Press Release
Sunrise Lists Dominion’s Vaulted-Silver Token SILV on Solana
Sunrise, the day-one asset gateway for Solana built by Wormhole Labs, has launched SILV, a token issued by Dominion Market LLC, with each SILV token being backed by physical silver held in allocated, segregated vault storage.
SILV is issued natively on Solana and goes live with canonical, liquid markets across major Solana trading terminals, DEXs, and wallets.
SILV, Allocated and Segregated in the Vault
Each SILV is backed by physical silver. The silver backing SILV is held on an allocated and segregated basis in professional institutional vault storage and is subject to independent third-party audit. Dominion states that its silver reserves are verified by independent third-party audit, most recently conducted by Bureau Veritas in June 2026.
SILV Markets Everywhere Solana Users Already Trade
SILV is now tradable across major Solana trading terminals, DEXs, and wallets from launch. Historically, new assets accumulate venues and depth over weeks, with liquidity concentrated wherever the first market happened to form.
Sunrise orchestrates that formation ahead of the listing so the markets are liquid and tradable upon go-live.
SILV is available in Solana wallets including but not limited to Backpack, Phantom, and Solflare, and trades natively on Solana and transfers the way any other Solana asset does.
Metal in the Vault, Token on Solana
Owning physical silver in small quantities is mostly a logistics problem. An ounce has to be sourced and delivered, kept somewhere it will not be lost or damaged, and shipped again to move it anywhere; selling part of a holding means finding a buyer for specific pieces. SILV leaves the metal in allocated vault storage and puts the token on Solana, where transfer and settlement work as they do for anything else onchain.
“Silver has been traded for thousands of years, but buying a single ounce still means finding a dealer, paying to ship it, and paying someone else to store it. Sunrise enables issuers to bring assets like physical silver onchain without this friction, while enabling liquidity from day one of trading.” — Saeed Badreg, CEO, Wormhole Labs
“Silver has been money for thousands of years, but on-chain it barely exists. Dominion fixes that. Every SILV token is one ounce of real, audited silver you can trade, lend, and borrow against on Solana from day one. We are bringing the oldest hard asset into the most active on-chain economy.” — Mark Tormey, Founder, Dominion
About Sunrise
Sunrise is the day one asset gateway of Solana. Sunrise enables new onchain assets—crypto, stocks, commodities, and more—to list on Solana with liquidity on day one, giving users and builders immediate access to live, tradable markets. Sunrise is made by Wormhole Labs.
About Dominion
Dominion brings physical silver onchain. Each SILV token is backed one to one by an ounce of physical silver held in allocated, independently audited vault storage, issued on Solana with transparent reserves and full DeFi composability from day one. The token is issued by Dominion Market LLC, established under Próspera. Dominion contact: mark@dominion.market.
About Wormhole Labs
Wormhole Labs is a technology company that specializes in building products, tools, and reference implementations to expand the cross-chain ecosystem. They are committed to open-source development and laying down the paths for a connected decentralized world.
Contact
Email: contact@sunrise.xyz
Twitter / X: @sunrise