Bahrain’s ATME Launches Gold-Backed Tokens

Bahrain’s ATME, a regulated digital asset exchange, has launched gold-backed tokens, a first in the Kingdom, with the support of the Central Bank of Bahrain.

These tokens, each representing one kilogram of gold, provide accredited investors a secure and modern way to invest in gold without the challenges of physical storage.

ATME’s CEO, Alex Lola, highlights this as a significant step, combining gold’s stability with blockchain technology. The company plans to expand the platform to include other asset classes, fostering financial inclusivity in the region.