Coinbase has secured regulatory approval from Abu Dhabi authorities to arrange investment deals and provide custody services for tokenised securities, Fintech News Singapore reports.

The company received a Financial Services Permission from the Abu Dhabi Global Market's Financial Services Regulatory Authority for the international hub. Securities issued under the framework will be fully backed by underlying shares and overseen by the regulator, Coinbase said.

Transfers will be subject to ongoing sanctions screening, and assets can be frozen or seized at the wallet level where required for compliance, according to the report.