Defactor and Aurus Join Forces to Unlock the Utility of Real-World Assets
03/10/2023 – Dublin
We at Defactor are thrilled to announce our strategic partnership with Aurus to enhance the utility of Real-World Assets (RWAs) within the decentralised finance (DeFi) space. Together, we will introduce new lending and borrowing opportunities against precious metals, starting with the tGOLD (TXAU) token.
Lend & Borrow Against tGOLD
Initially, we will launch a beta version focused on lending and borrowing against the tGOLD token. This innovative approach allows tGOLD holders to leverage their assets as collateral for loans. This groundbreaking utility for tGOLD enables users to manage their short-term finances effectively while retaining their long-term investment in gold.
The tGOLD (TXAU) token is physically backed by and redeemable for 1 gram of 99.99% LBMA-accredited gold, ensuring robust security and value. Together with Aurus, we plan to introduce enhanced features and additional utilities, further expanding the capabilities of this partnership.
“Defactor is striving to be the platform upon which, multiple Real-World Asset (RWA) providers can build products and use cases in lending and borrowing. Precious metals are a key Asset class for RWA adoption and we are thrilled to power this tGold solution” said Adam Bouktila, Co-Founder at Defactor.
For more information about the partnership and to participate in the beta version, visit Defactor.
About Aurus
Aurus is a leading provider of tokenised precious metals, aiming to democratise access to gold, silver, and platinum by integrating them into the digital economy. Aurus enables seamless transactions, storage, and redemption of precious metals through blockchain technology.
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