American cryptocurrency exchange Coinbase has received a Financial Services Permission from the FSRA to establish its international tokenization hub in ADGM, the international financial centre of Abu Dhabi, the Capital of the United Arab Emirates, the company said.

This is the most significant step it has taken yet toward building the infrastructure for a more open, more accessible global financial system.

Coinbase has received the license from the FSRA of ADGM, clearing us to arrange deals in investments and provide custody in order to facilitate its launch of tokenized securities.

This is the foundation for its international tokenization hub in Abu Dhabi.

4bn people worldwide cannot access capital markets. Not because they lack the means, but because the system was never built for them. Investable opportunities are out of reach, and the cost of participation is too high. This license is the first step toward changing that, the company said.

The tokenized securities registered and issued in ADGM are fully backed by underlying shares under the supervision of the FSRA and are verified by token holders, who receive full shareholder rights, including dividends and voting.

This launch is part of a broader commitment to the UAE. Through its investments in Abu Dhabi and Dubai, Coinbase is establishing two of our most ambitious global businesses outside the United States: a hub for tokenized securities and onchain capital markets, and a global hub for derivatives.

Together, they reflect the entity's confidence in the UAE as a home for the next generation of financial infrastructure.