Tokenized Gold on the Blockchain Arrives to Chile and Latin America
PoliticMag Press Release : December 15, 2020
UK-based Aurus Technologies Ltd. Partners with Chilean Gold Broker to Offer Digital Gold in Latin America
Cardiff, UK – December 14, 2020
Aurica Metales is the first gold broker in Latin America to offer digital tokens backed by physical gold. The Chilean distributor has partnered with UK fintech Aurus Technologies Ltd. to begin commercializing a new digital product that facilitates gold ownership, called AurusGOLD (AWG).
Aurica Metales is the largest gold broker in Chile and it specializes in the distribution of gold coins minted by the Royal Canadian Mint. With the COVID-19 pandemic and the paralysis of supply chains, Aurica seized the opportunity to diversify its brick mortar business by offering a digital gold alternative to Latin american market.
Felipe Muñoz, Managing Director of Aurica said: “At Aurica we are very happy to have partnered with Aurus, as it will allow us to expand our business operations and provide access to the new era of gold investments across Latin America.”
AurusGOLD is a gold-backed token that is created using Aurus’ blockchain-based solution, where each token represents 1 gram of LBMA-accredited gold. As of today, Aurica is distributing AurusGOLD margins above spot price, accompanied by a portable hardware wallet granting holders the highest form of security and control.
Francisco Leyton, Latam Lead of Aurus Technologies said: “With Aurica we are making gold more accessible and convenient for investors in Chile and in Latam. Now, people will be able to easily buy, store and transfer gold avoiding the hurdles of the physical world.”
Aurus: Aurus Technologies is a UK limited company that offers a Tokenization-as-a-Service solution to the gold industry. Aurus’ blockchain platform enables gold providers, vaults and distributors to independently produce and distribute their own gold-backed token, AurusGOLD (AWG).