Abu Dhabi, UAE – Wednesday, 20th August 2025 – BurjX, the UAE-born digital asset trading platform, licensed for both brokerage and custody services by the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, has announced that it is leveraging Fireblocks, an enterprise platform providing digital asset infrastructure solutions to businesses building on blockchain, to secure its digital asset trading and custody operations.
Continue reading BurjX Fortifies Digital Asset Security with Fireblocks and Institutional-Grade InsuranceTag Archives: BurjX
BurjX Secures FSRA License, Launches ADGM-Regulated Trading Platform with 100+ Digital Assets
Abu Dhabi, UAE – 21stJuly, 2025
BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, for brokerage and custody activities.
In a landmark achievement, BurjX becomes a fully regulateddigital asset brokerage platform to offer and support trading of over 100 digital assets, setting a new standard for market access, regulatory depth, and product breadth in the region.
The UAE’s cryptocurrency market is projected to generate US$395.9 million in revenue in 2025, with the user base expected to reach 3.88 million by 2026.
With nearly one-third of the population set to own crypto within the next year, the UAE ranks among the highest adoption rates globally. BurjX is setting the benchmark for what a regulated, homegrown platform can be.
Continue reading BurjX Secures FSRA License, Launches ADGM-Regulated Trading Platform with 100+ Digital AssetsBurjX Secures In-Principle Approval from ADGM’s Financial Services Regulatory Authority
Igniting a New Era for Crypto in MENA with Professional-Grade Trading and Bank-Grade Security
Abu Dhabi, UAE – Tuesday, 6 May 2025
The future of crypto in MENA is taking shape. BurjX, a UAE-based digital asset brokerage, announced today that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This marks a key regulatory milestone as BurjX moves towards securing its Financial Services Permission (FSP) to operate as a fully regulated, institutional-grade trading and custody platform.
As the pioneer of the world’s first comprehensive virtual asset regulatory framework, ADGM’s approval reinforces BurjX’s commitment to building a next-generation platform founded on trust, transparency, and institutional adoption in MENA.
A New Era for Crypto in MENA
“This is an exciting step forward – not just for BurjX, but for crypto in MENA as a whole,” said Omar Abbas, Co-Founder & CEO of BurjX. “Secure, institutional-grade custody is the foundation of a trusted trading platform, and the MENA region is ready for it. As BurjX moves toward final regulatory approval, we are reimagining crypto trading – seamlessly integrating cutting-edge security with a frictionless trading experience in a single, unified platform.”
Adam Ferris, Co-Founder & Chairman of BurjX, underscored the company’s vision: “This milestone is just the beginning. We’re building something that doesn’t just meet the highest security and regulatory standards – it’s about raising the bar for enterprise-grade custody, compliance, and market integrity. BurjX is shaping the future of responsible digital asset trading.”
Wall Street Meets MENA: The Next Crypto Powerhouse
BurjX was founded to bring North American expertise into MENA’s rapidly growing crypto landscape. Omar Abbas, co-founder of NDAX – Canada’s leading cryptocurrency exchange, has over a decade of experience in fintech, banking, and digital assets. He’s worked at Canada’s top banks, bridging traditional finance with the rise of crypto markets. Adam Ferris, a Harvard JD/MBA who previously held key roles at Goldman Sachs, has deep expertise in high-growth financial and technology markets, strengthening the team’s strategic leadership and expansion capabilities.
Recognising the immense potential of the MENA region – ranked as the seventh-largest crypto market globally in 2024, valued at an estimated $338.7 billion and accounting for 7.5% of the world’s total transaction volume – they’ve assembled a team of seasoned experts to reshape the crypto landscape and setting a new standard for digital asset trading.
Raising the Bar for Regulated Crypto
With final regulatory approval on the horizon, BurjX is preparing to launch later this year, bringing a full suite of digital asset trading and custody solutions to market. Designed for retail, professional, and institutional traders, the platform provides secure fiat on/off-ramps, deep liquidity, and advanced execution tools – all within a tightly governed and fully compliant framework.
At the heart of BurjX’s security framework is its integration with Fireblocks, the global leader in digital asset custody. By leveraging Fireblocks’ multi-party computation (MPC) technology and cutting-edge security protocols, BurjX ensures institutional-grade asset protection, secure transfers, and real-time risk management – setting a new benchmark for safeguarding digital assets in MENA.
Strengthening its security-first approach, BurjX has secured market-leading insurance coverage, offering comprehensive protection for client and operational assets against a range of potential risks, ensuring resilience and trust in its platform.
About BurjX
BurjX is a UAE-based digital asset brokerage and custodian designed to bring secure, efficient, and cost-effective access to digital assets such as Bitcoin, Ethereum and Solana. Built from the ground up for MENA, BurjX is in the final stages of regulatory approval with the FSRA of ADGM, paving the way to set a new benchmark for compliant crypto trading and custody in the region.
For more details on BurjX, please visit www.burjx.com.
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