COINBASE TO BRING TRADFI ASSETS ON-CHAIN WITH NEW PLATFORM BUILT ON BASE UNDER ABU DHABI REGULATOR'S OVERSIGHT

Summary from the TLDR Crypto newsletter

Coinbase is launching "Project Diamond" to blend traditional finance and crypto. This platform, incorporating Coinbase Prime’s custody service, will allow institutional investors to issue and trade digitally native debt instruments using Base, Coinbase's Ethereum scaling network. The platform, already approved in principle by Abu Dhabi's FSRA, is anticipated to increase efficiency and transparency for financial transactions.