Pyrrhos Trust Company

Pyrrhos Trust Company is rated 3 out of 5 in the category information technology and services. Read and write reviews about Pyrrhos Trust Company. Pyrrhos Trust Company or the Pyrrhos Gold Token - is a blockchain-based project and stablecoin, designed to encourage the digitalization of the financial markets, and their afferent investment instruments. It achieve this by enabling users to purchase coverage in physical gold, via the ERC-20 Ethereum-based PYRG token. Pyrrhos Gold (PYRG) is an asset-backed token where thousand token represents one gram of gold bar, stored in professional vault facilities. Anyone who owns PYRG has ownership rights to that gold under the custody of Pyrrhos Trust Company. Since PYRG represents physical gold, its value is tied directly to the real-time market value of that physical gold. PYRG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars. On an exchange, customers can convert their tokens to fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PYR is available for trading on many different exchanges. PYR will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.