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Verde here is an adjetivo sustantivado (i.e., an adjective that performs the function of a noun). You are not referring to a coloring (colorante o pigmento), but the color itself, and it is actually doing the job of a noun. In English you do this all the time. In Spanish it is way less common, but it happens. DRAE's entry for sustantivar leads to ...
Basically we are omitting a word here: Me gusta el (color) verde de tus ojos. color is the noun, and green is characterising the noun, so verde is an adjective.
From the DRAE (the dictionary of the Royal Spanish Academy) m. Colorante o pigmento utilizado para producir el color verde. So it is a noun
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