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BurjX, a UAE-born digital asset platform, has officially received its Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), marking a major milestone in the region’s fast-growing crypto economy.
The newly licensed platform launches with support for over 100 digital assets, becoming one of the most comprehensive and regulator-approved offerings in the Middle East. BurjX’s approval allows it to operate as both a brokerage and custodian, offering instant AED-to-crypto trading and institutional-grade infrastructure all under ADGM’s world-leading virtual asset regime.
A milestone for the UAE’s digital asset
The launch of BurjX comes as the UAE continues to establish itself as a global crypto hub. With crypto revenue expected to hit $395.9 million in 2025 and nearly one-third of the population projected to own digital assets by 2026, the region is witnessing unprecedented adoption.
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Securing FSRA license and launching with 100+ assets is proof of what’s possible when you build with conviction from the ground up.
Abbas, who previously co-founded Canada’s NDAX exchange, is joined by Adam Ferris, Co-Founder and Chairman of BurjX, a Harvard JD/MBA and former Goldman Sachs executive.
It’s rare to see a startup go live with this level of regulatory and technical execution. This validates the strength of our infrastructure, our team, and our global ambition.
As part of its governance strategy, BurjX has appointed Dr. Ryan Lemand to its Board. Formerly Head of Risk at the UAE’s Securities and Commodities Authority (SCA) and a previous board member at Binance, Dr. Lemand brings decades of experience in regulation and institutional finance.
Trade over 100 tokens with instant AED on-ramps via Zand Bank
BurjX users can now fund their accounts instantly in AED thanks to seamless banking integration with Zand, enabling fast access to 100+ tokens within seconds. This makes BurjX one of the region’s first true fiat-to-crypto bridges, providing secure, local access to the global digital asset economy.
BurjX’s trading engine is built on NASDAQ-grade systems capable of handling over a million transactions per second, and secured with Fireblocks’ MPC wallet technology. Licensed for both brokerage and custody, the platform ensures every transaction is backed by multi-layer security, insurance coverage, and regulatory oversight.
For private wealth clients, BurjX has also launched a Private Client Division offering white-glove OTC services, custom execution, and tailored digital asset strategies.
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