[Coinbase Obtains Abu Dhabi License to Establish Global Security Tokenization Hub] Coinbase announced that it has obtained a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The company will establish an international security tokenization hub in ADGM, enabling investment matchmaking and custody services, as well as the issuance of security tokens fully backed by underlying stocks. Token holders at licensed addresses will enjoy shareholder dividends and voting rights. Investors do not need a securities account or corresponding banking relationship; participation is possible with just a wallet. All transfers will undergo sanctions screening, and the platform can freeze or seize assets at the wallet level. This hub will serve as Coinbase's on-chain capital market and core infrastructure for security tokenization in Abu Dhabi, forming one of its two major overseas business hubs in the UAE alongside its global derivatives business in Dubai.