BurjX, a UAE-based digital asset brokerage, has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The approval brings the platform closer to launching as a fully regulated digital asset trading and custody provider.

BurjX Targets Compliant Crypto in MENA

BurjX offers access to digital assets like Bitcoin, Ethereum, and Solana. Designed specifically for the MENA region, the platform is in the final stages of regulatory approval and aims to set new standards for compliant crypto trading and custody. ADGM, known for its pioneering virtual asset regulatory framework, plays a key role in this process.

Exciting news from BurjX! The UAE-based digital asset brokerage has received In-Principle Approval from Abu Dhabi’s FSRA, setting the stage for a secure and regulated trading platform in MENA. As we approach our official launch, we're committed to shapin… https://t.co/yFME7enseQ

— BVOX TOP Crypto Exchange | FanClub (@TokenCryptoSpot) May 6, 2025

Platform Expected to Launch This Year

The platform was founded by Omar Abbas, co-founder of NDAX, a Canadian cryptocurrency exchange, and Adam Ferris, a former Goldman Sachs executive. With final approval expected soon, BurjX is preparing to launch later this year. It will offer a suite of trading and custody services for retail, professional, and institutional traders.

For security, BurjX has partnered with Fireblocks to integrate multi-party computation (MPC) technology, along with other security protocols. This ensures asset protection, secure transfers, and real-time risk management.