Coinbase Wins Abu Dhabi Approval to Launch Tokenized Securities Starting with Apple
COIN is trading near its 52-week low of $139.11 (5.7% above the low).
Summary
Coinbase secured a Financial Services Permission from Abu Dhabi Global Market's regulator to arrange and custody tokenized securities. The approval includes a prospectus for Apple CB Certificates, representing beneficial interests in Apple stock, issued by a newly formed ADGM special purpose vehicle. This marks a concrete step into regulated tokenized equities, expanding beyond crypto-native products. The move follows a series of international license wins—MiCA in Luxembourg and FCA approval in the UK—and comes as Coinbase reported a $359.5 million Q2 loss. Tokenized securities could open a new revenue stream, though adoption hinges on liquidity. The Apple-linked certificates will serve as an early demand test.
At the time of this announcement, COIN was trading at $146.99 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $38.8B. The 52-week trading range was $139.11 to $402.16. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Finance Magnates.