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Greengage & Co. Limited has completed its first external debt transaction on the Coinbase Diamond platform. This platform works under the rules of the Abu Dhabi Global Market (ADGM).
This step is important for Project Diamond, which aims to combine blockchain with asset management. The project uses smart contracts to make financial systems clearer and work better.
Marcel Kasumovich, Deputy Chief Investment Officer at Coinbase Asset Management, said the success of this deal shows Coinbase’s goal of building an open financial system. He explained that working with Greengage under ADGM’s guidance helps the firm bring safe and responsible innovation.
ADGM Ensures Innovation Is Safe And Follows Strict Standards
Greengage stated that the deal followed ADGM’s strict rules, which support new ideas while keeping high standards. ADGM encourages financial technology that focuses on fairness and sustainable growth.
Sean Kiernan, the Chief Executive Officer of Greengage & Co., said the partnership with Coinbase shows the firm’s focus on sustainability in digital finance. He added that by using blockchain and helping small and medium-sized businesses (SMEs), the team aims to create a clear and efficient financial system.
According to earlier reports, Coinbase announced it is working with Greengage to help SMEs with debt through the Coinbase Diamond system. This system uses blockchain to make it easier and safer to get money for businesses.
The Coinbase Diamond platform improves how private capital is handled. It uses blockchain to create digital debt that is safer and available to more investors.
Greengage Ensures Digital Assets Follow Real Sustainable Practices
Laser Digital, part of the Nomura financial group, got permission from ADGM to offer services in the digital asset space. According to reports, eToro, a trading platform, also received approval to deal in securities, crypto, and other assets in the UAE.
Greengage recently joined the Abu Dhabi Sustainable Finance Declaration to support growth in clean and fair digital finance. The company plans to share its knowledge of blockchain and sustainability with other partners.
The firm is using blockchain to help improve carbon markets. It gives SMEs chances to earn carbon credits and helps make industries like Bitcoin mining cleaner with new technology and renewable energy.
The company is also working to ensure that digital assets follow real sustainable practices. This will build trust and support fair rules. Greengage is backing the Blue Carbon Gold project, which helps save UAE mangroves by capturing carbon in coastal areas and turning it into digital assets.
