iShares Silver Trust Tokenised ETF (xStock) PriceSLVX

What is iShares Silver Trust Tokenised ETF (xStock) (SLVX)?

iShares Silver Trust Tokenised ETF (xStock) (SLVX) is a tokenised tracker certificate issued as a freely transferable digital token on selected blockchain networks. It provides economic exposure to the iShares Silver Trust, a commodity exchange-traded fund that holds silver bullion. The underlying fund is a grantor trust designed to offer investors a simple and cost-effective method to gain exposure to the silver market without directly holding physical silver. SLVX is issued by Backed Assets (JE) Limited and is accessible to non-US users. The token is available on multiple blockchain platforms, including Solana, Ethereum, Arbitrum, BNB Chain, Mantle, and Ink, using various token standards such as ERC-20 with rebasing logic, SPL Token-2022, and jettons. The total supply of SLVX is approximately 1,067,995 tokens, while the circulating supply figures vary across data sources, generally reported in the range of 21,700 to 22,000 tokens. The product represents a legal claim to the value of the underlying stock and operates as a tracker certificate within the broader category of tokenised assets.

Key Specifications & Tokenomics

• Name: iShares Silver Trust Tokenised ETF (xStock)
• Ticker / Symbol: SLVX (also written as SLVx)
• CMC ID: 39704
• Product Type: Tokenised tracker certificate
• Issuer: Backed Assets (JE) Limited
• Underlying Asset: iShares Silver Trust (commodity ETF holding silver)
• Blockchains / Platforms: Solana, Ethereum, Arbitrum, BNB Chain, Mantle, Ink, Toncoin ecosystem
• Token Standards: ERC-20 with rebasing logic, SPL Token-2022, jettons
• Ethereum Token Contract: 0x4833e7f4f0460f4b72a3a5879a6c9841bcc5b58b
• Total Supply: 1,067,995 SLVX
• Circulating Supply: Approximately 21,741 SLVX
• Max Supply: Not applicable
• Onchain Market Cap: $7,973,223.55
• Circulating Supply Market Cap: $1,260,261.00
• Category: DeFi, Tokenised Stock, Tokenised Assets

Who created iShares Silver Trust Tokenised ETF (xStock)?

The tokenised product is issued by Backed Assets (JE) Limited, the entity responsible for creating and managing the SLVX token. The underlying asset, the iShares Silver Trust, is a well-established commodity exchange-traded fund. Detailed public information about the specific individuals or founding team behind the tokenisation platform is currently limited. The issuer operates within the regulatory framework applicable to tokenised securities, with restrictions prohibiting access for US citizens, US residents, and anyone taxable in the United States.

How does iShares Silver Trust Tokenised ETF (xStock) work?

SLVX functions as a tokenised tracker certificate that mirrors the economic performance of the iShares Silver Trust. The underlying fund seeks to track the price performance of silver bullion by holding physical silver. The tokenised product is issued natively on multiple blockchains using different technical standards. On Ethereum, Arbitrum, BNB Chain, Mantle, and Ink, SLVX is issued as ERC-20 tokens with rebasing logic. On Solana, it uses the SPL Token-2022 standard. On other networks such as the Toncoin ecosystem, it is issued as jettons. The rebasing mechanism adjusts token balances to reflect changes in the underlying asset value, ensuring that holders maintain proportional economic exposure. The token provides a legal claim to the value of the underlying stock and is designed for non-US users seeking exposure to silver through blockchain-based assets. The underlying ETF is not actively managed and does not engage in activities designed to obtain profit from or ameliorate losses caused by changes in the price of silver.

What makes iShares Silver Trust Tokenised ETF (xStock) unique and valuable?

