Aurus is embracing the concept of DeFi to disrupt the precious metals industry. The firm has built a truly decentralised platform which allows companies like refineries, distributors and vaults to autonomously tokenise precious metals.

AurusSILVER (AWS) is a silver-backed token. Each AWS is collateralized by 1 gram of 99.99% silver, sourced from LBMA certified refineries. AurusSILVER can be used as an alternative to unstable fiat currencies or as the easiest way to invest in silver.

Although 'AWS' was the ticker assigned at the deployment of the AurusSILVER token's smart contract, it is in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this association and to avoid confusion in the marketplace, the alternative ticker 'TXAGV1' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.