Coinbase Expands Tokenized Securities Hub in Abu Dhabi

Coinbase has secured regulatory permission to establish an international tokenization hub in Abu Dhabi, expanding its existing operations and building on Project Diamond.

The Financial Services Regulatory Authority of Abu Dhabi Global Market has granted Coinbase Financial Services Permission to arrange investment deals and provide custody services for the planned tokenized securities business.

Securities registered and issued through the framework will be backed by underlying shares and supervised by the FSRA. Verified holders will receive economic rights tied to the assets, while certain shareholder rights, including voting, depend on vesting conditions attached to the digital securities.