BurjX, a digital asset trading platform founded in the UAE, has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for brokerage and custody operations.
With this approval, BurjX becomes a fully regulated platform offering trading in over 100 digital assets.
This milestone positions it as one of the few platforms in the region licensed to provide both brokerage and custody services under ADGM’s virtual asset regulatory framework.
Nearly one-third of the UAE population is projected to hold crypto assets within the next year, placing the country among the highest global adoption rates.
“Our aim was to build something that reflects the future of this region: regulated, trusted, and globally competitive,”
said Omar Abbas, Co-Founder and Chief Executive of BurjX, who previously co-founded NDAX, a major Canadian crypto exchange.
“Securing our FSRA licence 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.”
The platform allows users to convert UAE dirhams to digital assets through integration with local banking infrastructure via Zand Bank.
This enables near-instant funding in AED and access to over 100 tokens, all under ADGM’s regulatory oversight.
BurjX is built on institutional infrastructure capable of processing over one million transactions per second.
It uses Fireblocks’ multi-party computation wallet technology for custody and offers insurance coverage for both hot and cold wallets.
The platform is designed to serve retail and institutional users with a focus on transaction speed, security, and liquidity.
For high-net-worth individuals and institutional clients, BurjX has introduced a Private Client Division.
This division provides over-the-counter services, tailored execution, and dedicated client coverage.
Following its official launch, BurjX plans to expand across the UAE and the wider MENA region.
The company will continue to prioritise security, regulatory compliance, and accessibility as it scales its operations.
Featured image credit: BurjX
