Atme, an exchange of digital assets under license by the central bank of Bahrain (CBB), said on Tuesday that he had finished his first program of real assets (RWA) tokenized (RWA) from gold tokens.
The tokens, available for accredited investors, each represent a kilogram of gold stored in detention, according to the press release. Investors can exchange these digital assets on the secondary atme market or buy them against physical gold. The initiative aims to modernize gold property by eliminating storage and transport problems while taking advantage of blockchain for efficiency and safety.
Read more: Tokenization allows more effective collateral transfers, a digital asset, a Eurocleaire gold council and the world found in the pilot project
“By combining the timeless value of gold with blockchain technology, we unlock new ways for investors to access and exchange assets of great value,” Alex Lola, CEO of Atme, in a statement.
The exchange said that it was planning to extend its offers to include other asset classes, further incorporating blockchain technology into traditional financial systems.
Atme’s tokenized gold token offer is aligned with a broader trend in financial markets where active active people such as basic products, bonds and funds are increasingly digitized and negotiated on blockchain rails, a process also known as tokenization. The tokenized gold market is worth around 1.2 billion dollars, dominated by the PAXG and the PAXOS Stablecoin transmitter, the Xaut, Rwa.xyz data, the data. Global Bank HSBC also introduced a gold token in Hong Kong for retail investors last year, reporting a wider adoption.
Golden back tokens have recently experienced an activity resurgence while gold prices have reached new record summits powered by a lower dollar, the concerns of the trade war and geopolitical turbulence.
