NASSAU, Bahamas, June 16, 2021 — ArawakX is the new Crowdfunding platform and stock exchange that is licensed and regulated by the Securities Commission of The Bahamas.
“The primary purpose of ArawakX is to move Bahamians from consumers to owners,” says D’Arcy Rahming Jr., Chief Technology Officer and spokesperson for ArawakX. “We have targeted early-stage international startups that are resident in The Bahamas. And our rules are written for Bahamians to participate through share ownership. ArawakX itself will be a publicly traded company, so Bahamians of all financial levels will finally be able to own their own capital markets.”
Set to go live in early July, ArawakX initial listings will feature companies in the health, high tech, tourist attraction and agribusiness.
“We are changing the reality that Bahamians can only get jobs from these companies but can actually own a portion of them. When the company grows so will the potential wealth of the owner investor,” says Rahming.
Rahming claims that anyone will be able to participate even with amounts as low as twenty five dollars ($25). This is made possible through Financial Technology (FinTech) and regulations.
“Additionally, with just our initial launch we will begin to see diversification in the economy and the potential creation of hundreds of jobs,” Rahming says. “Our regulations are very robust and provide strong protections for Bahamian owners.”
He further explained that the licensing procedure involved over four years of scrutiny, hundreds of pages of application, hundreds of thousands of dollars of fees and solvency requirements and proof that the ArawakX company is viable and can operate the Exchange.
“We have welcomed the challenge because it has made us a world-class organization from the onset,” Rahming says. “We are literally completing requirements in 80 days that has taken other world class exchanges 500 days. We are able to do this because of our dynamic team of national veterans, international advisors and a cadre of highly educated young Bahamian millennials, some of whom decided to come back after being educated abroad to give back while building the country.”
ArawakX is under the leadership of Chairman and CEO D’Arcy Rahming, who was an early pioneer and Manager in the 100 million dollar GLOBEX exchange, a joint venture between the Chicago Mercantile Exchange, the Chicago Board of Trade and the French MATIF.
To round out their executive management team ArawakX has appointed: Winston Rolle, businessman and former CEO of the Chamber of Commerce as Chief of Equities; Leroy Archer, Former CEO of Heineken Bahamas, as Chief of Investor Relations; and Kenneth Donathon, former CEO of RND as Chief Community Officer.
“These successful and proven Bahamian Executives should give confidence to the Bahamian and international community,” Rahming declard. “Additionally, our rules are being designed and vetted by some of the world’s foremost authorities on exchanges. We have literally looked at dozens of Exchange rulesets and adopted the best ones to suit Bahamians so that they can grow their wealth.”
Persons wishing to find out more information can whatsapp or call 8096336 or visit and register at ArawakX.com. Also check out ArawakX’s platform at www.arawakx.com
