Coinbase Secures Abu Dhabi Hub for Tokenized Securities

Coinbase has secured regulatory permission in Abu Dhabi to establish an international tokenization hub for tokenized securities. The exchange will arrange investment deals and provide custody services for the planned tokenized securities business.

The hub is a significant step towards building infrastructure for a more open, accessible global financial system, according to Coinbase.

Coinbase's expansion in Abu Dhabi builds on its existing operations in the emirate, including Project Diamond. The platform issued digital debt products for institutional users and has since integrated Chainlink's Cross-Chain Interoperability Protocol.