Coinbase Wins Tokenization Hub Permit in Abu Dhabi

Coinbase has secured a Financial Services Permission (FSP) to build a tokenization hub in Abu Dhabi, marking another significant step for the exchange's expansion into the region.

The permission allows Coinbase to operate a digital asset service provider in Abu Dhabi and support the growth of the city's financial sector. This move is part of Coinbase's strategy to establish itself as a major player in the global tokenization market.

Separately, ADI Chain and Shipfinex have partnered to tokenize a pipeline of 35 vessels valued at $500 million. The tokens will represent vessel-backed assets, enabling more efficient ownership and trading.