Coinbase Gets Abu Dhabi Approval to Launch Global Hub for Tokenized SecuritiesCoinbase has received regulatory approval in Abu Dhabi to establish an international hub for tokenized securities, giving one of the world’s largest cryptocurrency exchanges a regulated base from which it plans to bring traditional financial assets onto blockchain networks. The Financial Services Regulatory Authority of Abu Dhabi Global Market has granted Coinbase a Financial Services Permission allowing the company to arrange investment deals and provide custody for tokenized securities. Securities issued and registered through the Abu Dhabi framework will be fully backed by underlying shares under FSRA supervision. Coinbase’s Abu Dhabi model is intended to create regulated digital securities backed by actual underlying shares. Abu Dhabi will now serve as one of the principal testing grounds for whether that vision can work at global scale.