One token. One ounce. On-chain.
SILV is a digital token backed one-to-one by physical silver. Each SILV represents one troy ounce of silver held in professional vault storage. SILV is issued on Solana, pegged to the price of silver, and composable across decentralized finance from day one, usable in trading, lending, borrowing, and liquidity provision across the Solana ecosystem.
This paper sets out what SILV is, how it is backed, how it works on Solana, how it can be used, and how it can be redeemed.
Physical silver, made liquid.
SILV brings physical silver on-chain as a single, simple, fully-backed token.
- One token, one ounce. Each SILV is backed by one troy ounce of physical silver.
- Pegged to silver. The value of SILV tracks the spot price of silver.
- Built on Solana. SILV is a Solana token with fast settlement, low fees, and deep liquidity.
- Composable from day one. SILV works across the Solana DeFi ecosystem the moment it launches.
The goal is simple: make owning and using silver as easy as holding any other token in a Solana wallet, while keeping real physical metal behind every unit.
Money and a critical industrial metal.
Silver is one of the oldest forms of money and one of the most important industrial metals in the world. Roughly half of all silver demand comes from industry, including solar panels, electric vehicles, semiconductors, electronics, and medical applications, giving it a demand base that does not depend on sentiment alone. The other half is monetary: silver has been a store of value for thousands of years.
Despite this, silver has been hard to hold and use. Coins and bars are bulky and illiquid. Vaulted accounts are slow and closed. Existing digital silver products are limited and rarely composable with modern financial infrastructure.
Tokenized gold has grown into a multi-billion-dollar on-chain market. Tokenized silver remains a fraction of that, despite silver's comparable monetary history and larger industrial role. SILV exists to close that gap with a properly-backed, properly-composable silver token.
Simple to understand, simple to use.
The supply of SILV is matched by the silver behind it. Tokens are minted against metal in reserve, never ahead of it.
Backed means backed.
SILV is backed by real, physical silver. The metal behind SILV is held in professional vault storage and verified through independent reserve attestation, so that the backing can be confirmed rather than simply trusted. On-chain reserve attestation will be published at mainnet launch.
Dominion uses the word backed in its strict sense: physical silver exists in the vault for the SILV in circulation, and reserve attestation will be published on-chain at launch so that anyone can verify the backing ratio.
The supply of SILV and the inventory of silver move together. SILV is minted against confirmed reserves, and the backing will be published on-chain for anyone to verify from launch.
Holding SILV gives you economic exposure to one ounce of silver per token. It does not grant legal title to, or ownership of, any specific bar or individually identified ounce of silver. SILV is a claim on silver value backed by reserves held by the protocol, not a registered ownership certificate for a particular piece of metal.
Composable across DeFi, from day one.
SILV is issued on Solana, chosen for its speed, low transaction costs, and deep decentralized-finance ecosystem. Because SILV is a standard Solana token, it works with the rest of the Solana DeFi stack immediately.
From launch, SILV can be used to:
- Trade. Buy and sell SILV against USDC and other assets on Solana decentralized exchanges.
- Provide liquidity. Supply SILV to liquidity pools and earn a share of trading fees.
- Lend & borrow. Use SILV as collateral to borrow against, or supply it to lending markets to earn.
- Build. Integrate SILV into structured products, vaults, and other on-chain strategies.
This composability is intentional. SILV is not a closed product. It is silver that plugs directly into open financial infrastructure, so holders can put their silver to work without giving up exposure to the metal.
Always connected to real value.
SILV is designed to be redeemable, so that the token always connects back to real value.
- Short term: cash redemption. At launch, SILV can be redeemed for its cash value at the prevailing silver price. Holders can exit their position and receive value back in stablecoin.
- Long term: physical redemption. Physical silver redemption is planned to be enabled within three to six months of launch. Once live, eligible holders will be able to redeem SILV for delivery of physical silver, subject to minimum quantities and the applicable redemption process.
Until physical redemption is enabled, redemption is available in cash form only. The transition to physical redemption will be communicated clearly to the community ahead of launch.
Five minutes to your first SILV.
- Get a Solana wallet. Install a Solana-compatible wallet such as Phantom, Backpack, or Solflare.
- Fund it. Add USDC for purchases and a small amount of SOL for transaction fees.
- Acquire SILV. Swap USDC for SILV on a supported Solana decentralized exchange.
- Use it. Hold SILV for silver exposure, or deploy it across DeFi to provide liquidity, lend, borrow, or earn.
Where SILV is going.
- Launch. SILV goes live on Solana, backed 1:1 by physical silver, with on-chain reserve attestation.
- DeFi integrations. Expand SILV's reach across decentralized exchanges, lending markets, and liquidity venues.
- Physical redemption. Enable redemption of SILV for physical silver within three to six months of launch.
- Scale reserves. Grow the physical silver backing SILV in line with demand.
This whitepaper is for information only. It is not an offer, solicitation, or recommendation to buy or sell any token or asset, and it is not financial, investment, tax, or legal advice. SILV provides economic exposure to the price of silver and does not confer legal title to any specific physical silver. Digital assets carry risk, including the risk of loss. Redemption features, timelines, and product details are indicative and may change. Prospective holders should conduct their own research and consider their own circumstances before acquiring or using SILV.
SILV is not offered for direct public minting to persons in the United States, United Kingdom, European Union and EEA, or Canada. See our Restricted Jurisdictions Policy.