Bahrain introduces gold-backed tokens with central bank support, allowing secure and modern gold investments without physical storage challenges.
Under the supervision of ATME Bahrain, a digital exchange, the first gold-backed tokens in the kingdom have been launched with the support of the central bank. Each token represents one kilogram of gold, allowing reputable investors to securely and modernly invest in gold without the challenges of physical storage. Alex Lola, CEO of ATME, sees this initiative as a significant step in combining gold stability with blockchain technology and intends to expand this platform to include other asset classes. This move will help strengthen financial inclusivity in the region. The launch of these tokens demonstrates Bahrain’s progress in digital assets and efforts to attract investors to emerging financial markets.
