The asset management arm of cryptocurrency company Coinbase will move assets in traditional finance to blockchain through a new platform.
Developed by Coinbase Asset Management Diamond ProjectIt brings together the custody services offered by Coinbase Prime, the exchange’s Web3 wallet, the USDC stablecoin issued by Circle, and the Ethereum layer-2 network Base.
The platform, developed based on smart contracts, allows corporate customers to transfer their digital assets directly on the blockchain. to create, manage, buy and sell will allow.
The first transaction on the platform was made through the issuance of a debt instrument to demonstrate to regulators in the United Arab Emirates how the platform works.
The platform, which has received approval in principle from FSRA, affiliated with Abu Dhabi Global Market, will enter the institution’s sandbox called RegLab.
Platform, To registered corporate users outside the US It will be open.