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first_img Coinbase obtains ADGM license to build a tokenized securities hub

The cryptocurrency exchange platform Coinbase has obtained a Financial Services License (FSP) issued by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This license allows it to arrange investment transactions and provide custody for tokenized securities. Coinbase describes this license as the regulatory foundation for its international tokenization hub and the first of its two major non-U.S. institutional businesses established in the UAE, the other being its derivatives business in Dubai.According to the scope of the license, the FSP covers the arrangement and custody of tokenized stocks fully backed by underlying shares. Holders of digital securities can gain economic exposure such as dividends, while voting rights and redemption rights are subject to the conditions outlined in each prospectus. Coinbase states that investors only need a crypto wallet to trade, and secondary transfers do not require a brokerage account or banking relationship, but redeeming profits for fiat currency still requires a bank or brokerage account.Brett Tejpaul, Co-President of Coinbase Institutional: Currently, there is no major financial center that has established a framework that simultaneously regards tokenized stocks as securities, blockchain-native tokens, and composable DeFi assets. Arvind Ramamurthy, Chief Market Development Officer of ADGM, stated that the Coinbase hub reflects the center's progressive, robust, and internationally aligned regulatory framework. The FSRA issued its first virtual asset rules in 2018, which include protective measures such as sanctions screening and the ability to freeze or seize assets at the wallet level. ADGM applies English common law, and the FSRA's authority differs from that of the UAE Securities and Commodities Authority; registered entities do not automatically obtain a passport in other Gulf Cooperation Council jurisdictions.

Gate US has obtained the MTL license in Massachusetts, increasing the total number of state-level compliance licenses in the United States to 37

After successfully obtaining the Money Transmitter License (MTL) in Florida in July, Gate US has now received the MTL license in Massachusetts this month. So far, the platform has obtained 37 state-level compliance licenses in the United States, covering 47 states and regions. Areas without licenses can conduct related business without such qualifications. This approval further solidifies Gate US's regulatory foundation in the U.S. market and marks another important milestone in its implementation of a global compliance strategy and deepening localized operations.Massachusetts requires money transmission institutions to meet strict standards in financial condition, compliance controls, and operations. Gate US has met these requirements and has been granted the license. Currently, Gate US has established a comprehensive compliance service system in key jurisdictions such as Massachusetts, Florida, Illinois, Ohio, and Pennsylvania.Globally, multiple entities under Gate have obtained regulatory registrations, authorizations, and related compliance licenses in various countries and regions, including Malta, the Bahamas, Japan, the United States, Australia, and Dubai. In the future, Gate US will continue to uphold the principles of safety, transparency, and long-term development, deepen compliance efforts in the U.S. market, and continuously provide trustworthy digital asset services to global users.
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