Coinbase Gets Abu Dhabi Approval for Tokenized Securities

Coinbase has secured Abu Dhabi regulatory approval to arrange investment deals and provide custody for tokenized securities.

The authorization, which covers arranging investment deals and providing custody services, gives Coinbase a regulated base within ADGM, Abu Dhabi's international financial center, for issuing and servicing digital securities linked to traditional financial assets.

Under the planned structure, Coinbase will register and issue the securities in ADGM under FSRA supervision. Each tokenized security will be backed by an underlying share, with eligible verified holders receiving rights connected to the represented stock, including dividend and voting rights, subject to the terms contained in the relevant prospectus.