Aurus launches precious metals tokenization platform in Dubai
“Dubai is at the forefront of fintech innovation in blockchain technologies and we are grateful for the support provided by the Dubai Government and the DMCC to this sector.”
Aurus has introduced its new Board of Directors amid the launch of the new headquarters in Dubai’s DMCC Crypto Center after acquiring a crypto license in the jurisdiction.
The decentralized precious metals tokenization platform appointed Aurus Markets DMCC Director Jeremy Hussey and three Non-Executive Advisors: Kashan Rafique, Dale Vine, and Eric Fore.
Aurus Markets DMCC will operate as the headquarters of Aurus in the MENA (Middle-East & North Africa) and SEA (South East Asia) regions.
The firm empowers gold, silver, and platinum-pegged digital assets by providing a scalable, autonomous network of precious metals businesses that independently mint and distribute such tokens globally.
Aurus tokens aim to make precious metals ownership extremely accessible and convenient.
The company will use the new headquarters to onboard local and regional partners (crypto-exchanges, bullion refineries and brokers), and expand Aurus precious metal-backed tokens to the global retail market.
Aurus enters space to digitize precious metals
Jeremy Hussey, Director of Aurus Markets DMCC, commented: “It is a privilege to be a member of the DMCC, the world’s leading free zone, and a key global commodities hub. Dubai is at the forefront of fintech innovation in blockchain technologies and we are grateful for the support provided by the Dubai Government and the DMCC to this sector. We look forward to connecting participants of the traditional precious metal markets and new users with innovative and leading technologies.”
Guido van Stijn, CEO at Aurus, said: “The swiftness of the regulatory acceptance and adoption of digital assets aligns with the vision of Aurus while scaling. Aligned with current moves in the precious metals and crypto markets, the opening of a new regional headquarters in Dubai was the logical next step.”
Eric Fiore (on behalf of Advisors), Non-Executive Advisors at Aurus Markets DMCC, added: “We saw immediately that Aurus’ Founders understand the challenges and limitations of the traditional, physical metals markets and the opportunity to fundamentally change the industry by applying blockchain technology to it. Digitizing precious metals and being able to generate a yield from that process, creates so many efficiencies and passive investment income that do not exist today. We are incredibly pleased to advise and represent this company, and we look forward to the exciting times ahead of us.”