Coinbase establishes Abu Dhabi tokenization hub

Crypto exchange Coinbase has established Abu Dhabi as its "international tokenization hub," basing operations at the Abu Dhabi Global Marketplace (ADGM). From this location, Coinbase will offer licensing to arrange deals in investments and securely hold digital assets to facilitate tokenized securities backed by real shares. This move is part of Coinbase's broader expansion in the UAE, emphasizing the development of a global financial system.