UAE based Silver Rock group invests 1 million Euros in Aurus Token project

Aurus, the fintech company whose blockchain protocol is revolutionizing the way gold is traded, has finalized a funding agreement with Dubai based Silver Rock Group Limited to pre-subscribe for €1.000.000,- worth of AurusCOIN (AWX) tokens at the companies upcoming Initial Exchange Offering. The AurusCOIN token derives 70% of the revenue created from fees generated by the company’s gold-backed token AurusGOLD (AWG).. Silver Rock Group Specializes in Structuring & Investing in a variety of Financial Instruments including Private Placements, Pre-IPO opportunities, Private Equity Accumulation of Undervalued Securities, and Special Situations. Recent concentration has been on Technology opportunities. They also specialize in introducing New Technologies to the MENA region, through JV’s & Licensing of the Technologies.

 “By investing in this start-up and its revolutionary technologies using blockchain, we are laying the foundation to allow for gold trading and alternative investments to be opened up in completely new and unique ways.” Said Ezzat Jallad,  Managing Director at Silver Rock Group Limited 

Founded in 2017, Aurus has created a blockchain protocol that digitizes real gold bullion allowing a network of partnered gold providers and vaults to securely and transparently interact with each other. Gold is tokenized such that one AurusGOLD token represents 1 gram of 99.99% gold held securely in a vault. 

The protocol's end purpose is to manage the creation, transactions and withdrawals of the gold-backed token. Aurus built a self-sustaining ecosystem by mirroring the traditional gold market in a digital way. Among its core benefits, the ecosystem will enable transparent trading, traceability, liquidity and reduced costs, and will therefore subsequently open up new profitable distribution channels. 

“We see no point in competing with the world’s biggest gold traders when it comes to selling gold. Our aim is to create a stable, globally viable alternative gold product and it seems that the best way to achieve that is to let everyone join our ecosystem. Aurus is about collaboration not competition, it’s about transition and bringing the “old” traditional gold market into the digital 21st century. Making gold as easy as money” ,Guido Van Stijn, Aurus Managing Director. “We are continuing talks with the wider market to participate alongside us and look forward to engaging interested parties.”

 Further commitments have been made by the parties to deliver additional gold as demand increases and the network grows. The horizon looks very positive with talks already underway with banks, mining companies, vault operators and refineries to join the Aurus ecosystem.