Coinbase Global Secures Tokenization Hub Approval in Abu Dhabi
Coinbase Global has received approval to establish an international tokenization hub in Abu Dhabi's Financial Services Regulatory Authority (FSRA), allowing it to arrange deals in investments and provide custody for fully backed tokenized securities with shareholder rights.
The ADGM hub combines securities regulation with blockchain-native and DeFi-composable features, enabling investors to hold tokenized equities directly in wallets while maintaining sanctions screening and wallet-level enforcement.
This move supports Coinbase's thesis of turning its regulatory-first infrastructure into a durable, diversified onchain financial platform.
However, the near-term reality remains that soft trading volumes and ongoing losses are key catalysts and risks for the company.
Coinbase is trying to grow higher margin services alongside trading, which could matter if transaction revenue remains pressured.