Company Size
1-10 Employees
Cardiff, United Kingdom
About Aurus Technologies
Aurus is a FinTech company founded in the UK that offers a tokenization-as-a-service (TaaS) solution to the gold market and soon for other commodities. The Aurus protocol interacts with a cohesive network of gold providers, vaults, and distribution channels that work in synergy to produce a decentralized gold-backed token for the mass market.
Product / Service Description
AurusGOLD (AWG) is a gold-backed token on the Ethereum blockchain. Each AWG token is fully collateralized by, and redeemable for 1 gram of 99.99% LBMA certified gold, stored in partnered, fully-audited vaults.
Solution Description
We believe that combining the demonstrable stability of gold with the transparency, trust and efficiency of the blockchain can modernize the traditional gold market while also posing as the next monetary revolution. Unprecedented gold liquidity: Aurus is democratizing gold by making it much more efficient to buy, store, and transfer. AWG enables people to trade cents worth of gold instantly, around the world, thus providing unprecedented liquidity in the gold space. Making gold as easy as money: Aurus makes gold practical as a means of payment. Functioning as a unit of account, store of value and medium of exchange, AWG perfectly meets the definition of money. With the ability to conduct cheap, fast, reliable payments not restricted by borders, AWG poses as a sustainable, globally viable currency. AWG can provide people with the financial independence they deserve.
This infographic gives an overview of how the different sectors within the ecosystem are positioned in the financial services value chain.
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