Aurus x Defactor: Lending and Borrowing Against Gold in DeFi

Aurus and Defactor are thrilled to announce their strategic partnership, setting the stage for the utility of Real-World Assets (RWAs) in DeFi. Together, we will offer Lending and Borrowing opportunities against Precious Metals in DeFi, starting with tGOLD (TXAU). 

Lend & Borrow against tGOLD

Initially, we're launching a beta version centred around lending and borrowing against the tGOLD token. In simple terms, anyone holding tGOLD will now be able to take a loan using it as collateral on the Defactor platform. This is a groundbreaking utility for tGOLD as it enables users to effectively manage their short-term finances while maintaining their long-term position in gold.

tGOLD (tXAU) token 1:1 is physically backed by and redeemable for 1 gram of 99.99% LBMA-accredited gold.

Defactor is striving to be the platform upon which, multiple Real-World Asset (RWA) providers can build products and use cases in lending and borrowing. After the beta version, Aurus and Defactor will consider enhanced features and more utility in the lending and borrowing vaults. 

“Together we are setting the standard, unlocking the true potential Real-World Assets like gold in DeFi. We are excited to join forces with Defactor, a powerful collaboration that brings immense value to both our communities” – Mark Gesterkamp, Director at Aurus.

“Defactor is striving to be the platform upon which, multiple Real-World Asset (RWA) providers can build products and use cases in lending and borrowing. Precious metals are a key Asset class for RWA adoption and we are thrilled to power this tGold solution ”  – Adam Bouktila, Co-Founder at Defactor.

About Aurus

Aurus specializes in the tokenization of precious metals on the blockchain. Each token, tGOLD, tSILVER, and tPLATINUM, is 1:1 backed by and redeemable for 1 gram of physical gold, silver and platinum respectively, offering a convenient and cost-effective alternative to physical precious metals, with the additional benefits of instant settlements, real-time 24/7 trading, and fewer intermediaries.

About Defactor

Defactor, a global leader in decentralized finance (DeFi), helps innovative companies to access this new connected economy with confidence. As one of the first platforms to put real-world assets onto the blockchain, Defactor enables asset originators and investors to easily join and build a stronger financial future. 

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