Manama, Bahrain’s regulated digital assets exchange ATME has launched at FinTech Forward 2024, which was 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 ownership fractionalisation, while opening new financing channels for businesses by reducing barriers to entry and streamlining the capital-raising process.
Based on a private blockchain network, ATME facilitates the conversion of traditionally less liquid real-world assets into digitally tradable, more liquid tokens. Tokens backed by real world assets represent a new, more convenient form of traditional financial instruments, such as debt, equity, and more, whose records are stored on a secure, permissioned blockchain. By incorporating the innovation of tokenisation into established financial instruments, ATME enables businesses to gain access to new, more cost-effective and time-efficient ways of raising capital. Mean
while, it opens doors to new, high-value investments and portfolio diversification for investors.
Built on the enterprise-grade Hyperledger Fabric framework, ATME’s platform ensures a trustworthy digital asset trading environment. By restricting access to authorized participants who have undergone rigorous Know-Your-Customer (KYC) and Anti-Money Laundering (AML) compliance, the exchange safeguards against fraud, prevents anonymity, and establishes a reliable ecosystem where both issuers and investors can seamlessly transact while ascertaining the security of their holdings and investments.
ATME provides a comprehensive range of services that optimise the capital raising process and enhance investment potential. These services encompass initial token configuration, smart contract development, token minting and distribution to secondary market trading. Expert advisory is also provided on structuring, guidance on choosing the right token types, and investor onboarding. This holistic approach to service deliver
y allows businesses to focus on growth and investors to capitalise on new opportunities.
Bahrain has consistently demonstrated its keenness towards utilising disruptive technologies, establishing itself as a regional FinTech leader through initiatives like Bahrain FinTech Bay and the Regulatory Sandbox. By creating a fertile ground for startups and established players to develop novel products and services, the Kingdom cements its position as a global hub for financial services.
With comprehensive regulatory backing and a commitment to compliance, ATME is poised to contribute significantly to Bahrain’s economic diversification efforts, further elevating the Kingdom’s prominence in the global FinTech landscape.
Source: Bahrain News Agency
