Atropars

Name

Atropars

Legal name

Atropars Company (شرکت آتروپارس)

Website

https://atropars.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Atropars is a privately held Tehran-based manufacturer producing standardized 24-karat gold bars, custom jewelry, and tokenized gold (AtroGold/AtroSilver) for Iranian retail savers via direct e-commerce, direct sales, and the Phoenix Pars token network.

Ownership category

akta.pro rank

Product category

Precious Metals Refining and Bullion Manufacturing

NAICS

Nonferrous Metal (except Aluminum) Smelting and Refining (33141), Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers (42394), Jewelry Retailers (45831)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Jewelry, Precious Metal (3911), Wholesale-Jewelry, Watches, Precious Stones & Metals (5094)

akta.pro primary industry

Precious Metals Minting & Bullion Products (IMAKAEAJ)

akta.pro secondary industries

Precious Metals Smelting & Refining (IMAKAEAE), Precious Metal Jewelry (Gold/Platinum/Silver) (CRAKAAAD)

Keywords

• Gold bar manufacturing
• Gold refining
• Precious metals trading
• Tokenized gold
• Gold jewelry fabrication

Headquarters

HQ city

Tehran

HQ country

Iran

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Gold Bar Sales: Sale of 24-karat standard gold bars in various weights (100g, 250g, 500g, 1000g) produced at the company's factory, sold directly to consumers through e-commerce and direct purchase channels.
2. Gold Token (Atrogold/Atrosilver): Digital gold tokens sold through the Phoenix Pars platform, each token representing 10 grams of 24-karat physical gold stored in bank vaults. The company can issue up to 12 tons of gold tokens per year.
3. Gold Jewelry Manufacturing: Custom gold jewelry manufacturing services using production equipment, with designs created by in-house designers to meet market demand.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels1 record

Core offering

Atropars manufactures and sells 24-karat standardized gold ingots in 100g, 250g, 500g, and 1kg weights, produces custom gold jewelry, and issues AtroGold and AtroSilver digital tokens (each token backed by 10 grams of physical gold stored in bank vaults) via the Phoenix Pars platform. Production uses Italian ITALIMPIANTI refining machinery with an on-site specialized assaying laboratory for purity verification.

Product overview

Atropars is a gold trading and manufacturing company with over 25 years of experience. The company operates as a unified portfolio offering: (1) Gold Ingots — 24-karat gold bars in four standard weights (100g, 250g, 500g, 1000g) produced at their ITALIMPIANTI-equipped refinery with on-site laboratory testing, (2) Custom Gold Jewelry manufacturing, and (3) AtroGold/AtroSilver Digital Tokens — blockchain-based tokenized gold (each token = 10g physical gold) issued via Phoenix Pars platform, enabling digital ownership with physical gold redemption capability.

Differentiator

Problem solved

Functional benefit

Brands

• AtroGold (آتروگلد): Gold token product backed by physical gold stored in bank vaults, with each token equivalent to 10 grams of 24-karat gold, issued through Phoenix Pars platform.
• AtroSilver (آتروسیلور)

