Gold-sponsored computerized tokens to hit Turkish market

June 8, 2021

The association empowers financial backers to buy grams of authorize gold as ERC-20 tokens 

 

Gold wholesalers are beginning to discover better approaches to extend their organizations to retail, because of blockchain-based tokenization. Global bullion exchanging organization AgaBullion and United Kingdom-based fintech Aurus Technologies have marked an association to bring to the table gold-moved tokens in the Turkish market. 

 

The association will see financial backers own grams of LBMA-licensed gold through AurusGOLD. As a gold-sponsored ERC-20 token on the Ethereum blockchain, AurusGOLD (AWG) is printed and dispersed by valuable metals sellers utilizing Aurus’ blockchain-based arrangement. 

 

“Gold is the most seasoned decentralized money framework on the planet,” AgaBullion executive Gökhan Yılmaz said, “It has become a universally perceived and set up biological system.” He added that since the absence of fundamental resources and high instability renders other digital currencies questionable, a genuinely sponsored token bodes well. 

 

“We see a colossal potential for advanced valuable metals,” AgaBulllion CEO Sarp Tarhanaci expressed. “By joining forces with Aurus, we would now be able to utilize their blockchain stage to work with fragmentary gold possession in Turkey.”

 

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