Bureau Veritas is a world-leading inspection and testing organization for the commodities industry. The Bureau provides services across oil, gas, petrochemicals, metals, minerals, agri-commodities and fertilizers. The Bureau provides an annual independent audit of our silver holdings.
For money to hold value, it needs to be linked to a time-tested asset like silver. SilverToken makes ownership of physical silver easy, private, and efficient. SilverToken represents physical silver kept in 12 private vaults in politically stable countries, insured by Lloyd’s of London.
We guarantee instant buybacks of your SilverTokens at the spot price of silver.
SilverToken is based on the Ethereum blockchain, the most trusted and secure decentralized digital asset platform in the world. Ethereum is used by major banks and corporations like JP Morgan, Banco Santander, Samsung, Mastercard, and Microsoft.
Ethereum maintains a secure, tamper-proof record of your silver ownership and makes it easy and fast to buy, sell, and transact using SilverToken.
Because SilverTokens represent physical silver in our vaults, we will buy them back for the spot price of silver at any time.
The total value of all SilverTokens in circulation can be calculated by multiplying:
Sum of SLVT currently in the smart contract
The current price of silver
Independent auditors ensure that the amount of silver in our vaults always exceeds the value of all circulating SilverTokens.