BurjX, a UAE-based digital asset trading platform licensed for both brokerage and custody services by the Financial Services Regulatory Authority (FSRA) of the ADGM, has announced it is using Fireblocks, an enterprise platform that provides digital asset infrastructure solutions, to support its trading and custody operations.
Amid reports of over US$2.17 billion lost to crypto theft in the first half of 2025, and with only 22% of exchanges offering full insurance coverage, BurjX aims to provide additional protection through Fireblocks’ infrastructure and comprehensive insurance underwritten by Relm Insurance, a specialty insurer for digital assets.
The platform, built on technology capable of handling one million transactions per second, combines speed, scale and security.
At the heart of its custody system is Fireblocks’ MPC wallet technology, which secures user assets through advanced cryptography, eliminating single points of failure.
Private keys are never exposed, and each transaction is protected by role-based access, automated policy controls and multi-layer authorisation procedures.
“BurjX is entering the market with a clear commitment to regulatory compliance and security-first infrastructure,”
said Stephen Richardson, Chief Strategy Officer at Fireblocks.
“We’re proud to provide the MPC wallet infrastructure that enables BurjX to operate securely, giving users confidence and control as the UAE’s digital asset ecosystem grows.”
To enhance compliance and risk monitoring, BurjX has integrated Notabene to comply with the Travel Rule and Chainalysis to monitor transactions and on-chain activity, ensuring transparency and alignment with international anti-money laundering standards.
“All digital asset custody at BurjX, from hot wallets supporting active trading to cold wallets for long-term storage, is underpinned by Fireblocks infrastructure,”
said Omar Abbas, Co-Founder and CEO of BurjX.
“This foundation gives our users confidence that their assets are protected by industry-leading security, covered by comprehensive insurance, and fully compliant with one of the world’s most rigorous regulatory frameworks.”
In addition to enterprise-grade wallet security, BurjX provides comprehensive insurance across both hot and cold wallets, offering protection against internal and external threats.
This approach enables both individual and institutional users to access liquidity, fast execution and secure custody on a single, integrated platform.
By adopting Fireblocks, BurjX reinforces its focus on providing a regulated and secure digital asset trading environment in the UAE.
Featured image credit: Edited by Fintech News Middle East, based on image by rawpixel.com via Freepik
