iShares Silver Trust xStockSLVx
iShares Silver Trust xStock (SLVx) is a token tracking silver, backed by dedicated collateral, issued by xStocks through Backed Assets (JE) Limited. Each token tracks one troy ounce of silver and is a collateral-backed contractual exposure rather than a direct claim on the issuer. The backing metal is held in vaults operated by Alpaca Securities LLC, InCore Bank AG, Maerki Baumann & Co. AG, and GTN Europe Financial Services Limited on a segregated basis. Retail investors, professional investors, and qualified investors can mint and redeem directly with xStocks after completing KYC, and holders have a contractual right to redeem for the metal's cash value, with two-to-five-business-day settlement. Backed Assets (JE) Limited is incorporated in Jersey, is offered under an SEC Regulation S exemption, is offered under an EU-approved prospectus, is structured under the Swiss DLT Act, is issued under Jersey Financial Services Commission consent, and is supervised by the Jersey Financial Services Commission and the Financial Market Authority Liechtenstein. Holder terms are governed by the law of Jersey. SLVx has been issued on public blockchains since January 2026 and is native to 10 networks, including Solana, Ethereum, HyperEVM, Ink, BNB Chain, and Arbitrum One.