Aurum Asset Management is pleased to announce the finalization and signing of the partnership agreement with Olsen Capital Commodities, a major subsidiary of one of the largest family offices in Europe, Olsen Capital.
Olsen Capital Commodities is active in the fields of sourcing, financing, transporting and supplying of metals. Its main objective is to create a long-term partnership and a comprehensive material management program to fit specific needs of the customer, ensuring a mutually beneficial and profitable partnership between both parties.
A key objective of this partnership is to achieve a greater in-depth partnership and further integration in the gold distribution sector between both organisations thereby allowing both parties to realize significant synergies and growth.
Under the terms of our partnership agreement, Aurum Asset Management will work with Olsen Capital Commodities to streamline and restructure its gold distribution operations through the provision of our expertise and know-how in supply chain management as well as blockchain technology.
The partnership would also see Olsen Capital Commodities step up its acquisition of the Stable Gold token which would enable Aurum Asset Management to gain a firm foothold in the gold distribution sector in addition to our gold production operations.
Aurum Asset Management’s CEO, Mateen Sal Khalid stated, “This Partnership marks a significant step forward for Aurum Asset Management in terms of downstream vertical integration and is highly beneficial to our clients, stakeholders and our partner, Olsen Capital Commodities.”
Aurum Asset Management is the parent company of OpenAurum which helps Artisanal Small Gold Mines (ASGMs) to increase their gold production through the effective use of innovative technologies and advanced mining techniques.
Headquartered in the United Kingdom, the management of the company has over three decades of experience in providing investors with diversified investment strategies across various asset classes worldwide.
The company’s primary business activity is the digitalization of physical gold assets, including mines through the use of blockchain technology, thereby creating high-value, secure, asset-backed security tokens.
For further information, contact: Nick Cook, Corporate & Public Relations, Aurum Asset Management