Aurus Technologies

Aurus Technologies is a decentralized global software platform that enables the tokenization of precious metals on the blockchain. Founded in 2017 by Alexi Flanders, Dan Cearnau, Guido van Stijn, and Stefan Gergely, the company aims to merge the stability of precious metals with the efficiency of Web3 technologies. The firm operates as a gold-backed cryptocurrency platform, with its headquarters in Cardiff, United Kingdom.

Aurus provides the software, network, and crypto infrastructure for precious metals businesses to integrate with DeFi and Web3 applications. The company does not supply precious metals or sell tokens directly to consumers; instead, it provides the technology for its network of partners, which includes precious metal providers, vaults, and distributors, to mint and distribute their own tokens backed by gold, silver, and platinum. This ecosystem allows for transparent trading, traceability, and increased liquidity, opening up new distribution channels. The business model generates revenue from transaction fees on the trading of these digital tokens, a portion of which is distributed to partners and holders of its ecosystem tokens.

The platform's core offerings are its tokenized precious metals: tGOLD (tXAU), tSILVER (tXAG), and tPLATINUM (tXPT). Each token is 1:1 backed by and redeemable for one gram of the respective LBMA-accredited physical metal. These tokens run on the Ethereum and Polygon blockchains, with the latter being utilized to ensure low-fee and fast transactions. Aurus has also developed the AurusX (AX) token, which allows holders to earn rewards from the transaction fees generated by the platform's tokenized precious metals. In a move to enhance its ecosystem, Aurus is migrating to a new token, $AURUS, which will introduce improved governance, staking, and burn mechanisms. The platform includes a dashboard where users can buy, sell, swap, stake, and analyze their tokens, as well as engage in liquidity provision and lending.

Keywords: precious metals tokenization, gold-backed cryptocurrency, silver tokenization, platinum tokenization, blockchain, decentralized finance, DeFi, real-world assets, RWA, digital assets, tGOLD, tSILVER, Web3, crypto infrastructure, digital collectibles, NFT, asset-backed tokens, AurusX, AX, financial technology, wealth preservation, digital economy, Polygon network, Ethereum blockchain, liquidity pools