June 10st, 2022 — Aurus, precious metals tokenization platform has partnered with A.G. Metals Israeli precious metals wholesale and industrial distribution company. A.G. Metals has incorporated Aurus’ blockchain solution to distribute Aurus precious metal-backed tokens to the Israeli market.
Precious Metals on the Blockchain
Aurus collaborates with the traditional precious metals industry, empowering a global network of bullion refiners and traders to create a decentralized gold-backed cryptocurrency. Physical Gold, Silver and Platinum bullions are tokenized and represented by digital tokens on the blockchain. Aurus precious metal tokens are 1:1 backed by and redeemable for 1 gram of physically allocated Gold, Silver, and Platinum, stored in fully audited vaults.
Aurus partners with A.G. Metals as the first Israeli Bullion dealer to join the Aurus Ecosystem as a Distributor of Aurus precious metal tokens. As part of its digital transformation, A.G. Metals has launched Tradinovation to begin offering AurusGOLD, AurusSILVER, and AurusPLATINUM tokens in addition to its physical bullion products to the Israeli market for most fiat currencies.
Tokenized Precious metals in Israel
A.G. Metals, with more than 25 years of experience in the recycling and wholesale distribution of precious metals, has partnered with Aurus to accelerate its digital transformation. As a supplier to local factories, handling large volumes of Gold and Silver, A.G. Metals will implement blockchain technology to expand its business operations to the broader retail market.
In the future, A.G. Metals plans to offer Aurus’ blockchain solution as a stock management tool in the wholesale precious metals trade. Precious metals wholesalers can use Aurus precious metals to hedge against stock price fluctuations during international import and export logistics.
A.G. Metals will be representing Aurus and showcasing its plans to incorporate blockchain technology into its business model and the overall potential of tokenized precious metals at the International Precious Metals Institute (IPMI) Conference in Orlando on 11-14 June 2022.
“We are proud to onboard our first distributor partner in Israel, a highly progressive tech territory and also a big hub for precious metals.” — Guido van Stijn, CEO at Aurus
“I see great potential in the future of digital assets and blockchain technology. Aurus brings together two flourishing industries to offer innovative and revolutionary solutions to precious metals companies and investors alike. Investors can now buy precious metals from as little as one gram without the traditional burdens of logistics and heavy duties, aside from all the other advantages of tokenized precious metals” — Ami Gur, Managing Director at A.G. Metals
Aurus provides the software, network, and crypto infrastructure for global precious metals businesses to merge with the future of finance, in the form of DeFi and Web3 applications — offering high-tech products, a huge addressable market, and passive revenue streams.
About A.G. Metals
A.G. Metals is a leader in the field of precious metals, specializing in the trading & recycling of precious metals. With over two and a half decades of experience, a worldwide network of professional connections, and a long-standing reputation for reliability and financial resilience, the company covers a wide range of Precious metals-related fields such as dental alloys, electronic recycling, autocatalytic recycling, plating materials etc.