Standard Asset Company Selects Coinbase to Oversee Bitcoin Assets, Strengthening US-UAE Business Relations.
Abu Dhabi: Standard Proprietary Company Ltd., also known as Standard Asset Company (SAC), has announced the establishment of its headquarters at Abu Dhabi Global Market (ADGM). The new office will oversee the company’s proposed $1.5 billion asset management strategy, combining an institutionally managed Bitcoin reserve with investments in prominent real estate properties across the UAE.
Strengthening international partnerships through business
Standard Asset Company was established by Sakhib Waseem, Adam Ali and Mason Borda, who bring extensive experience in institutional finance and digital asset markets.
According to the company, its founding team has advised on transactions exceeding $7 billion and supported more than $1 billion in digital asset offerings worldwide.
SAC’s network of advisers and shareholders includes Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, former White House Chief of Staff Mick Mulvaney, Coinbase Institutional Co-CEO Brett Tejpaul and Lord Iain McNicol, a member of the UK’s House of Lords.
The company said this combination of international business and financial expertise reflects its ambition to strengthen commercial relationships between the United States and the UAE.
Commenting on the initiative, Sheikh Mohammed Bin Maktoum Bin Juma Al Maktoum, a member of Dubai’s ruling family, expressed pride in supporting a business that connects the digital economy with traditional investment sectors.
“Building a company in the UAE which connects the digital economy with the traditional economy is something I am proud to be involved in. The strategy developed with Coinbase brings institutional expertise and discipline to our digital asset holdings, with the objective of investing returns into hospitality and real estate here in the Emirates,” he said.
Combining Bitcoin investments with UAE real estate
SAC’s investment approach focuses on two distinct asset classes: Bitcoin and premium real estate in the UAE.
The company plans to maintain a professionally managed Bitcoin reserve while building a portfolio of high-profile property assets, creating a strategy that connects digital asset investments with the traditional real estate market.
As part of this initiative, Coinbase Asset Management has been appointed the exclusive manager of SAC’s Bitcoin holdings.
The asset management division is headed by Anthony Bassili, a former BlackRock executive who currently serves as its president.
Brett Tejpaul, Co-CEO of Coinbase Institutional, highlighted the UAE’s growing importance in the international digital asset industry and the potential of SAC’s investment model.
“The UAE is a critical hub for the adoption of digital assets globally. What makes Standard Asset Company’s strategy so special is how it directly connects institutional Bitcoin management with real-world assets. We are excited to support SAC as their exclusive Bitcoin asset manager,” Tejpaul said.
Long-term investment value backed by institutional expertise
Sakhib Waseem, Co-Founder and Managing Director of Standard Asset Company, highlighted the growing interest among institutional investors in combining digital assets with traditional investments.
He noted that while financial institutions worldwide are increasingly looking to hold both digital and physical assets, relatively few investment platforms are designed to manage these asset classes together under rigorous institutional standards.
Waseem also emphasised the UAE’s growing position as a global destination for innovative investment strategies, citing its supportive regulatory environment and long-term economic vision.
“Institutions around the world are moving to hold digital and physical assets side by side, and very few vehicles are built to do both with real discipline. The UAE is leading that shift. Its regulatory clarity and long-term ambition make it the natural home for Standard Asset Co, and the foundation from which we intend to grow,” Waseem said.
About Standard Asset Company
Standard Proprietary Company Ltd., operating as Standard Asset Company (SAC), is a UAE-based proprietary asset management firm with its headquarters at Abu Dhabi Global Market (ADGM).
The company is led by co-founders Sakhib Waseem, Adam Ali and Mason Borda, whose collective professional experience includes advisory work on transactions worth more than $7 billion and involvement in digital asset offerings exceeding $1 billion.
SAC’s investment model brings together institutional Bitcoin treasury management and the acquisition of prominent real estate properties throughout the UAE.
Through this approach, the company aims to connect digital asset management with investments in physical property, positioning itself within the UAE’s expanding financial and investment landscape.
