CoinDesk·3 min read·medium
Coinbase picks Abu Dhabi for its global tokenized asset push
K
Krisztian Sandor
✦AI Summary
Coinbase has secured regulatory approval from Abu Dhabi's Financial Services Regulatory Authority to provide custody and investment services for tokenized assets. The company intends to use this license to offer digital securities backed by real-world assets, further expanding its institutional footprint in the Middle East.
The company said Tuesday it received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), allowing it to arrange investment deals and provide custody for tokenized securities.
businesscryptotechnology
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