In a landmark transfer for the tokenization of real-world belongings (RWAs), Bahrain-based ATME Alternate has accomplished its first issuance of gold-backed tokens, providing a blockchain-powered different to conventional gold funding.
The Central Financial institution of Bahrain (CBB)-licensed digital belongings alternate introduced that every token represents one kilogram of gold securely saved in custody. Accredited traders can commerce these tokens on ATME’s secondary market or select to redeem them for bodily gold.
This initiative is a part of a broader shift towards digital possession of tangible belongings, modernizing how traders entry and handle high-value commodities.
“By combining the timeless worth of gold with blockchain know-how, we’re unlocking new methods for traders to entry and commerce high-value belongings,” mentioned Alex Lola, CEO of ATME.
Tokenized commodities, significantly gold-backed digital belongings, are seeing elevated curiosity as traders search safe-haven belongings in an unsure international economic system. The marketplace for tokenized gold is presently valued at $1.2 billion, led by:
✅ PAXG (Paxos Gold)✅ XAUT (Tether Gold)
Even HSBC launched a gold token in Hong Kong final yr, signaling rising institutional adoption.
The rise in tokenized gold adoption coincides with record-high gold costs, fueled by:📉 A weakening U.S. greenback⚠️ Commerce warfare considerations🌍 Geopolitical instability
ATME’s initiative displays a bigger development in monetary markets, the place commodities, bonds, and funding funds are being more and more digitized. Tokenization streamlines possession, eliminates storage dangers, and permits for environment friendly buying and selling of historically illiquid belongings.
The alternate plans to broaden its choices past gold, integrating blockchain options into conventional finance.
With international establishments embracing RWAs, this might mark a turning level for asset tokenization within the Center East and past.
