Coinbase Expands Tokenized Securities Offerings in Abu Dhabi
Coinbase has secured a Financial Services Permission (FSP) from the FSRA in the UAE, allowing it to expand its tokenized securities offerings. The license enables Coinbase to conduct investment deals and offer custody services in Abu Dhabi.
The ADGM issued one of the world's first regulatory frameworks for virtual assets in 2018, reflecting a commitment to innovation-forward regulation. Coinbase plans to establish an international tokenization hub in the ADGM Square, further accelerating its ambitions in the region.
Tokenized securities registered and issued within ADGM are fully collateralized by underlying shares and overseen by the FSRA. Verified token holders are granted comprehensive shareholder rights, including entitlement to dividends and voting privileges.