Aurus Technologies is a Financial Services and Fintech startup based in the United Arab Emirates, founded in 2018. The company's slogan, "Get real with gold," reflects its mission to empower the traditional precious metals industry by offering blockchain-based products and services that revolutionize the accessibility and usability of gold, silver, and platinum. Aurus has created a highly scalable ecosystem that interacts with technology to produce and distribute their own precious metal-backed tokens – tGOLD (tXAU), tSILVER (tXAG), and tPLATINUM (tXPT). Through its innovative approach, Aurus enables precious metal businesses to deliver new products to mass markets, broadening clientele and revenue. This facilitates people around the world to easily buy, store, and trade precious metals in a highly fractionable, portable, and accessible way at spot price and low storage and transaction fees. In March 2020, Aurus Technologies secured a €1.00M Seed Round investment from Silver Rock Group, demonstrating confidence in the company's vision and potential. The funding supports the development and expansion of AurusX (AX), a revenue-sharing token with a total supply of 30,000,000. As people around the world trade Aurus' precious metals-backed tokens, the accumulated minting and transaction fees are distributed to AX holders, fostering a dynamic and inclusive ecosystem. With its visionary approach and strategic investment partnerships, Aurus Technologies is well-positioned to disrupt and redefine the precious metals industry.
Funding Stage | Amount | No. Investors | Investors | Date |
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Seed Round | €1.00M | 1 | Silver Rock Group | 14 Mar 2020 |
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