2023-10-25 16:52:18

SEMPSA JP, LBMA Good Delivery Refinery Launches Tokenized Gold and Silver on the Blockchain in Partnership With Aurus...

The Daily Hodl

By Chain Wire

October 25, 2023 Madrid, Spain

SEMPSA JP, the leading Spanish good delivery precious metals refinery, has partnered with Aurus to offer digital tokens backed by gold and silver to its network of bullion dealers.

Five precious metals dealers working with SEMPSA JP are selling tGOLD and tSILVER tokens to the broader retail market via their e-commerce stores. The refinery has tokenized an initial allotment of three kilos of gold and 25 kilos of silver bullions 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 bullions, with the additional benefits of instant settlements and real-time 24/7 trading from any mobile device.

#ceo #business #storagefees #spanishcompany #multipleformats

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