XAG

CommoditiesLive

Tokenized Silver Spot

Tokenized Silver Spot, hard-asset exposure tracked at spot.

See XAG on /markets →Underlying ticker: XAG

Key facts

On-chain symbol
XAG
Underlying
XAG
Asset class
Commodities
Custody
Held at Flo Finance
Chains
Base, Arbitrum, Ethereum
Distribution treatment
Spot price, no distributions
Attestation cadence
Daily
Issuer
Flo Finance
Backing
1:1 backed by the real underlying

How XAG resolves to XAG

Each XAG on-chain represents a 1:1 claim on the underlying Silver Spot held at an institutional custodian. The issuer and backing model are the same for every Flo token; only the underlying differs.

  1. 01

    Issuance

    Flo Finance issues XAG as a tokenized Silver Spot, 1:1 backed by the real underlying.

  2. 02

    Custody

    The underlying Silver Spot is held at Flo Finance, an institutional custodian.

  3. 03

    Settlement

    XAG settles on-chain on Base, Arbitrum, Ethereum. Cross-chain transfers route through Chainlink CCIP.

  4. 04

    Attestation

    Reserves are attested daily by an independent auditor and published on the Flo transparency surface.

Mint XAG with one SDK call

Every Flo-issued token shares the same six SDK methods. Mint, redeem, supply, withdraw, borrow, repay.

POST /v1/mint

{
  "asset": "XAG",
  "notional_usdc": "1000.00",
  "slippage_bps": 50,
  "settlement": {
    "currency": "USDC",
    "chain": "base"
  }
}

Where XAG lives today

Flo distributes through partners. The same XAG on-chain is the asset every partner integrates against; partner UIs may relabel it for their own brand.

Partner integrations in build

No live partner is distributing XAG yet. Twelve integrations are in build across exchanges, wallets, fintechs, neobanks, and asset managers. Partners are listed here only after they ship.

Audits

Four independent firms, $250K bug bounty

Sherlock, Halborn, Cantina, and Cyfrin have audited the smart contracts that issue and settle XAG. The same contracts power every Flo-issued token; one audit covers the catalogue.

Read the audit reports →

Backing

1:1 backed by the real underlying

XAG is issued by Flo Finance and 1:1 backed by real Silver Spot held at institutional custodians. Reserves are attested daily and published on the Flo transparency surface.

Open the transparency page →

Risks

XAG carries the market risk of the underlying Silver Spot, plus the structural risks common to every tokenized asset: custody concentration, smart-contract risk, and oracle dependency. Read the full risk disclosures on the Flo transparency surface before integrating or holding.