Products and services

• 100g Gold Ingot (شمش طلا ۱۰۰ گرم) 24-karat gold ingot weighing 100 grams, produced with Italian ITALIMPIANTI machinery to international purity standards, sold to individual retail investors seeking to hold physical bullion.
• 250g Gold Ingot (شمش طلا ۲۵۰ گرم) 24-karat gold ingot weighing 250 grams, produced with Italian ITALIMPIANTI machinery to international purity standards, sold to individual retail investors.
• 500g Gold Ingot (شمش طلا ۵۰۰ گرم) 24-karat gold ingot weighing 500 grams, produced with Italian ITALIMPIANTI machinery to international purity standards, sold to individual retail investors.
• 1kg Gold Ingot (شمش طلا یک کیلو گرم) 24-karat gold ingot weighing 1 kilogram, produced with Italian ITALIMPIANTI machinery to international purity standards, sold to individual retail investors.
• Custom Gold Jewelry (مصنوعات طلا و جواهر) Bespoke gold jewelry manufacturing using specialized gold fabrication machinery and an in-house design team, producing custom gold and jewelry pieces for individual customers.
• AtroGold Token (توکن آتروگلد) Blockchain-based gold token issued through the Phoenix Pars platform. Each token represents 10 grams of 24-karat physical gold stored in bank vaults. Holders can redeem for physical gold at designated locations or use tokens as collateral for loans at Bank Melli (10 grams or more).
• AtroSilver Token (آتروسیلور) Silver-backed digital token offered by Atropars in partnership with Phoenix Pars, mirroring the AtroGold structure for silver exposure.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• Phoenix Pars (ققنوس پارس)coreTechnology or IntegrationAtropars has established a contract with Phoenix Pars as the issuance platform for their gold tokens (Atrogold/Atrosilver). Through this partnership, the company can sell up to 12 tons of gold per year in tokenized form, with physical gold stored in bank vaults and equivalent tokens released to customers.
• Bank Melli (بانک ملی)coreOthersAtropars gold tokens can be used as collateral for loans at Bank Melli without requiring physical presence at bank branches. Customers holding 10 grams or more of gold tokens can use them as security for loans. The company states this service will soon be expanded to other banks.

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Tether Gold (XAUT): Digital token issued by Tether, each token representing one troy ounce of physical gold held in a Swiss vault. Directly comparable to Atropars' AtroGold token concept (digital representation of physical gold), though XAUT operates globally and trades on major exchanges.
• Paxos Gold (PAXG): ERC-20 token backed by physical gold stored in Brink's vaults, with each token representing one fine troy ounce. Comparable to AtroGold as a tokenized gold product, but PAXG is regulated in the US and globally tradeable.

Direct peers

• Valcambi: Swiss precious metals refinery offering minted gold bars in various weights and custom production. Directly comparable to Atropars' gold bar manufacturing and refining activity using specialized industrial equipment.
• PAMP Suisse: Swiss-based LBMA-accredited precious metals refiner producing investment-grade gold bars and minted products across multiple weights. Directly comparable to Atropars as a gold bar manufacturer using industrial refining lines, though PAMP operates at significantly greater global scale and brand recognition.
• Argor-Heraeus: Switzerland-based precious metals refiner producing standardized gold bars (including the popular Kinebar) for banks and investors. Closely comparable to Atropars in core activity — refining and minting 24-karat gold bars — but with a global, LBMA-certified distribution network.
• Emirates Gold (DMCC): UAE-based gold refiner and bar manufacturer serving Middle East markets, offering LBMA-accredited products in multiple weights. Closely comparable to Atropars as a regional gold refiner/mint, though operating from a Dubai base with stronger international access.

Others

• Phoenix Pars (ققنوس پارس): Iranian tokenization platform issuing AtroGold and AtroSilver on behalf of Atropars, with physical gold stored in bank vaults. Listed as an ecosystem partner rather than a competitor, but functionally comparable as a gold token issuance infrastructure provider in the Iranian market.

Broad incumbents

• Royal Canadian Mint: Canadian government-owned mint producing standardized gold bars (e.g., Maple Leaf) and bullion products in multiple weights. Comparable to Atropars' gold bar business but operates at sovereign scale with far broader product portfolio including legal tender coins.
• The Perth Mint: Australian government-owned precious metals mint producing gold bars and coins. Comparable as a sovereign precious-metals mint offering standardized gold bars in various weights, though at much larger scale with government backing.

Regional players

• Kilo Gold Refinery (Turkey): Istanbul-based precious metals refinery producing LBMA-accredited gold bars in standard weights for the Middle East and Turkish markets. Comparable to Atropars as a regional precious metals refiner producing standardized gold bars, operating in a nearby geography but with international LBMA access.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/atropars

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Atropars