Greengage & Co. Limited, a digital finance firm, has completed the first external debt instrument transaction on the Coinbase Diamond tokenization platform, operating under the regulatory oversight of the Abu Dhabi Global Market (ADGM).

The transaction represents a key development for Project Diamond, which seeks to integrate blockchain technology with asset management. Project Diamond leverages smart contracts to improve transparency and efficiency in financial systems.

“The successful completion of this transaction is a testament to Coinbase’s mission of creating an open financial system,” Marcel Kasumovich, Deputy CIO at Coinbase Asset Management, commented.

“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.”

According to Greengage’s press release, the deal was executed under ADGM’s regulatory framework, which balances innovation with strict standards. ADGM supports financial technologies aimed at sustainable and inclusive solutions.

“Our collaboration with Coinbase on this transaction exemplifies Greengage’s commitment to driving sustainability in the digital finance sector,” said Sean Kiernan, CEO at Greengage & Co.

“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.”