Owning SLVON: Uses, Storage and Risks

SLVON is Ondo’s tokenized version of the iShares Silver Trust (SLV). It is designed to give you economic exposure similar to holding SLV, including reinvestment of any dividends if applicable. That is different from owning silver bullion directly, and holding the token should not be assumed to give you the same rights as an SLV shareholder.

Ondo describes its tokenized stocks and ETFs as available for minting and redemption 24 hours a day, five days a week, with access to traditional exchange liquidity. Additional restrictions apply, so check Ondo’s current eligibility rules and product terms before relying on those features. The token is intended for non-US retail and institutional users, but that does not mean every person or jurisdiction can use it.

Treat SLVON as a tokenized financial product, not as a stablecoin or a claim you can redeem for physical silver. Its value can move with the underlying trust and silver market, as well as with token-market liquidity and the way the product tracks SLV.

SLVON is issued on Ethereum, BNB Chain, Hyperliquid L1 and Solana. It is not described as the native token of any of these networks. To hold it yourself, you need a wallet that supports the specific network and token standard used for your SLVON; confirm compatibility before sending funds. A token displayed under the same name on another network may not be the asset you intend to hold.

The token’s contract addresses and supported wallet list are not specified here. Verify the contract through Ondo’s official channels, and check the selected network in both your wallet and the receiving platform. Never rely on a token name or ticker alone. Sending it to an incompatible address or using the wrong network can make recovery difficult or impossible.

Ondo describes minting and redemption as available five days a week around the clock, subject to restrictions. Do not assume that direct transfers, wallet storage, or redemption are available to you simply because your wallet can display the token. Check the product terms and eligibility requirements first.

As of November 8, 2026, SLVON’s circulating and total supply were both about 415,081 tokens. No maximum supply is listed. These are changing figures, not a fixed cap, so check a current token record before using them for a transaction or valuation.

The token’s price was about $46.93 on that date, with a market capitalization of about $19.5 million. Those figures can change quickly and do not guarantee that you can sell at the quoted price. Trading volume, available venues, market depth and your access to a particular exchange can all affect the price you actually receive.

Supply figures alone do not tell you how many tokens can be minted or redeemed, what supports each token, or whether you personally qualify for redemption. For those questions, read Ondo’s current product terms and confirm any applicable restrictions before acquiring or transferring SLVON.

For self-custody, use a wallet you control, protect its recovery phrase offline, and never share it with anyone claiming to help with a transfer or redemption. Check the receiving address and network carefully, and consider a small test transfer when appropriate. If you leave tokens with a platform, understand that you also rely on that platform’s account security, custody and withdrawal policies.

SLVON has several distinct risks. Its value can fall as the silver market or SLV changes; token trading may not track the underlying trust perfectly, especially when liquidity is thin or markets are closed. You also rely on Ondo’s product arrangements and the relevant custodians and service providers. Smart-contract faults, compromised keys, chain outages, transaction errors and changing legal or eligibility rules can create additional risks.

Before holding it, check the current terms for fees, redemption conditions, rights and restrictions; these details are not specified here. Do not treat tokenization as a guarantee of access to the underlying ETF or its assets.