BurjX Launches ADGM-Regulated Trading Platform with 100+ Assets

BurjX, a digital asset trading platform originating in the UAE, has achieved a major regulatory milestone by obtaining its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) within Abu Dhabi Global Market (ADGM). This license authorizes BurjX to operate brokerage and custody services under ADGM’s internationally recognized regulatory framework, reinforcing Abu Dhabi’s status as a hub for digital finance innovation.

A New Era for Regulated Crypto Trading in the UAE

With this authorization, BurjX is now a fully regulated platform offering trading support for more than 100 digital assets. This positions it among the most comprehensive and compliant players in the region’s fast-evolving crypto landscape. The achievement not only legitimizes BurjX’s operations but also elevates the standards for digital asset platforms in terms of market access, regulatory transparency, and diversity of asset offerings.

Crypto Market Growth Accelerates in the UAE

The UAE continues to emerge as a major player in the global cryptocurrency space. Forecasts suggest that the local digital asset market will generate nearly US$396 million in revenue by 2025, with user numbers expected to reach close to 4 million by the following year. This rapid growth reflects a strong appetite for digital assets, with almost one-third of the UAE’s population anticipated to hold cryptocurrency within a year, placing the country among the global leaders in adoption.

BurjX: Setting the Standard for Homegrown Platforms

Amid this booming landscape, BurjX stands out not only for being a UAE-born initiative but also for aligning itself fully with regulatory standards. The platform represents a benchmark for how local innovation can be combined with world-class compliance, offering a trustworthy and seamless digital asset experience that is both intuitive and secure for users across the UAE.

“We came to the UAE to build something that reflects the future of this region: regulated, trusted, and globally competitive,” said Omar Abbas, Co-Founder and CEO of BurjX, who previously co-founded NDAX, Canada’s leading crypto exchange. “Securing our FSRA license and launching with 100+ assets is proof of what’s possible when you build with conviction from the ground up. We’re not another imported platform entering the UAE. We’re a homegrown one, built here to lead globally.”

“It’s rare to see a startup go live with this level of regulatory and technical execution,” said Adam Ferris, Co-Founder and Chairman, a Harvard JD/MBA graduate who previously held key roles at Goldman Sachs. “This launch validates the strength of our infrastructure, the calibre of our team, and our ambition to position BurjX as a global player from day one.”

Leadership Strengthens with Key Board Appointment

In strengthening its governance framework, BurjX has welcomed Dr. Ryan Lemand to its Board of Directors. His credentials include serving as a former board member at Binance and leading risk management at the UAE’s Securities and Commodities Authority (SCA). With extensive experience in institutional finance and digital asset regulation, Dr. Lemand brings critical insights to guide BurjX’s strategic growth within a tightly regulated environment.

Frictionless Access to Crypto via Local Banking Integration

One of the core features of BurjX is its seamless AED on-ramp, made possible through integration with Zand Bank. This allows users to fund their accounts directly with local currency and begin trading across a wide range of tokens within seconds. Thanks to ADGM’s robust regulatory oversight, users benefit from both speed and safety, making BurjX one of the first truly frictionless fiat-to-crypto bridges in the region.

Security Meets Speed with Institutional Infrastructure

BurjX is among the rare few platforms in the region that hold licenses for both brokerage and custody services. This dual authorization is backed by high-performance infrastructure capable of processing over a million transactions per second, comparable to NASDAQ-level systems. Furthermore, its use of Fireblocks’ multi-party computation (MPC) wallet technology ensures top-tier security. Users enjoy fast trade execution, access to deep liquidity, and peace of mind through insured hot and cold wallet systems, all within a tightly regulated ecosystem.

Tailored Services for Private Wealth Clients

Recognizing the growing interest from high-net-worth individuals, institutions, and family offices, BurjX has launched a dedicated Private Client Division. This division offers bespoke over-the-counter (OTC) trading services, personalized execution strategies, and exclusive client support. Designed for seasoned investors, it enables sophisticated portfolio construction across one of the region’s most expansive digital asset catalogs, with an emphasis on discretion, customization, and trust.

Looking Ahead: A Roadmap for Expansion

With its official launch now complete, BurjX is turning its focus to future growth, both geographically and operationally. Plans are underway to expand across the UAE and into other MENA markets, while continuing to refine its core strengths: regulatory integrity, user-centric simplicity, and robust security. As adoption scales from individual users to large-scale private clients, and with liquidity spanning over 100 digital assets, BurjX is primed to serve as the Middle East’s native gateway to the global digital economy.