Coinbase has secured a financial services permit from Abu Dhabi Global Market's Financial Services Regulatory Authority and will set up an international securities tokenization center in ADGM. The center will provide investment matching and custody services and issue security tokens fully backed by underlying stocks. Token-holding addresses receive shareholder dividend and voting rights. Investors can participate with only a wallet, with no securities account or bank relationship required. All transfers will go through sanctions screening, and the platform can freeze or seize assets at the wallet level. Coinbase says the center will act as its on-chain capital market and tokenization infrastructure in Abu Dhabi, forming, with its global derivatives business in Dubai, two major overseas hubs in the UAE. PANews reported the news on Aug. 11.
Coinbase announced on Aug. 11 that it has obtained a financial services permit (FSP) from the Financial Services Regulatory Authority of Abu Dhabi Global Market and will set up an international securities tokenization center in ADGM.
Security tokens fully backed by underlying shares
The new center is licensed to carry out investment matching and custody services and will issue security tokens wholly backed by underlying stocks. Token-holding addresses carry shareholder dividend and voting rights. Investors do not need a securities account or linked bank relationship to participate; a wallet is enough. Every transfer will pass through sanctions screening, and the platform can freeze or seize assets at the wallet level.
Two overseas hubs in the UAE take shape
The center will serve as Coinbase's on-chain capital market and securities tokenization core infrastructure in Abu Dhabi. Together with its global derivatives business in Dubai, the two operations form Coinbase's major overseas hubs in the United Arab Emirates.
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