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Hyperscale Data Tokenizes 5,000 Ounces of Silver for DEX Listing

BullishMedium impact
GPUS$0.1451 8.28%

Hyperscale Data, Inc. (GPUS) announced that its subsidiary has completed tokenizing 5,000 troy ounces of physical silver. The digital tokens are listed on the Ault Markets decentralized exchange, with active trading expected to begin within weeks.

The initiative represents an initial step by the company into tokenized real-world assets. Each token equals one troy ounce of silver and is backed by physical metal stored at The Wyoming Reserve. Digital token holders will be able to redeem their tokens for physical silver in minimum increments of 100 tokens. The platform is currently operating in an invitation-only beta stage. Shares of Hyperscale Data rose 8.28% to $0.1451 following the news.

Market participants will track the official launch of trading in the coming weeks to gauge transaction activity and platform adoption.

Key points

  • A subsidiary of Hyperscale Data, Inc. (GPUS) tokenized 5,000 troy ounces of physical silver.
  • The tokens are listed on Ault Markets DEX, with trading expected within weeks.
  • Each token represents one troy ounce of silver and is redeemable in blocks of 100 tokens.
  • Physical silver backing the digital tokens is held in custody at The Wyoming Reserve.
  • Platform access is currently restricted to an invitation-only beta group.

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Questions and answers

What did Hyperscale Data announce regarding silver tokenization?

Hyperscale Data tokenized 5,000 troy ounces of physical silver, listing the tokens on the Ault Markets decentralized exchange with each token backed by one ounce of silver.

Where is the silver backing Hyperscale Data's tokens stored?

The physical silver backing the digital tokens is held in custody at The Wyoming Reserve.

When will trading for Hyperscale Data silver tokens begin?

Trading is expected to begin within weeks, initially operating in an invitation-only beta stage.