Aurus is the decentralized financial infrastructure empowering gold, silver, and platinum-pegged digital assets. The Aurus Ecosystem is a global network of independent precious metals providers, vaults and distributors working in synergy to tokenize their own precious metals. Each token is fully backed by and redeemable for 1 gram of the respective metal, stored in audited vaults.
Aurus was present at the DMCC (Dubai Multi Commodities Centre) Precious Metals Conference on the 18th of November, where senior management announced the rebranding of the company and its main digital assets; the website and mobile app. These technological advances unlock the next chapter of Aurus. Empowering precious metals dealers all over the world to offer the broader retail market the ability to buy, store and trade precious metals easier than ever before.
Precious Metals Conference 2021 — Networking and Developments
Guido van Stijn, Aurus Managing Director took the stage at the Precious Metals Conference on Panel 2: The changing landscape in the precious metals industry. He explains how Aurus is empowering the precious metals industry with blockchain and DeFi. Watch Guido present Aurus at the conference here.
Striving to become a global blockchain hub, Dubai carries a very future-focused culture. There is a huge appetite for blockchain and DeFi innovations. The team had various meetings with precious metals dealers, bullion banks, large commodity traders, and strategic investors. All industry players the team interacted with were already very aware of the potential of blockchain and see it as a future part of their business plans and strategy.
The introduction of Aurus to the traditional industry couldn’t have been better received. While blockchain is advancing it is still to be questioned why blockchain isn’t used in the precious metals industry – from sustainable sourcing to international settlements. Precious metals players are looking at ways to adapt their business models to enter this huge market of untapped potential. They see the value of the open architecture structure, allowing any party to join and thereby being stronger together as a network.
The Dubai trip was a huge success. We’re pleased to have onboarded the first distributor…
Read More: techbullion.com