Minting & Redemption

Minting and Redemption Processes

To facilitate user participation, SilverTimes implements secure minting and redemption mechanisms that prioritize compliance and accessibility. Minting requires users to undergo a rigorous Know Your Customer (KYC) verification at designated facilities, ensuring adherence to global regulatory standards, before any issuance can proceed. Upon approval, STT tokens are issued in proportion to deposited collateral or fiat equivalents, with smart contracts automating the process for instantaneous execution. In parallel, the platform adopts the LBMA Silver Good Delivery standard to assure metal quality and will only accept freshly minted bars from LBMA-accredited refineries as eligible collateral for minting and redemption workflows.

Redemption allows holders to exchange STT for physical silver at designated vaults, with processing times optimized for efficiency and minimum thresholds to streamline logistics. Reserves are maintained at a 1:1 value equivalence, validated through regular Proof of Reserves audits by independent third parties, providing transparency and mitigating risks.