Overview
- Coinbase received authorization from the Abu Dhabi Global Market regulator on Tuesday, August 11, 2026, to establish an institutional tokenization hub that can arrange investment deals and provide custody for tokenized securities.
- The FSRA permission formalizes Project Diamond’s earlier blueprint and creates a regulated pathway for issuing, registering and trading digital-native securities under ADGM oversight.
- In July 2026 Coinbase reportedly took about $75 million of on‑chain exposure to a Mubadala Capital tokenized private‑markets fund, a move described in reporting as an early example of institutional use of regulated tokenized assets.
- The company’s announcement did not name or launch any specific token, and markets continue to treat a Coinbase/Base token as unconfirmed with prediction markets pricing roughly a 9.5% chance of a launch by December 31, 2026.
- ADGM has run a virtual-asset regulatory framework since 2018 that treats tokenized securities as regulated products, and analysts say the new hub could cut settlement times, broaden access to private-market investments, and shift how institutions custody and trade assets onchain.