SilverTimes Token (STT)
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: SilverTimes Token (STT) 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
The white paper says holders own the silver beneficially through an orphan trust; no trust deed or trustee is published.
“All underlying silver assets have been placed in an Orphan Trust structure, protecting the interests of STT token holders. The beneficiary ownership of silver belongs to STT token holders.”
SilverTimes Token white paper v9.2 (July 2026) · Page 12, Minting and Redemption · words found 2026-10-16
- What the holder owns
Later, the same white paper describes the trust only as an intention.
“SilverTimes intends to use a trustee company structure to custody silver reserves”
SilverTimes Token white paper v9.2 (July 2026) · Page 19, Security and Compliance · words found 2026-10-16
- Who may hold it
Minting takes KYC; the documents name no excluded countries and say nothing about US persons.
“To mint STT, users must complete the required KYC verification and meet applicable onboarding requirements before token issuance.”
SilverTimes Token white paper v9.2 (July 2026) · Page 12, Minting and Redemption · words found 2026-10-16
- First purchase minimum
One ton of silver to mint; no minimum to hold.
“1 ton of silver for minting.”
SilverTimes docs: FAQ · FAQ, How do I mint $STT · words found 2026-10-16
- Account types
The documents do not say whether individuals or only companies may mint or redeem.
Not stated in SilverTimes Token white paper v9.2 (July 2026), SilverTimes docs: FAQ, SilverTimes site script (renders silvertimes.io, including its terms), SilverTimes Transparency Report STT-TR-2026-JUL (issued 20 August 2026).
- Who it may be transferred to
STT trades freely on chain, with whitelisting “where applicable”; the contract can block addresses, pause, and charge a transfer fee.
“Trading is free of charge, minting is subject to a 1% fee, while redemption is subject to a 0.35% fee”
SilverTimes Token white paper v9.2 (July 2026) · Page 15 · words found 2026-10-16
- How a holder redeems
Verified holders redeem for physical silver through designated channels, subject to minimums and fees the paper does not set out.
“Holders of STT tokens may redeem eligible token holdings for physical silver through designated redemption channels, subject to minimum redemption amounts, processing procedures, fees, and applicable regulations.”
SilverTimes Token white paper v9.2 (July 2026) · Page 12, Minting and Redemption · words found 2026-10-16
- Who keeps the official record
The documents do not say which record governs. Brink’s holds the bars for the account of a company, STT Assets Limited in the transparency reports and Best Power Development Limited in the standalone certificate.
“holds secure physical silver bars with a net weight of 1,019.32330 kg for the exclusive account of STT Assets Limited.”
SilverTimes Transparency Report STT-TR-2026-JUL (issued 20 August 2026) · Section I · words found 2026-10-16
- What the issuer says it can freeze or take back
The documents give holders no freeze terms; the contract lets a blocklist manager block any address and an enforcer multisig force-transfer any balance past the pause and the blocklist.
“ENFORCER_ROLE for force transfers that bypass pause and blocklist checks, PAUSER_ROLE for pausing/unpausing all operations, BLOCKLIST_MANAGER_ROLE for adding/removing addresses from a blocklist”
Beosin: SilverTimes smart contract audit (16 July 2026) · Page 3, Project Description · 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 |
|---|---|---|---|---|---|---|
| Ethereum | Yes | Yes | Yes | No | Yes | A single key can pause transfers and freeze a holder. A 2-of-3 multisig holds the admin key. A 4-of-6 multisig, through a contract, can change the code with no delay. |
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 |
|---|---|---|---|---|
| Ethereum | Proxy admin | change the code | a contract run by a 4-of-6 multisig | 0x2ce3…731d |
| Ethereum | Minter role | mint new tokens | a 2-of-3 multisig | 0x46b0…5bed |
| Ethereum | Admin role | grant and revoke these powers | a 2-of-3 multisig | 0x91ee…d71e |
