Good Delivery Refinery launches tokenized gold and silver on the blockchain
SEMPSA JP, the leading Spanish Good Delivery precious metals refiner, has partnered with Aurus to offer digital tokens backed by gold and silver to its network of bullion dealers.
Five precious metal dealers working with SEMPSA JP sell tGOLD and tSILVER tokens to the wider retail market via their e-commerce stores. The refinery has tokenized an initial allocation of 3 kg. of gold and 25 kg. of silver bullion using the Aurus blockchain protocol.
Aurus is a decentralized global software platform that facilitates the tokenization of precious metals on the blockchain. tGOLD and tSILVER tokens are each backed by one gram of 99.99% gold and 99.9% silver respectively.
Free of recurring storage fees, Aurus tokens offer investors a convenient and affordable alternative to physical bullion, with the added benefits of instant settlement and real-time 24/7 trading from any mobile device.
tGOLD and tSILVER are now available at:
● Andorrano Joyería (Barcelona, Bilbao)
● CIODE (Madrid)
● InverMoneda (Málaga, Cádiz, Madrid, Barcelona, Seville)
● Oro Express (Madrid)
● Oro Hispánica (Madrid)
All five bullion dealers offer physical redemption services, which enable customers to redeem tGOLD and tSILVER tokens for physical bullion bars and coins at any time.
tGOLD and tSILVER tokens are now available here.
“At SEMPSA JP, we always seek to innovate across the entire value chain for the production of precious metals, working together with our customers to offer the best products. By partnering with Aurus, we now facilitate access to SEMPSA JP gold and silver bars in a highly secure, portable, divisible and liquid form. We are excited to lead the adoption of secure technologies, such as blockchain, that help accelerate the digital transformation of the precious metals industry.”
– Francisco Espinosa, CEO of SEMPSA JP.
“Together with SEMPSA JP, we proudly promote the availability and usability of precious metals to the mass market by leveraging blockchain technology. Now anyone can easily buy, store and trade gold and silver 24/7 at minimal costs. This partnership greatly supports our vision about creating a more inclusive and efficient precious metals market.”
– Guido van Stijn, CEO of Aurus.
About SEMPSA JP
Founded in 1920, and part of the Heimerle+Meule group, SEMPSA JP is the oldest refinery in Spain and a reliable supplier of precious metals to mints, dealers and jewelers worldwide. It is the only Spanish company with LBMA Good Delivery certificates, both for gold and silver and a pioneer in the refining, metallurgical engineering and processing of precious metals.
SEMPSA JP offers a range of fine metals, coins and alloys in multiple formats, along with customized products and full service support to its global network of customers.
About Aurus
Aurus is the decentralized blockchain infrastructure that powers gold, silver and platinum-pegged digital assets, creating a more inclusive and efficient precious metals market. The Aurus Ecosystem is a highly scalable, autonomous network of precious metals companies that independently produce and distribute gold, silver and platinum backed tokens globally.
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