Coinbase picks Abu Dhabi for its global tokenized asset push

FinanceCoinbase picks Abu Dhabi for its global tokenized asset pushThe crypto exchange said it secured regulatory approval to offer tokenized securities from Abu Dhabi as the emirate deepens its push into onchain finance.By Krisztian Sandor|Edited by Jamie Crawley1 hr ago2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShowCoinbase is establishing an international tokenization hub in Abu Dhabi, securing a Financial Services Permission from the Abu Dhabi Global Market’s regulator to arrange investment deals and custody tokenized securities.The exchange plans to issue and register digital securities backed by underlying shares under Abu Dhabi oversight, positioning them as securities, blockchain-native tokens and DeFi-composable assets.The new Abu Dhabi operation, alongside Coinbase’s derivatives business in Dubai and earlier initiatives such as Project Diamond, deepens the company’s UAE footprint as Abu Dhabi seeks to be a leading test bed for tokenization.Coinbase (COIN) is setting up its international tokenization hub in Abu Dhabi, giving the crypto exchange a regulatory base for bringing traditional securities onchain outside the U.S.The company said Tuesday it received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), allowing it to arrange investment deals and provide custody for tokenized securities.Coinbase said it plans to use the license to offer digital securities backed by underlying shares. The tokens will be registered and issued in ADGM under FSRA oversight.The move comes as tokenization is gaining traction across traditional finance, with global asset managers and banks putting funds, bonds, private credit and stocks on blockchain rails. Supporters see the technology as a way to make securities easier to transfer around the clock, settle trades near instantly, and eventually use them as collateral in onchai…

Coinbase picks Abu Dhabi for its global tokenized asset push

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