Summary
- 'Bahrain Exchange' ATME has entered the real-world asset tokenization market by launching gold-based tokens, according to reports.
- Each token is linked to 1kg of physical gold and can be traded on ATME's secondary market or exchanged for physical gold, they announced.
- ATME reported plans to expand to various asset types beyond gold.
According to cryptocurrency media Coindesk on the 11th (local time), Bahrain-based cryptocurrency trading platform ATME has entered the Real World Asset tokenization (RWA) market by launching gold-based tokens.
Each token is linked to 1kg of physical gold and can be traded on ATME's secondary market or exchanged for physical gold.
This initiative aims to modernize gold ownership by utilizing blockchain technology to solve storage and transportation issues for efficiency and security.
Meanwhile, the exchange plans to expand to various asset types beyond gold in the future.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
