Coinbase Secures Abu Dhabi License for Tokenized Securities

Coinbase has secured a regulatory approval from Abu Dhabi Global Market's financial regulator to arrange investment deals and provide custody for tokenized securities.

The authorization, known as Financial Services Permission, covers arranging investment deals and providing custody services for eligible token holders who will receive shareholder rights, including dividends and voting rights.

Coinbase plans to operate major tokenization and derivatives businesses from Abu Dhabi and Dubai, with the latter serving as a base for its international derivatives operations.