How the UAE has emerged as a ‘leading light’ for tokenization
Coinbase's decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate's bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.
Coinbase's decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate's bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.
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Why it matters
The UAE's emergence as a hub for tokenization, highlighted by Coinbase's global tokenization center in Abu Dhabi, signals notable market activity with potential to influence digital asset adoption and credit-market innovation in the GCC region, but it remains an evolving development without immediate systemic impact.
Sources
Fortune
How the UAE has emerged as a ‘leading light’ for tokenization
Coinbase's decision to base its global tokenization hub in Abu Dhabi is the latest sign that the emirate's bet on regulated digital assets is paying off—with $500 billion in GCC assets predicted to move onto blockchain by 2030.