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الخليج
Coinbase Opens Abu Dhabi Encoding Center
Coinbase has obtained a license from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi to establish an international tokenization hub at Abu Dhabi Global Market. The aim is to launch and expand the tokenized securities market. This development marks a significant step toward building a more open financial infrastructure, enabling the arrangement of transactions and custody services for tokenized securities, thereby strengthening access to global capital markets. Through this initiative, the company seeks to address the financing gap, as 4 billion people worldwide face difficulties accessing capital markets due to the design of the current financial system, which makes participation costly. Tokens registered in Abu Dhabi are fully backed and grant holders all the rights of shareholders, including profit distribution and voting rights, without the need for a brokerage account. Continuous reviews are conducted to ensure compliance with sanctions. This move comes within a flexible yet robust regulatory framework that reflects Abu Dhabi’s commitment to a supportive and internationally aligned regulatory environment. It underscores Abu Dhabi’s potential to become a leading hub for digital and decentralized finance using blockchain technology.
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