Good momentum for AgAu’s launch

AgAu aims to be the easiest way to transact the direct ownership of allocated and redeemable physical gold and silver. In June, after a series of tests and security audits are completed, the company will launch a decentralizes platform and digital tokens backed by silver and gold. The precious metal shall be audited and secured in regulated private vaults outside the banking system.

The company, founded in 2018 and based in the Canton of Zug, has completed a bridge investment round in the single digit million CHF range and is now looking for a VC round to continue its expansion. Yazen Alkhudairy, former Head of Financial Institutions and Sovereign Coverage at Société Générale Saudi Arabia has now joined the AgAu’s Board of Advisors after leaving the Bank this April with his prominent over 23 years of expertise in treasury, investments and corporate finance. His investment and incorporation in the advisory board of AgAu AG brings clear value to the company. He will be advising AgAu’s expansion in the GCC Region which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.

Yazen Alkhudairy is Alumni of KFUPM King Fahad University of Petroleum & Minerals. Within his former role he used to cover financial institutions globally as well as the Central Bank of Saudi Arabia. During his career he notably served as Head of Treasury for Deutsche Bank, Saudi Arabia and Head of Trading & Investment Treasury at AlRajhi Bank Saudi Arabia. Yazen Alkhudairy has demonstrated years of extensive expertise in forecasting, managing, and mitigating any risks within trade and treasury sector.