Launched in November 2022, ONS Silver Token (ONSS) is an asset-backed token redeemable 1:1 for 1 ounce of silver. Issued by Token Teknoloji Anonim Şirketi, this token is fully backed by silver on the blockchain at a 1:1 ratio and is indexed to the price of ounces of silver. For each ONSS created, an equivalent amount of physical ounces of silver is held as collateral in the company's reserves.