Silver rStockSLVr
SLVr, issued by Step Labs LLC, is a digital token providing tokenized economic exposure to silver, priced against the LBMA Silver Price and marketed as backed 1:1 by the underlying held through a regulated custodian. SLVr tracks the performance of silver as referenced by the LBMA Silver Price, allowing holders to interact with real-world price performance directly onchain. The token is marketed as backed 1:1 by the underlying held through Alpaca Securities LLC as custodian. The onchain price may diverge from the traditional exchange price, with arbitrage helping realign prices. The issuer markets no commissions on trades. Step Labs LLC is registered in the Cook Islands (Company Number LLC15405/2024), trading as Remora Markets, with Terms of Use governed by the laws of the Cook Islands. The issuer states it is in the process of seeking regulatory authorization and licensing. Tokens are not themselves stocks and do not grant ownership or rights to underlying assets. Remora does not market or offer or solicit in the USA or in any other sanctioned or prohibited jurisdiction, and identity verification is conducted via iDenfy UAB. Alpaca Securities LLC acts as Paying Agent Upon Realization Event. Tokens are issued as SPL tokens on Solana, marketed as fully composable across Solana DeFi. Remora operates as the minting and burning gateway similarly to stablecoins, with Alpaca Crypto LLC, a FINCEN-registered MSB (NMLS # 2160858), handling USDC to USD conversion. The issuer markets instant settlement. Wallet infrastructure is provided by Squads Labs.