Hyperscale Data tokenizes 5,000 troy ounces of silver on Ault Blockchain

How the silver tokens work

According to Hyperscale Data, each token represents 1 troy ounce of silver, and the tokenized silver gives exposure to physical spot silver. Token holders have the right to redeem tokens for delivery of physical silver in 100-token increments.

The company states that all of the physical silver represented by the tokens is held in secure vaults at The Wyoming Reserve. The tokens are listed on Ault Markets, a software platform that provides access to a decentralized exchange (DEX) operating on the Ault Blockchain. Ault Markets was developed by an indirectly held wholly owned subsidiary of Hyperscale Data.

The company notes that, following the model of other decentralized exchanges, listing decisions and trading on the DEX are not controlled by any centralized entity.

A step in a real-world asset strategy

Hyperscale Data describes the move as part of its previously announced plan to combine physical commodity holdings with blockchain technology and create opportunities for developing, distributing and trading tokenized real-world assets (RWAs). The company says the step moves beyond physical commodity acquisitions by converting them into blockchain-based digital assets.

It also contrasts the silver tokens with its existing digital asset holdings, saying the new offering is tied to a tangible underlying commodity, with economic exposure linked to the spot silver market. The company says it believes this approach could connect traditional precious metals markets with emerging decentralized financial infrastructure.

On October 8, 2026, Hyperscale Data announced live, invitation-only access to the DEX through Ault Markets, with plans to introduce tokenized silver, gold, platinum and potentially other precious metals. The company says the 5,000 troy ounces of silver are its first announced silver tokenization milestone.

Milton "Todd" Ault III, Executive Chairman of Hyperscale Data, said: "Earlier this year, we told our stockholders that we intended to acquire physical silver and develop the infrastructure to tokenize RWAs." He added that the company purchased the silver, established relationships for precious metals procurement and custody, launched access to a DEX and has now completed the tokenization of its initial 5,000 troy ounces.

Access, next steps and caveats

Access to the DEX through Ault Markets remains in an invitation-only beta phase. Eligible participants can request access through www.AultMarkets.com. Further details on the start of silver trading, access requirements and additional tokenized assets are expected as the initiatives progress.

Hyperscale Data says it intends to keep evaluating opportunities to tokenize additional precious metals and other eligible RWAs, subject to applicable legal, regulatory, custody and operational requirements. The company also says it believes greater adoption of tokenized RWAs could generate additional economic activity across the Ault Blockchain ecosystem, but adds that no assurance can be given on future trading volumes, adoption or financial results.

Hyperscale Data describes itself as an AI data center company. Through its subsidiary Sentinum, Inc., it operates a data center offering colocation and hosting services for AI ecosystems and other industries. The company expects the divestiture of its subsidiary Ault Capital Group to occur in 2027.

What it means

For now, the silver tokens are listed but not yet trading, and the exchange is open only to invited participants. Whether the offering draws meaningful activity will depend on the start of trading and wider access, neither of which has a confirmed date beyond the company's expectation of "within weeks." The company itself cautions that future volumes and adoption are uncertain.