ATME, a licensed digital assets exchange in Bahrain, has completed its first tokenized real-world asset (RWA) issuance, starting with gold-backed tokens. The tokens represent one kilogram of gold stored in custody and can be traded on ATME's secondary market or redeemed for physical gold. This initiative aims to modernize gold ownership by leveraging blockchain for efficiency and security. ATME plans to expand its offerings to include other asset classes and integrate blockchain technology into traditional financial systems. The tokenized gold market is worth around $1.2 billion and is dominated by Paxos-issued PAXG and Tether's XAUT tokens.



Other News from Today