| Ethereum | Enforcer role | claw back tokens | a 4-of-6 multisig | 0x6854…1ed3 |
| Ethereum | Pauser role | pause transfers | a single key | 0x5791…eef1 |
| Ethereum | Burner role | claw back tokens | a 2-of-3 multisig | 0x46b0…5bed |
| Ethereum | Blocklist manager role | freeze a holder | a single key | 0xa0e3…afa4 |
Ethereum: 4 contract reads, 4 functions in verified source, 2026-09-23
- eip1967.implementation=0x67a9499cc6fe9f87a48371fae95c6f221177e0e8
- eip1967.admin=0x2ce3520a523c5492ae3646c9a50b94d33509731d
- paused()=false
- isPaused()=false
- addToBlocklist in verified source 0x67a9…e0e8
- isPaused in verified source 0x67a9…e0e8
- forceTransfer in verified source 0x67a9…e0e8
- mint in verified source 0x67a9…e0e8
Where it trades
| Venue | Kind |
|---|---|
| SilverTimes (silvertimes.io): minting after KYC, from one ton of silver | issuer primary |
| Coinstore (STT/USDT) | exchange |
| Uniswap v4 on Ethereum (STT/USDT) | dex |
Redemption
| Route | Settlement | Fee | Settles in |
|---|---|---|---|
| Redeem in kind | A verified holder redeems for LBMA Good Delivery silver bars through SilverTimes’ designated channels, at a 0.35% fee plus delivery costs; the docs say it takes 3 to 5 business days. The docs state no minimum. The docs place the silver at Brink’s London; the custody letters place it at Brink’s Hong Kong. | 35 bps | XAG (LBMA Good Delivery bars) |
| Secondary market only; no issuer redemption | Holders who do not redeem sell on Coinstore (STT/USDT) or in the Uniswap v4 pool on Ethereum. | USDT |
- The implementation behind 0x9f13a262ac5be07a8e6eac09d01daf00be5e0fce changes, or its proxy admin (owned by a 4-of-6 multisig) changes
- The single-key PAUSER_ROLE holder 0x579173cf3e901d89ea1bc65b9a3bec8d08e6eef1 or BLOCKLIST_MANAGER_ROLE holder 0xa0e3b87c8a622c8757a0edfd3f608518be5aafa4 changes, or the 4-of-6 ENFORCER_ROLE multisig force-transfers a balance
- A transfer fee above zero is set, or STT is issued on HashKey Chain or another chain
- SilverTimes publishes a trust deed, names the trustee or the issuer in its terms, or explains why two versions of the 15 May 2026 Brink’s certificate name different account holders
- A transparency report is missed, the silver held falls below supply, or an independent auditor reports on the reserve
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 not revised this file since filing it. If Ketju revises it, the earlier version stays as published, with the reason.
| Date | Change |
|---|---|
| 2026-09-23 | Filed. |
Sources
- SilverTimes Token white paper v9.2 (July 2026) · primary · accessed 2026-09-23
Supports: orphan trust, beneficial ownership for holders, subsidiary of an unnamed TCSP-licensed trust, intends to use a trustee company structure, KYC to mint, redemption for silver through designated channels, 1% mint and 0.35% redemption fee, supported by Alexis Investment Limited, a GobiMin subsidiary - SilverTimes Transparency Report STT-TR-2026-JUL (issued 20 August 2026) · primary · accessed 2026-09-23
Supports: STT Assets Limited labelled issuer, Brink’s Hong Kong custodian, 1,019.3233 kg for the account of STT Assets Limited, copy of the Brink’s certificate naming STT Assets Limited - Brink’s Hong Kong holding certificate, 15 May 2026, ref AG42840 (standalone PDF on silvertimes.io) · primary · accessed 2026-09-23
Supports: held for the account of Best Power Development Limited, differs from the copy inside the transparency reports - SilverTimes docs: FAQ · primary · accessed 2026-09-23
Supports: one ton of silver to mint, silver stored at Brink’s London, 3 to 5 business days to redeem - Beosin: SilverTimes smart contract audit (16 July 2026) · primary · accessed 2026-09-23
Supports: contract address, ENFORCER_ROLE force transfers past pause and blocklist, PAUSER and BLOCKLIST_MANAGER roles, upgradeable proxy, transfer fee role - SilverTimes site script (renders silvertimes.io, including its terms) · primary · accessed 2026-09-23
Supports: contract address, terms of Silver Times Global Inc., silver tokenized synthetically, delivery at the customer’s cost