Coinbase has secured regulatory approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi to set up its international tokenization hub within the Abu Dhabi Global Market (ADGM). This authorization represents a significant step for the U.S.-based cryptocurrency exchange as it expands its institutional tokenization infrastructure in the region. The FSRA oversees virtual asset activities in the ADGM and requires firms to obtain authorization for regulated crypto and token-related services. This decision reinforces the ADGM’s role as a key hub for institutional digital asset and tokenization businesses in the United Arab Emirates. Prediction markets currently price the likelihood of a Base token launch by December 31, 2026, at 9.5%.
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