Coinbase secures Abu Dhabi license for tokenized securities

Coinbase has secured Abu Dhabi regulatory approval to arrange investment deals and provide custody as it prepares an international hub for tokenized securities and onchain capital markets. Summary Coinbase has received Financial Services Permission from Abu Dhabi Global Market’s financial regulator. The authorization covers arranging investment deals and providing custody for tokenized securities. Eligible token holders will receive shareholder rights, including dividends and voting rights. Coinbase plans to operate major tokenization and derivatives businesses from Abu Dhabi and Dubai. Coinbase secures approval for tokenized securities Coinbase said in an announcement published by Abu Dhabi Global Market that the Financial Services Regulatory Authority had granted the exchange Financial Services Permission to arrange investment deals and provide custody services. Coinbase has established Abu Dhabi (ADGM) as our international tokenization hub.Our newly acquired FSRA license means that we can now bring global securities to anyone with a wallet.The next frontier of global finance is onchain, and we're building it from the UAE. pic.twitter.com/nwPvHrWJYw— Coinbase 🛡️ (@coinbase) Augus...