportunity

- Tokenized gold market: ~$6 billion (led by Paxos PAXG and Tether XAUT)
- Tokenized silver market: ~$350 million with one primary competitor (Kinesis KAG)
- Silver at all-time highs with a 4-year structural supply deficit
- Demand driven by solar panels, electric vehicles, AI infrastructure, and electronics
- Total tokenized RWA market projected to reach $16 trillion+ by 2030 (BCG, Ripple, McKinsey)

## Team

- **Mark Tormey** - CEO & Founder. Background in capital markets and commodities. Previously lead at SwissBorg.
- **Francis Boulle** - Director, AfricaGold Inc. Entrepreneur, mining industry background.
- **Alex Kalen** - CTO. Founder of Mithril Money. DeFi and blockchain development.
- **Audrey Nesbitt** - Marketing and communications.
- **Rob Polito** - Founder. Capital markets and corporate finance.

## Board of Advisors

- **Thomas Blanc** - Advisor.
- **Jonas Ashrell** - Advisor. Technology and product development.

## Partner Integration Stack

- **Hadron** - Token-2022 issuance, KYC/AML compliance, geo-blocking enforcement
- **HawkFi** - SILV/USDC DLMM pool management on Meteora, swapless auto-rebalancing, 2-of-3 Squads multisig
- **Pyth Network** - XAG/USD oracle securing the mint contract
- **Chainlink** - Proof of Reserve, continuous on-chain attestation of vault holdings
- **Brink's** - Physical silver custody (US & Canada), bankruptcy-remote SPV
- **OtterSec** - Smart contract audit (mandatory pre-mainnet)
- **Meteora** - DLMM liquidity infrastructure
- **TokInvest VARA** - SILV-y yield token distribution wrapper

## Token Details

- Token name: SILV
- Token standard: Token-2022 on Solana
- Backing: 1:1 physical silver
- Vault: Brink's (US & Canada)
- Redeemable: cash at launch; physical silver within 3-6 months of launch (minimum 1000 oz, 5% redemption fee)
- Pricing: 1:1 to spot silver, no spread, 1.5% mint fee
- Yield: variable and not guaranteed, earned from approved on-chain liquidity venues
- Pool fee tier: 0.30% (vs 0.25% for GOLD/USDC benchmark)

## Company Details

- Legal name: CMB Consulting FCZO
- Website: https://dominion.market
- Tagline: Hard Assets. Modern Rails.
- Contact: Mark@Dominion.Market

## Links

- Website: https://dominion.market
- Twitter/X: https://x.com/Dominion_Market
- Contact email: Mark@Dominion.Market