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2 clusters · 13 sources · 8 days · First seen · Last updated

Abu Dhabi digital asset and tokenization expansion

Overview

Abu Dhabi is expanding its role as a global digital asset hub through new institutional licensing and stablecoin integration within the Abu Dhabi Global Market (ADGM).

Coinbase secured Financial Services Permission from the Financial Services Regulatory Authority (FSRA) to arrange investment deals and provide custody services for tokenized securities. The company intends to use Abu Dhabi as its primary international hub for tokenization and derivatives businesses outside the United States, planning to issue digital securities backed by traditional financial assets.

Furthering the region's digital footprint, Bitcoin.com and Universal Digital Intl Limited partnered to integrate USDU into their product suite. USDU is a CBUAE-registered USD stablecoin issued under FSRA regulation in the ADGM, representing the first registered Foreign Payment Token under the Central Bank of the UAE’s Payment Token Services Regulation.

Entities

Coinbase · Abu Dhabi Global Market · Universal Digital Intl Limited · Bitcoin.com · Central Bank of the UAE

Timeline

  1. 7 days ago

    [BUSINESS] 6 sources
    Abu Dhabi expands digital asset footprint via Coinbase and USDU integration

    Abu Dhabi expands its digital asset ecosystem as Coinbase opens a tokenization hub in ADGM and Bitcoin.com integrates the regulated USDU stablecoin.

  2. 15 days ago

    [BUSINESS] 8 sources
    Coinbase secures Abu Dhabi license for tokenized securities

    Coinbase has secured regulatory approval from Abu Dhabi’s FSRA to establish an international tokenization hub, enabling the issuance and custody of digital securities linked to traditional assets.

Sources

ambcrypto.com · bitcoinethereumnews.com · blockchainreporter.net · chainwire.org · coolmagazin.com · crypto.news · cryptobriefing.com · cryptonomist.ch · dailyguardian.ae · eurweb.com · finance.technews.tw · fintechnews.sg · world-today-news.com