Dominion Silver (SILV)
This file replaced an earlier version on 2026-10-16. Dominion has ceased operations. This file listed a cash redemption at spot less 1.5%, a promised physical redemption and a direct mint for some holders. Dominion now says all minting, redemption and product support has ended. The file keeps the earlier terms as history and records that no Dominion exit remains. The on-chain control facts are unchanged. Earlier versions.
Subscribers see which of their clients hold this program and whether each household qualifies under these terms, and Ketju emails them when the file changes. $299 per firm per month, first 30 days free.
The verdict is on the memo: Dominion Silver (SILV) Not approved
Eligibility
Each answer quotes the issuer’s own words from the document named under it. Ketju reads each document again and records whether the words are still there. Where the documents say nothing, the row states that.
- What the holder owns
Economic exposure to the silver price, with no title to any bar or ounce. Dominion has since ceased operations.
“It does not grant legal title to, or ownership of, any specific bar or individually identified ounce of silver.”
Dominion: SILV Whitepaper v1.0 (Wayback capture of 2026-09-11) · 04 / Backing & reserves, Important: what you hold · words found 2026-10-16
- What the holder owns
Dominion says it has ceased operations and SILV is no longer a supported product.
“SILV is no longer an actively supported Dominion product.”
Dominion: closure statement · Closure record, section 2 · words found 2026-10-16
- Who may hold it
Anyone could hold SILV on chain. Before it closed, Dominion did not sell SILV directly to persons in the United States, the UK, the EU and EEA, or Canada. All Dominion minting has since ended.
“SILV is not offered for direct public minting to persons in the United States, United Kingdom, European Union and EEA, or Canada.”
Dominion: SILV Whitepaper v1.0 (Wayback capture of 2026-09-11) · Disclaimer · words found 2026-10-16
- First purchase minimum
Dominion stated no minimum to mint or hold. Its earlier physical redemption minimum of 5,000 troy ounces no longer applies.
Not stated in Dominion: SILV Whitepaper v1.0 (Wayback capture of 2026-09-11), Dominion: closure statement.
- Who it may be transferred to
Freely, as a Solana token, unless Dominion freezes the account or moves the tokens with its permanent delegate. Ketju’s on-chain check on 2026-09-23 still showed those keys in place.
“A standard Solana token, held in any compatible wallet and sent like any other token”
Dominion: SILV Whitepaper v1.0 (Wayback capture of 2026-09-11) · 03 / How SILV works, Transferability · words found 2026-10-16
- How a holder redeems
No redemption: Dominion has ended its redemption service. Earlier it offered cash at spot less 1.5% and promised physical redemption.
“All Dominion-operated minting, redemption, and product support has ended.”
Dominion: closure statement · Closure record, section 2 · words found 2026-10-16
- How a holder redeems
Dominion says its refund programme completed for eligible participating pre-hack holders at $63 per SILV, and that this does not mean every holder was refunded or all liabilities settled.
“The refund programme completed for eligible participating pre-hack holders at $63 per SILV.”
Dominion: closure statement · Closure record, section 3 · words found 2026-10-16
| Fact | Answer |
|---|---|
| Who onboards the holder | issuer |
| Voting rights | None |
| Distributions | None |
| SIPC coverage of the wallet | No |
Who controls it
Ketju read these powers from the deployed contracts and their verified source code: the token and every contract it checks on a transfer. A power listed here is something the issuer can do; it does not mean the issuer has used it.
| Chain | Freeze a holder | Pause | Claw back | Gate holders | Change the code | Keys held by |
|---|---|---|---|---|---|---|
| Solana | Yes | No | Yes | No | No | An account only a program can sign for can freeze a holder and claw back tokens. |
Who holds the keys
Ketju read every current holder of each power from the chain on 2026-09-23. A single key is one private key, and whoever holds it acts alone. A multisig needs the stated number of signers. A timelock delays every action, so holders can see it before it takes effect.
| Chain | Key | What it can do | Held by | Address |
|---|---|---|---|---|
| Solana | Mint authority | mint new tokens | an account only a program can sign for | 6FtT3C…8chR |
| Solana | Freeze authority | freeze a holder | an account only a program can sign for | FqFNXC…vzZ3 |
| Solana | Permanent delegate | claw back tokens | an account only a program can sign for | FqFNXC…vzZ3 |
Solana: 3 contract reads, 0 functions in verified source, 2026-09-23
- mintAuthority=6FtT3CBaXVArhd2C4egCsQb1f1NF3FAfA6xhXJXD8chR
- freezeAuthority=FqFNXCMeEYUD64tLPhvVzBAnovfYBAGsU8d6qdLnvzZ3
- permanentDelegate=FqFNXCMeEYUD64tLPhvVzBAnovfYBAGsU8d6qdLnvzZ3
Where it trades
| Venue | Kind |
|---|---|
| Solana DEXs that listed SILV before the closure; we did not test current liquidity | dex |
Redemption
| Route | Settlement | Settles in |
|---|---|---|
| No redemption stated | No redemption: Dominion has ended its redemption service. Dominion says its refund programme completed for eligible participating pre-hack holders at $63 per SILV, and that this is not a statement that every holder was refunded. Dominion has not published the final wind-down notice. |
- Dominion publishes the final wind-down or transparency notice and the supporting on-chain transaction links
- The freeze authority and permanent delegate FqFNXCMeEYUD64tLPhvVzBAnovfYBAGsU8d6qdLnvzZ3 or the mint authority 6FtT3CBaXVArhd2C4egCsQb1f1NF3FAfA6xhXJXD8chR moves, burns, or mints SILV, or changes
- A new redemption path for SILV opens, from Dominion or from any successor
Daily checks
Every day Ketju reads each control function in the table above and the contracts the token checks on a transfer. Ketju compares the token’s on-chain supply with yesterday’s, and its market quote with yesterday’s quote. Ketju also reads every document quoted above and reviews the file again if a quoted passage disappears from its document. Ketju counts a new, removed, or changed key as a change only when the chain’s own log shows the grant, revocation, or signer change since yesterday. If the log does not show it, Ketju updates the key list in this file and does nothing more. A change opens a review before any client action. Subscribers get an email that names each of their clients who hold the token, with the household result.
File history
Ketju has revised this file once since filing it. Ketju keeps each earlier version as published, with the reason for the change.
| Date | Change |
|---|---|
| 2026-09-23 | Filed. |
| 2026-10-16 | Revised. Dominion has ceased operations. This file listed a cash redemption at spot less 1.5%, a promised physical redemption and a direct mint for some holders. Dominion now says all minting, redemption and product support has ended. The file keeps the earlier terms as history and records that no Dominion exit remains. The on-chain control facts are unchanged. |
Sources
- Dominion: closure statement · primary · accessed 2026-10-16
Supports: Dominion has ceased operations, SILV no longer supported, minting, redemption, and product support ended, refund at $63 per SILV for eligible participating pre-hack holders, wind-down notice and transaction links not yet published, Dominion Market LLC, Próspera ZEDE - Dominion: SILV Whitepaper v1.0 (Wayback capture of 2026-09-11) · primary · accessed 2026-09-23
Supports: one token, one troy ounce, economic exposure, no legal title to any bar, cash redemption at 1.5%, physical redemption from 5,000 oz within 3 to 6 months, not offered for direct minting in the US, UK, EU/EEA, or Canada - Solscan: SILV mint · primary · accessed 2026-09-23
Supports: Token-2022 mint with permanent delegate, supply 93,509.416437 SILV on 2026-09-23