Coinbase Global (COIN) has received a financial services permission from the Financial Services Regulatory Authority to establish its international tokenization hub in ADGM, the international financial center of Abu Dhabi, ADGM said Thursday.
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 get full shareholder rights, including dividends and voting, ADGM said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments