NASSAU, Bahamas, June 23, 2021 – Arawak X, a new Crowdfunding platform and stock exchange that is licensed and regulated by the Securities Commission of The Bahamas, is set to go live in early July, with initial listings featuring companies in the health, high tech, tourist attraction and agribusiness.
“We opened ArawakX.com to ensure that all Bahamians would have equal access to invest in fast-growing startups that operate from The Bahamas,” said D’Arcy Rahming Sr., on his Facebook page on Wednesday, June 23, in a caption that accompanied photo of him and his son D’Arcy Jr. standing in front ArawakX Sandyport Church Street offices.
“It is a matter of social justice and commonsense that you should be an owner as well as a consumer,” added D’Arcy Rahming Sr., Chairman and CEO of ArawakX.
In an earlier press release announcing that ArawakX was set to go live in early July, D’Arcy Rahming Jr., Chief Technology Officer and spokesperson for ArawakX, said: “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.”
Rahming said 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 said. “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.”
Chairman and CEO D’Arcy Rahming Sr. 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.
Other members of ArawakX executive management team are 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.
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
