$SLVUSDT.P (4/6)
So far, we’ve gotten familiar with silver in the traditional stock market 🤌🏻
Now the big question: how did SLV, or silver, enter the crypto world and Soroush Exchange? 🤔
This is where Ondo Finance comes in 😎
🟤 A crypto project that brings real-world assets (RWA) like US Treasuries, ETFs, and funds onto the blockchain.
In reality, it acts as a bridge between traditional finance and crypto.
❓ What does Ondo do?
🔸 It buys real and legally recognized assets
🔸 Then issues a tokenized version of them on the blockchain
‼️ The key point here is that Ondo doesn’t just put a name on a token;
it actually holds the real assets equivalent to the tokens issued 🤌🏻
🟤 For example, when Ondo says it has issued 1,000 tokenized units of “Silver ETF”,
it means it has truly purchased 1,000 units of the iShares Silver ETF (SLV).
🟤 This token is essentially an economic representation of the iShares Silver Trust (iShares Silver ETF).
#ishares #slv #slvusdt #silver #ethan #ondo #etf #sorooshx
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