Coinbase Picks Abu Dhabi as Its Global Tokenisation Hub — Securities by Wallet, Not Brokerage

Coinbase received Financial Services Permission from Abu Dhabi Global Market's regulator on August 11, allowing it to arrange investment deals and provide custody, and named ADGM the hub for its international tokenisation business. Planned digital securities would be issued and registered in ADGM, fully backed by underlying shares, carrying dividend and voting rights subject to vesting — accessed with a wallet rather than a brokerage account. Transfers remain subject to sanctions screening and, where required, freeze or seizure; US investors aren't covered, and no launch timing or eligible markets were disclosed.