iShares Silver Trust (Ondo Tokenized)

Name: iShares Silver Trust (Ondo Tokenized)
Brand: Cryptocurrency
SKU: SLVon
Price: 81.84 USD
Availability: InStock

SLVon

$81.84

$2.56(+3.13%)Today

Market cap

39.53M

Total volume (24h)

9.76M

Volume / Market cap

0.2468

Circulating supply

482.90K

Day range (24h)

$78.51$82.28

All-time low

$36.16

All-time high

$109.63

About SLVon

SLVon is Ondo Global Markets' tokenized version of iShares Silver Trust ETF (NYSE: SLV). It is backed 1:1 by real shares held with trusted US custodians. You can buy and sell SLVon 24/5, and use it 24/7 for DeFi liquidity, lending, and swaps on blockchain networks like Ethereum. SLVon allows global investors—from Asia and Europe to Latin America and Africa—to gain economic exposure to silver’s price performance and dividends.

The iShares Silver Trust (SLV) was launched in 2006 and is designed to track the price of silver bullion, offering investors a convenient way to gain exposure to the precious metals market without directly holding physical silver. Silver has long held importance as both an industrial and monetary asset, with key demand drivers including electronics, solar panels, electric vehicles, jewelry, and investment hedging. Its dual role as a commodity and store of value has solidified silver’s place in the global economy across centuries.

Ondo Global Markets launched SLVon tokenized commodity (live price ~$81.84), to bring silver exposure onto decentralized finance (DeFi) networks, enabling trading worldwide. Owners of SLVon can buy, sell, swap, trade, and store it directly on leading crypto wallets like MetaMask—ideal for investors outside the US.

SLVon offers several differences over traditional SLV exposure. As a tokenized asset on DeFi blockchains, SLVon unlocks functionalities like lending, collateral, and yield strategies that are not available in traditional financial (TradFi) institutions or brokerages.

Trading (buying and selling) of tokenized ETFs—also known as RWAs—is available 24/5, with 24/7 peer-to-peer transfers across DeFi. Fractional ownership starts under $1, and settlement is instant rather than the standard T+2 timeline. By holding SLVon, you can get global exposure to silver prices without needing brokerages, KYC, or residence in the US.

SLVon appeals to: crypto traders outside the US—including Asia, Africa, South America, and Europe; investors looking to capitalize on commodities, inflation hedges, and precious metals momentum from any timezone.

Price history

Today (February 25, 2026)	$81.84	+3.13%
24 hours ago (February 24, 2026)	$79.36	+3.13%
1 week ago (February 18, 2026)	$70.06	+16.82%
1 month ago (January 26, 2026)	$100.63	-18.68%
1 year ago (February 25, 2025)	$81.84	-

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SLVon is a tokenized real-world asset that represents fractional ownership of iShares Silver Trust (NASDAQ: SLV) shares. Each tokenized asset, aka Real World Asset (RWA), tracks the SLVon price directly through smart contracts. Ondo tokens are backed 1:1 with the underlying asset it represents, and you can sell them for this value.
Key features:
- Invest in RWAs from outside the US.
- No extra signups needed.
- 24/5 buying & selling: You can trade Ondo tokenized real-world assets Monday 08.00 ET through Friday 19.59 ET, 24 hours a day.
- 24/7 transferring: You can send SLVon peer-to-peer globally anytime.
- MetaMask native: You can trade tokenized real-world assets directly on MetaMask Mobile, just head to Swaps to get started.
- DeFi composability: Unlike the traditional real-world assets they represent, which are historically illiquid, tokenized real-world assets can be used across DeFi to lend, collateralize, and yield farm.