Bahrain – ATME, a regulated digital assets exchange, has officially launched during FinTech Forward 2024, hosted by the Bahrain Economic Development Board (EDB). Licensed by the Central Bank of Bahrain (CBB), ATME aims to democratize access to previously illiquid assets through fractional ownership and tokenization.
ATME’s platform, built on a private blockchain network, converts real-world assets into digitally tradable tokens, representing a modernized form of traditional financial instruments such as debt and equity. This enables businesses to raise capital more efficiently while offering investors new opportunities for high-value investments and portfolio diversification.
ATME’s CEO, Alex Lola, expressed gratitude for the CBB’s regulatory framework, saying, “We have launched ATME in one of the world’s first jurisdictions to regulate the tokenization of real-world assets, thanks to the CBB’s progressive approach.”
Noor Al Khulaif, Bahrain’s Sustainable Development Minister and EDB Chief Executive, emphasized the Kingdom’s commitment to fostering a business-friendly environment that attracts industry leaders across fintech, crypto assets, and AI-led digital services.
ATME’s secure platform ensures only authorized participants, having passed strict KYC and AML checks, can access the digital asset trading environment. Using the Hyperledger Fabric framework, the platform offers a comprehensive range of services that optimize the capital-raising process and enhance investment opportunities.
ATME’s launch is seen as a pivotal move towards supporting Bahrain’s economic diversification efforts and strengthening its position in the global fintech industry. Dalal Buhejji, EDB’s Executive Director for Financial Services, praised Bahrain’s leadership in fintech, citing initiatives like Bahrain FinTech Bay and the regulatory sandbox as key contributors to the country’s success as a regional financial services hub.
