BurjX Secures FSRA License, Launches 100+ Digital Assets Trading

BurjX, a UAE-based digital asset trading platform, has successfully obtained its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This regulatory approval allows BurjX to operate as a fully regulated digital asset brokerage platform, offering trading services for over 100 digital assets. This achievement marks a significant milestone for the platform, positioning it as a leader in market access, regulatory compliance, and product diversity within the region.

The UAE's cryptocurrency market is anticipated to generate substantial revenue, with projections indicating US$395.9 million in 2025. The user base for cryptocurrencies in the UAE is expected to expand to 3.88 million by 2026, reflecting a high adoption rate. BurjX aims to capitalize on this growing market by providing a regulated and trusted platform for digital asset trading.

Omar Abbas, Co-Founder and CEO of BurjX, emphasized the platform's mission to build a regulated, trusted, and globally competitive digital asset trading platform. Abbas, who previously co-founded NDAX, Canada’s leading crypto exchange, highlighted the significance of securing the FSRA license and launching with over 100 assets. He noted that BurjX is not an imported platform but a homegrown one, built to lead globally from the UAE.

Adam Ferris, Co-Founder and Chairman of BurjX, a Harvard JD/MBA graduate with a background at Goldman Sachs, praised the platform's launch, citing its robust regulatory and technical execution. Ferris underscored the strength of BurjX's infrastructure, the caliber of its team, and its ambition to position itself as a global player from day one.

BurjX has appointed Dr. Ryan Lemand to its Board, bringing deep expertise in regulation, digital assets, and institutional finance. Lemand, a former Binance board member and ex-Head of Risk at the UAE’s Securities and Commodities Authority (SCA), will contribute to the platform's governance framework.

One of the key features of BurjX is its seamless integration with UAE banking rails through Zand Bank, allowing users to instantly fund their accounts in AED and trade over 100 tokens within seconds. This integration is part of ADGM’s world-leading virtual asset framework, ensuring secure and frictionless access to digital markets.

As one of the few platforms in the region licensed for both brokerage and custody, BurjX offers institutional-grade infrastructure built on NASDAQ-grade systems. These systems process over 1 million transactions per second and are secured by Fireblocks’ MPC wallet technology. This ensures fast execution, deep liquidity, and secure custody on a single, unified platform, backed by multi-layer governance, comprehensive insurance, and robust regulatory oversight.

For family offices, institutions, and high-net-worth clients, BurjX has launched its Private Client Division. This division offers white-glove OTC services, tailored execution, dedicated relationship coverage, and access to one of the most extensive digital asset offerings in the region. It empowers sophisticated investors to build high-conviction, diversified portfolios with clarity, control, and confidence.

With its official launch, BurjX is entering a new phase of growth, focusing on scaling across the UAE and the broader MENA region. The platform aims to double down on its core pillars of security, simplicity, and regulatory strength. With rising adoption from retail users, growing demand from private wealth clients, and deep liquidity across 100+ assets, BurjX is well-positioned to become the Middle East’s homegrown on-ramp to the global crypto economy.