Coinbase Gets Green Light to Launch Tokenization Hub in Abu Dhabi

Coinbase has received regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), allowing it to build a new hub for tokenized securities and onchain capital markets in the UAE.

The company says this hub will focus on bringing traditional financial assets onto blockchain networks, making it easier for investors to access and transfer eligible tokenized securities using digital wallets.

Coinbase sees tokenization as a way to reduce barriers to accessing capital markets worldwide. Around 4 billion people cannot easily access these markets due to high costs and limited access to traditional financial services.