According to CoinMeta, Coinbase has recently received approval from the Abu Dhabi Global Markets Financial Services Regulatory Authority, allowing it to arrange investment transactions in that region. This approval lays the foundation for Coinbase to establish a compliant securities market in Abu Dhabi, with the aim of facilitating the circulation of regulated securities through blockchain wallets. Coinbase stated that this strategy will combine regulated ownership rights, direct wallet access, and blockchain transfer infrastructure. The company plans to deploy a local team in Abu Dhabi to drive the development of its tokenized securities business.