SLVX offers a distinctive combination of traditional commodity exposure and blockchain-based accessibility. The underlying iShares Silver Trust is described as the world's largest physical silver exchange-traded fund, providing an established and liquid market for silver exposure. By tokenising this exposure, SLVX enables non-US investors to access the silver market through digital tokens that can be transferred freely on selected blockchains. The multi-chain issuance strategy, spanning Ethereum, Solana, Arbitrum, BNB Chain, Mantle, Ink, and the Toncoin ecosystem, enhances accessibility and interoperability. The product provides a legal claim to the value of the underlying stock, distinguishing it from synthetic or derivative-based crypto assets. Additionally, the rebasing logic on EVM-compatible chains ensures that token holders' economic exposure remains aligned with the underlying fund's performance. The tokenised structure also offers potential advantages in terms of transferability and integration with decentralised finance applications, subject to regulatory restrictions.

What is iShares Silver Trust Tokenised ETF (xStock) used for?

SLVX is primarily used to gain economic exposure to the iShares Silver Trust and, by extension, the price performance of silver bullion. The token allows non-US investors to participate in the silver market through blockchain-based assets without directly holding physical silver or traditional ETF shares. It can be transferred freely on supported blockchain networks, enabling peer-to-peer transactions and potential integration with decentralised finance platforms. The token provides a legal claim to the value of the underlying stock, making it a tool for portfolio diversification and commodity exposure within a digital asset framework. Trading activity occurs across multiple venues, with the token available on various price tracking platforms and trading markets. The product is designed for investors seeking a tokenised representation of a traditional commodity ETF, with the added benefits of blockchain-based transferability and accessibility.

How Is the iShares Silver Trust Tokenised ETF (xStock) ecosystem developing?

The SLVX ecosystem is developing within the broader context of tokenised real-world assets and tokenised stocks. The product is issued on multiple blockchain networks, reflecting an expanding multi-chain strategy that includes Ethereum, Solana, Arbitrum, BNB Chain, Mantle, Ink, and the Toncoin ecosystem. This multi-chain presence suggests ongoing efforts to enhance accessibility and interoperability across different blockchain communities. The token is tracked by various data aggregators and price platforms, indicating growing visibility within the cryptocurrency market. Related tokenised products, such as the iShares Silver Trust (Ondo Tokenised) and iShares Silver Trust rStock, demonstrate a broader trend of tokenising traditional financial instruments. The ecosystem benefits from the established reputation of the iShares Silver Trust as the world's largest physical silver ETF, which provides a foundation of credibility and liquidity. As the tokenised asset sector continues to evolve, SLVX is positioned within the intersection of traditional commodities and blockchain technology, with ongoing developments likely focused on expanding blockchain support and market accessibility.

How to mine iShares Silver Trust Tokenised ETF (xStock)?

SLVX is not a mineable cryptocurrency. It is a tokenised tracker certificate issued as a digital token on selected blockchains, and its creation is not based on proof-of-work mining or similar consensus mechanisms. The token is issued by Backed Assets (JE) Limited and represents economic exposure to the underlying iShares Silver Trust. There is no mining process, staking mechanism, or validator participation associated with SLVX itself. Token holders do not participate in network consensus or block production. The token's value is derived from the performance of the underlying silver ETF rather than from mining rewards or staking yields. Acquisition of SLVX occurs through trading on supported venues rather than through mining activities. The product operates as a tracker certificate, and its supply is managed by the issuer rather than generated through computational processes.

How to keep your iShares Silver Trust Tokenised ETF (xStock) Coin safe?

Keeping SLVX tokens safe requires adherence to standard cryptocurrency security practices. Since SLVX is issued on multiple blockchains, including Ethereum and Solana, holders should use compatible wallets that support the relevant token standards, such as ERC-20 and SPL Token-2022. Hardware wallets provide enhanced security by storing private keys offline, reducing the risk of unauthorised access. Software wallets should be obtained from reputable sources and kept updated with the latest security patches. Users should never share their private keys or seed phrases with anyone, as doing so grants full control over their tokens. When interacting with decentralised applications or smart contracts, users should verify contract addresses and ensure they are interacting with legitimate platforms. Given the regulatory restrictions, US persons are prohibited from accessing the product, and non-US users should ensure compliance with local regulations. Regular backups of wallet information and cautious behaviour regarding phishing attempts and suspicious links are essential for protecting SLVX holdings.