ATME Partners with Bahrain FinTech Bay to Revolutionize Capital Markets
Strategic partnership set to drive the adoption of digital assets in Bahrain and the wider region.
Manama, Bahrain – 9 October 2024: Bahrain's regulated digital assets exchange ATME has announced a strategic partnership with Bahrain FinTech Bay (BFB) to drive the adoption of tokenized real-world assets (RWAs) in the Kingdom and the wider region.
The partnership will see the two organizations work together in targeted initiatives aimed at raising awareness around the benefits of RWA tokenization, increasing knowledge about regulatory considerations, and promoting the opportunities that digitized assets can provide for businesses and investors.
Operating under the Central Bank of Bahrain's (CBB) regulations, ATME's digital exchange aims to create new avenues for businesses seeking funding and investors pursuing diversification by enabling fractional ownership of less liquid assets like private equity, private debt, commodities, and more. The company's secure trading platform offers a compliant marketplace for exploring new capital-raising and alternative investment prospects, contributing to Bahrain's prominence as a regional fintech hub.
Alex Lola, the Chief Executive Officer of ATME commented on the initiative: "Joining forces with Bahrain FinTech Bay is an exciting opportunity for us to scale our vision of transforming capital markets through real-world asset tokenization. Bahrain's progressive regulatory framework makes it an ideal environment for us to deliver our platform. We look forward to working closely with BFB to drive innovation in the financial sector and stimulate economic growth in the region."
Suzy Al Zeerah, Chief Operating Officer of Bahrain FinTech Bay added, "The collaboration with ATME is a significant step in advancing Bahrain's fintech ecosystem and further innovation in blockchain that supports established financial instruments. Tokenizing real-world assets is a groundbreaking opportunity for investors, as well as for businesses seeking to raise capital and we are proud to support ATME's innovative platform. Together, we are committed to reinforcing Bahrain's position as a global leader in fintech innovation."
The partnership aligns with Bahrain's strategic vision to drive sustainable economic development through the adoption of cutting-edge technologies. By teaming up, ATME and BFB are set to unlock new possibilities for businesses and investors by offering them a secure, compliant, and innovative approach to participate and grow in capital markets.