Coinbase Clears Hurdle for Tokenised Securities Hub in Abu Dhabi

Coinbase has secured approval from Abu Dhabi's Financial Services Regulatory Authority (FSRA) to establish an international tokenisation hub in the emirate.

The permission, known as a Financial Services Permission (FSP), allows Coinbase to arrange investment deals and provide custody services as it prepares to launch tokenised securities in the UAE.

The digital securities will be backed by underlying shares and issued under ADGM's regulatory framework, aiming to make capital-market participation more accessible through blockchain-based infrastructure.

Coinbase Co-CEO Brett Tejpaul said that ADGM's early development of virtual-asset regulation made it a strong base for the company's tokenisation plans.