Cardiff, April 27, 2021 – Chilean precious metals broker Aurica becomes the first company in Latin America to be offering gold, silver and platinum-backed digital tokens
Aurica Metales, the leading precious metals broker in Chile, has officially launched AurusPLATINUM (AWP), a blockchain-based digital token that is 100% backed by physical platinum. With the release of this new product in Latin America, the company expects to reduce the barriers of entry to investing in the scarce precious metal.
Aurica started its venture into the digital asset space on December 2020, after partnering with Aurus Technologies, a UK-based fintech company that offers a blockchain-based solution for tokenizing precious metals, such as gold, silver and platinum. Aurica has added AurusPLATINUM to its offerings following the success of the previously launched products, AurusGOLD (AWG) and AurusSILVER (AWS).
AurusPLATINUM (AWP) is a platinum-backed token that is minted using Aurus’ blockchain-based solution. Each AWP token is backed by, and redeemable for 1 gram of 99.95% LBMA-accredited platinum, stored in fully audited and insured vaults.
AurusPLATINUM, AurusGOLD and AurusSILVER are available on Aurica’s recently updated web shop, which is now accepting orders with credit cards issued beyond Chilean borders. The three asset-backed tokens can be stored in both digital and hardware wallets (Aurus VAULT Card, Legder and Treezor).
“We are very excited about the success of this new form of investment, which democratizes access to precious metals as a means of protecting wealth in times of social, political and economic uncertainty. Today, everyone can have gold, silver or platinum in their portfolio. Latin America was waiting for an instrument like this, and we have seen it reflected in the incessant demand for these products from different countries in the region” said Felipe Muñoz, CEO of Aurica.
“With blockchain technology we can accelerate the digital transformation of the precious metals industry. We are pleased to be working with Aurica, who is our first partner to be offering the three asset-backed tokens and is now opening up the precious metals market to everyone in Latam” said Francisco Leyton, Head of Latam Operations at Aurus.
About Aurica: Aurica is a precious metals broker based in Chile that offers gold, silver and platinum coins in both physical and digital form. As an official distributor of Kitco Metals, the company has been operating since 2012 and is now expanding its offering to the entire Latam region.
About Aurus: Aurus is a UK company that offers a decentralized blockchain-based solution to the precious metals industry, enabling refineries and brokers to offer their own gold, silver and platinum-backed tokens.