BurjX, a UAE-born digital asset trading platform, has officially received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The license authorizes BurjX to operate as a regulated brokerage and custody provider for digital assets.
With this approval, BurjX joins a select group of crypto platforms in the region that meet ADGM’s comprehensive virtual asset regulatory framework. The platform is launching with support for over 100 digital assets, enabling secure and compliant trading for both retail and institutional clients.
As cryptocurrency adoption accelerates across the UAE—where nearly one-third of the population is expected to hold crypto within the next year—BurjX is poised to meet growing demand with a trusted, locally built solution.
A Vision for Local Innovation
“Our aim was to build something that reflects the future of this region: regulated, trusted, and globally competitive,” said Omar Abbas, Co-Founder and CEO of BurjX. Abbas previously co-founded NDAX, one of Canada’s leading crypto exchanges.
“Securing our FSRA license and launching with more than 100 assets is proof of what is possible when you build with conviction from the start. We are not another imported platform entering the UAE. We are a homegrown one, built here to lead globally.”
Fast, Secure Trading in AED
BurjX enables users to seamlessly convert UAE dirhams (AED) into digital assets, thanks to direct integration with local banking infrastructure through Zand Bank. This integration allows for near-instant AED funding and access to a wide range of tokens—all within a regulated environment.
The platform is built on institutional-grade infrastructure capable of processing over one million transactions per second. For secure custody, BurjX uses Fireblocks’ advanced multi-party computation (MPC) wallet technology and provides insurance coverage for both hot and cold wallets.
Tailored Services for Institutional Clients
To serve high-net-worth individuals and institutional investors, BurjX has introduced a dedicated Private Client Division. This unit offers over-the-counter (OTC) trading, custom execution strategies, and personalized client support.
Regional Expansion Ahead
Following its official launch, BurjX plans to scale across the UAE and the broader MENA region. The company’s core focus will remain on security, regulatory compliance, and user accessibility as it grows.
With a foundation rooted in trust, speed, and innovation, BurjX is set to become a leading digital asset platform both regionally and globally.
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