According to Zhitong Finance APP, the Southbound 2x Long Coinbase ETF (07711) rose over 2%, up 2.59% as of press time to HK$26.9, with a turnover of HK$398,900.

On the news front, according to market media reports, Coinbase Global, Inc. (COIN.US) has recently selected Abu Dhabi Global Market (ADGM) as the location for its international tokenization base and has officially obtained approval from the UAE Financial Services Regulatory Authority (FSRA) to arrange transactions and provide tokenized securities custody services.

This strategic move not only establishes the UAE's position as a core regional hub but also sends a clear signal: the jurisdiction has moved beyond a mere "crypto-friendly" policy posture to build differentiated core competitiveness through "end-to-end" regulatory and technological infrastructure spanning from approval to custody.

It is worth noting that the RWA Leaders Summit, co-hosted by RWALabs.ae and NeosLegal with support from DMCC Crypto Centre, will be held on October 16, 2026, in Dubai, bringing together regulators, banks, asset owners, institutional investors, exchanges, custodians, stablecoin and payment service providers, and tokenization infrastructure companies.

The UAE has already built the infrastructure, and the key to the next phase lies in who can persuade asset owners to actually use these facilities, thereby bridging the final barrier from technical implementation to commercial closed-loop.