Exchanges· ★★★· bullish·

Standard Asset Company opens ADGM headquarters, taps Coinbase to manage Bitcoin holdings

  • —SAC opened its ADGM headquarters under a $1.5 billion investment strategy
  • —Coinbase Asset Management named exclusive manager of SAC's Bitcoin portfolio
  • —Strategy combines Bitcoin holdings with UAE real estate acquisitions
  • —Coinbase Institutional co-CEO Brett Tejpaul cited UAE's growing digital asset role
Why it matters: A large institutional mandate in the UAE strengthens Coinbase's position as a custodian and BTC manager for traditional firms.
#BTC
Source: Coin Edition
More on this
Exchanges · Oct 3
Coinbase Asset Management president: pensions still slow on direct bitcoin allocation
 Markets · Oct 1
Coinbase Asset Management CEO sees bitcoin at $300K by 2030
 Exchanges · Oct 22
Solana Company opens Asia-Pacific headquarters in Hong Kong