In a landmark transfer for the tokenization of real-world property (RWAs), Bahrain-based ATME Alternate has accomplished its first issuance of gold-backed tokens, providing a blockchain-powered various to conventional gold funding.
The Central Financial institution of Bahrain (CBB)-licensed digital property trade introduced that every token represents one kilogram of gold securely saved in custody. Accredited buyers 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 property, modernizing how buyers entry and handle high-value commodities.
“By combining the timeless worth of gold with blockchain know-how, we’re unlocking new methods for buyers to entry and commerce high-value property,” stated Alex Lola, CEO of ATME.
Tokenized commodities, significantly gold-backed digital property, are seeing elevated curiosity as buyers search safe-haven property in an unsure world financial system. The marketplace for tokenized gold is at the moment valued at $1.2 billion, led by:
✅ PAXG (Paxos Gold)
✅ XAUT (Tether Gold)
Even HSBC launched a gold token in Hong Kong final 12 months, signaling rising institutional adoption.
The rise in tokenized gold adoption coincides with record-high gold costs, fueled by:
📉 A weakening U.S. greenback
⚠️ Commerce conflict considerations
🌍 Geopolitical instability
ATME’s initiative displays a bigger pattern 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 property.
The trade plans to broaden its choices past gold, integrating blockchain options into conventional finance.
With world establishments embracing RWAs, this might mark a turning level for asset tokenization within the Center East and past.