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Tokenized Silver Volumes Surge as Metal's Price Reaches Record Highs
Source: CryptoNewsNet Original Title: Tokenized silver volumes explode as metal’s price rises to record Original Link: Interest in silver is spilling into tokenized markets, with onchain trading volumes rising in parallel with activity in futures and exchange-traded funds (ETFs) as the metal experiences volatility after hitting successive record highs all month.
Data from RWA.xyz shows the monthly transfer volume for its tokenized version of the iShares Silver Trust (SLV) has jumped more than 1,200% over the past 30 days, alongside a roughly 300% increase in holders and a near 40% rise in net asset value.
Tokenization involves representing real-world assets, such as private equity, real estate, commodities and more, as digital tokens on a blockchain. The process helps make the assets more easily tradable and divisible, opening up new possibilities for fractional ownership and liquidity.