Greengage & Co. Limited, a digital finance pioneer, are proud to announce the first-ever external debt instrument transaction conducted on the Coinbase’s Project Diamond tokenization platform under the regulatory purview of Abu Dhabi Global Market (ADGM). This landmark event underscores the growing convergence of blockchain technology, regulatory compliance, and sustainable financial innovation.

 

Expanding Horizons: Project Diamond

 

Coinbase’s Project Diamond represents a transformative approach to asset management and blockchain applications. The initiative, which underscores the potential of blockchain to streamline financial systems and democratize investment opportunities, has been lauded for its incorporation of smart contracts to enhance transparency and efficiency. 

 

This external debt instrument transaction marks a significant milestone in Project Diamond’s journey on the evolution of capital markets. The transaction was facilitated under the scope of ADGM, an international financial centre known for its robust and forward-thinking regulatory framework. ADGM has positioned itself as a leader in supporting global financial innovations by promoting a balance between innovation and regulatory standards. 

 

This partnership highlights the ADGM FinTech RegLab’s pivotal role in the integration of advanced, tested technologies into traditional financial systems to create sustainable and inclusive solutions.

 

Commenting on the milestone, Marcel Kasumovich, Deputy CIO at Coinbase Asset Management, said: “The successful completion of this transaction is a testament to Coinbase’s mission of creating an open financial system. This collaboration with Greengage under the purview of ADGM allows us to innovate responsibly, ensuring that technological advancements align with regulatory compliance and investor protection.”

 

Sean Kiernan, CEO at Greengage & Co. Limited said: “Our collaboration with Coinbase on this transaction exemplifies Greengage’s commitment to driving sustainability in the digital finance sector. By combining innovative blockchain solutions with a clear focus on SME lending, we are proud to contribute to a more transparent and efficient financial ecosystem.”

 

About Coinbase

 

Coinbase is a global platform dedicated to building a secure, transparent, and accessible financial system powered by blockchain technology. Crypto creates economic freedom by ensuring that people can participate fairly in the economy, and Coinbase is on a mission to increase economic freedom for more than 1 billion people. We’re updating the century-old financial system by providing a trusted platform that makes it easy for people and institutions to engage with crypto assets, including trading, staking, safekeeping, spending, and fast, free global transfers. We also provide critical infrastructure for onchain activity and support builders who share our vision that onchain is the new online. And together with the crypto community, we advocate for responsible rules to make the benefits of crypto available around the world. Through initiatives like Project Diamond, Coinbase continues to set new standards in digital asset management and blockchain-enabled finance. For more information, visit Coinbase.

 

About Greengage

 

Greengage is a digital finance pioneer that provides a platform of relationship-based e-money account services to entrepreneurs, SMEs, family offices, and digital asset firms to the highest ethical, secure and compliance standards. Alongside e-money account services, Greengage provides clients access to a B2B lending platform offering digital sources of money. Greengage’s tailored services are delivered by people, empowered by technology. Committed to sustainability, Greengage integrates energy-efficient innovations and carbon market accessibility for its clients. For more information, visit Greengage.

 

About Abu Dhabi Global Market (ADGM)

 

ADGM is an international financial centre that supports the development of innovative financial solutions while adhering to global regulatory standards. With its sustainable finance agenda, ADGM is at the forefront of promoting ESG-aligned practices and blockchain-powered financial systems. Visit ADGM for more details.

 

For media enquiries, please contact: suzanne.molloy@greengage.co