Bahrain has officially launched its first regulated digital assets exchange, ATME, during the FinTech Forward 2024 event hosted by the Bahrain Economic Development Board (EDB). Licensed by the Central Bank of Bahrain (CBB), ATME aims to democratise access to previously illiquid assets by enabling fractional ownership through tokenisation.
ATME’s platform is built on a private blockchain network and facilitates the conversion of real-world assets into digitally tradable tokens. This innovation allows businesses to raise capital through more cost-effective methods, while investors can access high-value opportunities for portfolio diversification. The platform offers digital representations of traditional financial instruments such as debt and equity, broadening the investment landscape.
“Thanks to the CBB’s progressive framework, and the EDB’s support, we have launched ATME in one of the world’s first jurisdictions to regulate the tokenisation of real-world assets,” said Alex Lola, CEO of ATME.
The platform ensures a secure trading environment by restricting access to authorized participants who have completed stringent KYC and AML compliance procedures. By incorporating the enterprise-grade Hyperledger Fabric framework, ATME optimizes the capital-raising process and enhances investment potential.
Bahrain’s Sustainable Development Minister and EDB CEO, Noor Al Khulaif, emphasized the country’s commitment to creating a business-friendly environment, attracting innovators in financial services, fintech, crypto assets, and AI-led services.
ATME is expected to play a pivotal role in Bahrain’s economic diversification strategy, reinforcing the kingdom’s status as a leading regional hub for fintech and disruptive technologies.
