Bahrain, October 2024 – ATME, a regulated digital assets exchange, has officially launched during FinTech Forward 2024, an event 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, marking a new chapter in Bahrain’s fintech and financial services landscape.
ATME is built on a private blockchain network and facilitates the tokenization of real-world assets into digital tokens, representing traditional financial instruments like debt, equity, and more. This groundbreaking approach offers businesses more cost-effective capital-raising options while providing investors with new high-value opportunities for portfolio diversification.
Leadership and Vision
Alex Lola, CEO of ATME, emphasized Bahrain’s progressive regulatory environment, stating, “Thanks to the CBB’s forward-thinking framework and the support of the EDB, we have successfully launched ATME in one of the world’s first jurisdictions to regulate the tokenization of real-world assets.”
This sentiment was echoed by Bahrain’s Minister of Sustainable Development and EDB Chief Executive, Noor Al Khulaif, who highlighted ATME’s role in advancing the kingdom’s digital economy. “The launch of ATME underscores Bahrain’s commitment to creating a business-friendly environment that continues to attract industry leaders across fintech, financial services, crypto assets, and AI-led digital services.”
Advanced Security and Regulatory Compliance
ATME’s platform ensures a secure and trustworthy environment for digital asset trading by restricting access to participants who have passed stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) checks. Built on the enterprise-grade Hyperledger Fabric framework, the platform provides a comprehensive range of services designed to streamline capital-raising processes and maximize investment potential.
With robust regulatory backing from the CBB, ATME is set to play a pivotal role in Bahrain’s ongoing economic diversification efforts, further enhancing the kingdom’s position on the global fintech map.
Bahrain’s Growing Fintech Ecosystem
Dalal Buhejji, Executive Director of Business Development for Financial Services at the EDB, highlighted Bahrain’s leadership in fintech innovation. “Bahrain has continuously demonstrated its commitment to leveraging disruptive technologies, positioning itself as a regional fintech leader through initiatives like Bahrain FinTech Bay and the regulatory sandbox. By nurturing both startups and established players, the kingdom continues to evolve as a global hub for financial services.”
As ATME sets its sights on driving the future of tokenized assets, the platform is expected to contribute significantly to Bahrain’s fintech growth and its emergence as a key player in the digital assets sector.
