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Coinbase picks Abu Dhabi as international tokenization hub
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News EditorFortune reported that Coinbase has chosen Abu Dhabi in the United Arab Emirates as its “international tokenization hub.” The exchange plans to use the center to advance tokenization of real-world assets, or RWA, and bring more traditional financial assets onto blockchain rails. The report said the move is also seen as a step forward for Abu Dhabi as it works to attract global crypto and fintech companies. Coinbase will look to the emirate’s regulatory environment and policy support as it expands in the Middle East and beyond. Abu Dhabi has spent recent years building out its digital asset rulebook and drawing more crypto firms to the market.
Fortune reported that Coinbase has chosen Abu Dhabi in the United Arab Emirates as its “international tokenization hub.”
The exchange plans to use the center to push forward tokenization of real-world assets, or RWA, with the goal of bringing more traditional financial assets onto blockchain rails.
The report said Abu Dhabi has spent recent years building out its digital asset regulatory framework and attracting a growing number of crypto firms. Coinbase intends to use that regulatory setting and policy support to broaden its footprint in the Middle East and in international markets.
The move is being viewed as another step in Abu Dhabi’s effort to draw global crypto and fintech companies.
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