Abu Dhabi’s bid to become a global hub for digital assets got a major boost last week when crypto exchange giant, Coinbase, announced it is establishing an international “tokenization hub” in the emirate.
Based out of Abu Dhabi Global Market (ADGM), the emirate’s financial centre, Coinbase has been granted a license to arrange investment deals and provide custody for tokenized securities. Custody essentially means safely holding and managing the digital ownership records for assets and is therefore important for giving institutional investors confidence.
