Coinbase has received Financial Services Permission from Abu Dhabi Global Market’s Financial Services Regulatory Authority to provide investment intermediary and custody services for its planned tokenised securities platform. The approval brings the exchange’s offering under ADGM’s regulated financial services framework. Coinbase plans to use blockchain technology to issue traditional assets, with securities backed by underlying assets and subject to FSRA oversight. The move also builds on Coinbase’s earlier tokenisation initiative, Project Diamond, in Abu Dhabi.
