Coinbase Secures Regulatory Approval for Tokenized Securities Platform in Abu Dhabi
Coinbase has secured a significant regulatory approval to expand its presence in the Middle East.
The company has obtained a financial services permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), which will allow it to launch a tokenized securities platform.
This platform will enable investors to trade tokenized stocks, which are fully backed by actual shares and offer shareholder rights such as dividends and voting.
The license from ADGM's FSRA enables Coinbase to provide investment-dealing intermediation and custody services within the jurisdiction.