3 months ago
ATME, a integer assets speech licensed by the Central Bank of Bahrain (CBB), said connected Tuesday it has completed its archetypal tokenized real-world plus (RWA) issuance starting with gold-backed tokens.
The tokens, disposable to accredited investors, each correspond 1 kilogram of golden stored successful custody, according to the property release. Investors tin commercialized these integer assets connected ATME’s secondary marketplace oregon redeem them for carnal gold. The inaugural aims to modernize golden ownership by eliminating retention and proscription concerns portion leveraging blockchain for ratio and security.
“By combining the timeless worth of golden with blockchain technology, we are unlocking caller ways for investors to entree and commercialized high-value assets,” Alex Lola, CEO of ATME, said successful a statement.
The speech said it plans to grow its offerings to see different plus classes, further integrating blockchain exertion into accepted fiscal systems.
ATME’s tokenized golden offering aligns with a broader inclination successful fiscal markets wherever real-world assets specified arsenic commodities, bonds and funds are progressively being digitized and traded connected blockchain rails, a process besides known arsenic tokenization. The marketplace of tokenized golden is worthy astir $1.2 billion, dominated by Paxos-issued PAXG and stablecoin issuer Tether's XAUT tokens, rwa.xyz data shows. Global slope HSBC besides introduced a golden token successful Hong Kong for retail investors past year, signaling broader adoption.
Gold-backed tokens enjoyed a resurgence successful activity precocious arsenic golden prices hit caller grounds highs propelled by a weaker dollar, mounting commercialized warfare worries and geopolitical turmoil.
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