Coinbase Opens Abu Dhabi Tokenization Hub With FSRA Approval

Coinbase has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), enabling it to build an international tokenized securities hub in the UAE. The approval allows Coinbase to arrange investment deals and provide custody services for its planned tokenized securities and onchain capital markets. The company says the hub will focus on moving traditional financial assets to blockchain networks, letting eligible investors use digital wallets instead of relying on traditional brokerage accounts to access and transfer tokenized securities. Assets issued and registered through ADGM would be backed by underlying shares, with shareholder rights subject to each security’s prospectus.