Greengage & Co launches first natively digital debt instrument under ADGM  

DIGITAL finance pioneer Greengage & Co Limited has successfully executed the first-ever external debt instrument transaction conducted on 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.

Coinbase’s Project Diamond represents a transformative approach to asset management and blockchain applications. The initiative, which highlights 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.

"The successful completion of this transaction is a testament to Coinbase's mission of creating an open financial system," said Marcel Kasumovich, Deputy CIO at Coinbase Asset Management.

"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."

Greengage and Co CEO Sean Kiernan added: "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."