Aurus in the Press
This page is dedicated to all the newsworthy things we’re doing. We’re a company built by interesting people with interesting stories. Don’t hesitate to reach out and talk to us!
Trading app Robinhood positions itself as democratising finance for all. However, the centralised nature of the platform- where one party holds the ultimate decision-making power, is in direct conflict with this mission. Just ask the Redditors of the WallStreetBets community. As they discovered in January, traders have zero control over how the exchange is managed. […]
One of the oldest European cryptocurrency exchanges, CEX.IO, has listed AWG and AWX, a gold-backed and its revenue-sharing token – reinforcing Aurus’ status in the global precious metals market United Kingdom, March 30 2021 – 1PM Central European Time Aurus, a fintech company that offers a blockchain-based tokenization solution to the precious metals market, and […]
Recently, one of the biggest events in the financial markets involved the settling of a huge score between Wall Street giants and Redditors. It began with a stock called GameStop, where the Reddit community came together to bet against the institutions by coordinating a massive short squeeze on the popular trading platform called Robinhood. They […]
UK-based Aurus Technologies Ltd. Partners with Chilean Gold Broker to Offer Digital Gold in Latin America 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, […]
With the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential election that could be among the most contentious in recent memory, gold has taken over as the preferred store of value for many investors. The price of the yellow metal has soared by more than 30% this year and recently surpassed […]
About AurusGOLD (AWG) Aurus is an inclusive ecosystem that the entire traditional gold industry can benefit from. The company’s open-end protocol enables esteemed gold market players to independently tokenize their own gold-backed token known as AurusGOLD. Each token is backed by and redeemable for one gram of 99.99% LMBA-accredited gold, stored in fully insured and […]
Gold has long since been a safe asset for investors over the past millennia. With the introduction of digital currencies, it only made sense that crypto developers would look for ways to come up with gold-backed tokens. Aurus is a UK fintech company that is looking to replicate the gold market digitally. By offering the tokenization […]
When money is spoken of as being as old as human civilisation, we’re really talking about gold. Ever since man discovered gold, it has been used as money in one form or another. From ancient Egyptians, the Romans and the Aztecs, to the present day, the fact that gold has intrinsic value was never up […]
Game Changer: AurusGOLD Creates Token TRULY Tied To Gold – Making Gold Instantly Transmittable & Spendable!
There’s never been such a powerful combination of trust backing an asset like this before: The 5000+ year history of gold and it’s status as a globally traded high-value asset, and the unquestionable transaction records of a blockchain powered ledger. But two challenges need to be resolved before anything ‘backed by gold’ could be considered […]
Aurus Technologies, the company behind the premier decentralized gold-backed token launches point-of-sale devices to handle stablecoin payments and direct settlements of merchants without the need for PSP’s (middlemen). This effort comes hot on the heels of the company’s recent announcement of the launch of their blockchain based debit card in partnership with Cyclebit– trusted chip-to-chain […]
Across many lands, central banks are exploring or studying the feasibility of launching central bank digital currencies (CBDCs). It has dawned on many experts in the field of central banking that the blockchain and cryptocurrencies are inevitable innovations. Privately issued Bitcoin has already demonstrated that digital currencies or cryptocurrencies have a place in today’s financial […]
Our forebears were not entirely wrong- their instincts were on point when they introduced Gold and silver as a universally accepted choice of money to displace the problematic barter system. Indeed money is as old as human civilization. We’ve now come so far as to have agreed on major identifying marks of money namely: Medium […]
London Startup Aurus Launches Gold-Backed Crypto Token, Possibly Opening The Gold Market To New Investors
The idea that crypto coins can be used for everyday goods and services is not a reality, yet. Stablecoins offer the potential for crypto to be used as day-to-day payments because their value is pegged to an underlying asset, where price stability is more consistent. Still, the middleman sitting in-between buyer and seller exists to exchange digital […]
For a long time, gold was money. Right up until the gold standard was abandoned for a fiat monetary system just 50 years ago. It didn’t take long for the flaws of intrinsically valueless money to become apparent. History has demonstrated time and time again that a currency subject to inflation isn’t sustainable. A reliable […]
After a summer of soaring gold prices it’s been rather quiet in the gold-backed token space but we are ready to share some excitement! As launching a product that’s fully regulatory compliant has been the number one priority from day one, Aurus has gone through multiple efforts to make sure our product would be legally […]
A UK based startup, Aurus, recently began a phased rollout of a crypto token that ultimately aims to restore a genuine gold backed currency standard, some 50 years after this was discontinued. Working with players in the gold industry, Aurus made the initial move when some 5 000 grams of the precious metal was on boarded […]
The need for cross-border payments are becoming increasingly more important as the world is rapidly globalizing. The cross-border payment market has grown to be a US$22 trillion market, fueled by increasing international commerce, migration and changing economic trends. Today’s modern societies expect cross-border payments which are frictionless, secure, transparent, cost-effective and fast. Unfortunately, financial technologies […]
On April 10, 2019, Aurus attended the DMCC precious metals conference which took place in Dubai, the city of gold. The event presented many networking opportunities for Aurus as it was attended by some of the largest names in the precious metals industry.
Two of our team members recently came back from networking at the 2019 London Blockchain Week. Over the course of a few days, many valuable discussions took place with potential integration partners, digital exchanges, gold providers, and institutional custodial services.
The term, asset-backed token (ABT) speaks for itself, it’s where the storage, value, and management of an asset is transferred and represented by digital tokens on the blockchain. The tokenization of an asset doesn’t affect the physical asset itself, it changes the way ownership and transfer of value of that asset is managed. ABT’s are […]
There’s a lot that happened in the blockchain industry looking back on last year, one of the most notable events being the cryptocurrency battle with the brutal bear market.
With the emergence of blockchain technology, buying, selling and trading gold is about to become more efficient than ever. Gold is leaving behind its long and self-destructive paper-based trading past and embarking on a new digital relationship powered by blockchain.
Throughout the ages, gold has been associated with wealth, prestige and power and has long been considered a prized asset for investors around the world. The numbers don’t lie — approximately $5.9 trillion of gold are traded every year, an amount that dwarves the value of the DOW Jones Industrial Complex and S&P 500 combined.