SEMPSA JP, Spain’s foremost precious metals refinery, has teamed with Aurus to give bullion traders digital tokens backed by gold and silver.
Through their online shops, five precious metals merchants who collaborate with SEMPSA JP are offering tGOLD and tSILVER tokens to the general retail market. Using the Aurus blockchain platform, the refinery tokenized an initial allocation of 3 kg gold and 25 kg silver bullion.
A decentralized, international software platform called Aurus makes it possible to tokenize precious metals on the blockchain. The backing for the tGOLD and tSILVER tokens is one gram of 99.99% gold and 99.9% silver, respectively.
With the added benefits of quick settlements and real-time 24/7 trading from any mobile device, Aurus tokens provide investors with a handy and economical alternative to physical bullion that is free of ongoing storage fees.
You may now purchase tGOLD and tSILVER at:
- Andorrano Joyera (Barcelona, Bilbao)
- CIODE (Madrid)
- InverMoneda (Málaga, Cádiz, Madrid, Barcelona, Sevilla)
- Oro Express (Madrid)
- Oro Hispánica (Madrid)
Customers can exchange their tGOLD and tSILVER tokens for genuine precious metal bars and coins at any time thanks to the physical redemption services provided by all five bullion dealers.
“At SEMPSA JP, we are always seeking to innovate across the entire value chain of the production of precious metals, working together with our clientele to offer the finest products. By partnering with Aurus, we are now facilitating 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 safe technologies, such as blockchain, helping to accelerate the digital transformation of the precious metals industry.” Francisco Espinosa, CEO at SEMPSA JP.
“Together with SEMPSA JP, we proudly advance the accessibility 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 massively supports our vision to create a more inclusive and efficient precious metals market.” Guido van Stijn, CEO at Aurus.
About SEMPSA JP
SEMPSA JP, founded in 1920 and part of the Heimerle+Meule group, is Spain’s oldest refinery and a reliable supplier of precious metals to mints, dealers, and jewelers worldwide. It is a pioneer in refining, metallurgy engineering, and the processing of precious metals and is the only Spanish company having LBMA Good Delivery certificates for both gold and silver.
To its extensive network of clients across the world, SEMPSA JP provides a range of fine metals, coin blanks, and alloys in a number of formats, as well as personalized products and full-service support.
About Aurus
A more accessible and effective precious metals market is being created thanks to the decentralized blockchain architecture called Aurus, which supports digital currencies pegged to gold, silver, and platinum. The Aurus Ecosystem is a globally distributed, highly scalable, autonomous network of precious metals companies. Its members independently issue and distribute these tokens, which are backed by gold, silver, and platinum.
