Coinbase Launches Tokenization Hub in Abu Dhabi

Coinbase has established its tokenization hub in Abu Dhabi after receiving Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA).

This license will allow Coinbase to arrange deals in investments and provide custody, facilitating the launch of tokenized securities.

The tokenization hub is part of a broader commitment by Coinbase to the UAE, with plans to establish two major global businesses: a hub for tokenized securities and onchain capital markets, and a global hub for derivatives.

Coinbase's Co-CEO Brett Tejpaul said that Abu Dhabi's progressive regulatory framework is a key factor in their decision, allowing them to develop responsible blockchain-enabled financial services at scale.