Coinbase Says It Secured Abu Dhabi FSRA License, Plans Global Tokenization Hub
Minseung Kang
Summary
- Coinbase said it has obtained a license from Abu Dhabi’s Financial Services Regulatory Authority, or FSRA.
- The new FSRA license will allow it to offer global securities to users with wallets, the company said.
- Coinbase said it will make ADGM the hub for its global tokenization business and expand the operation with the UAE at the center.
Coinbase, the global cryptocurrency exchange, said it has obtained a license from Abu Dhabi’s Financial Services Regulatory Authority, or FSRA, in the United Arab Emirates.
In a post on X on August 11, the company said the new FSRA license will allow it to offer global securities to users with wallets.
Coinbase plans to establish Abu Dhabi Global Market, or ADGM, as the hub for its global tokenization business. It aims to expand its UAE-centered push into tokenized traditional financial assets that can be traded on blockchain.
“The next phase of global finance is on-chain,” Coinbase wrote. “We are building it in the UAE.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.