Bahrain: First Digital Assets Exchange Launched
Zawya, 4 October 2024: ATME, a regulated digital assets exchange in Bahrain, has officially launched at FinTech Forward 2024, hosted by the Bahrain Economic Development Board (EDB).
Licensed by the Central Bank of Bahrain (CBB), ATME aims to democratise access to a wide range of previously illiquid assets through fractional ownership.
Built on a private blockchain network, ATME facilitates the conversion of real-world assets into digitally tradable tokens.
These tokens represent a new, more convenient form of traditional financial instruments, such as debt, equity, and more.
By incorporating tokenisation, ATME enables businesses to gain access to new, more cost-effective ways of raising capital.
Meanwhile, it opens doors to new, high-value investments and portfolio diversification for investors.
ATME’s platform ensures a trustworthy digital asset trading environment by restricting access to authorised participants who have undergone rigorous KYC and AML compliance.
By incorporating the enterprise-grade Hyperledger Fabric framework, ATME provides a comprehensive range of services to optimise the capital raising process and enhance investment potential.
With comprehensive regulatory backing, ATME is poised to contribute significantly to Bahrain’s economic diversification efforts and further elevate the country’s prominence in the global fintech landscape.
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