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Dominion Market launches SILV, a Solana-based silver token backed by physical silver in Texas vaults

Protocol Fundamentals
13 Aug 2026
Crypto Briefing
View Source
Bullish
Dominion Market launches SILV, a Solana-based silver token backed by physical silver in Texas vaults

Dominion Market has introduced SILV, a new token on the Solana blockchain where each token represents one troy ounce of physical silver stored in an LBMA-standard vault in Texas. SILV tokens are already trading on major Solana decentralized exchanges, priced around $64.63 each, and come with a 1.5% minting fee. Unlike pooled silver reserves, each token corresponds to specific allocated silver bars, verified by independent audits. Physical redemption of silver bars is expected within three to six months, allowing holders to exchange tokens for actual silver. This launch aims to fill a gap in the tokenized silver market, which is much smaller than tokenized gold, despite strong industrial and investment demand for silver.

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