Coinbase establishes Abu Dhabi tokenization hub

Coinbase, the U.S.’s largest crypto exchange, will be based out of Abu Dhabi Global Marketplace (ADGM), from where it has been granted a license to arrange deals in investments and securely hold digital assets to facilitate the launch of tokenized securities. These will be backed by real shares and issued under ADGM’s

The hub boosts the UAE’s ambitions to become a global center for digital assets.