Coinbase Wins Abu Dhabi License for Global Tokenization Hub

Coinbase has secured a Financial Services Permission from the Financial Services Regulatory Authority of Abu Dhabi Global Market (ADGM) to build an international tokenization hub.

The permission allows Coinbase to arrange deals in investments and provide custody, paving the way for the launch of tokenized securities.

Tokens backed 1:1 by underlying shares will be available only in eligible jurisdictions outside the US, and verified token holders will receive shareholder rights including dividends and voting.

The company claims that four billion people worldwide cannot access capital markets, with this license being its first step towards changing that.