{"id":25352,"date":"2025-05-06T10:34:11","date_gmt":"2025-05-06T10:34:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25352"},"modified":"2025-05-06T10:34:11","modified_gmt":"2025-05-06T10:34:11","slug":"burjx-secures-in-principle-approval-from-adgms-financial-services-regulatory-authority","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25352","title":{"rendered":"BurjX Secures In-Principle Approval from ADGM\u2019s Financial Services Regulatory Authority"},"content":{"rendered":"
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[PRESS RELEASE \u2013 Abu Dhabi, UAE, May 6th, 2025]<\/strong><\/p>\n

Igniting a New Era for Crypto in MENA with Professional-Grade Trading and Bank-Grade Security<\/em><\/p>\n

The future of crypto in MENA is taking shape. BurjX<\/a>, a UAE-based digital asset brokerage, announced today that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This marks a key regulatory milestone as BurjX moves towards securing its Financial Services Permission (FSP) to operate as a fully regulated, institutional-grade trading and custody platform.<\/p>\n

As the pioneer of the world\u2019s first comprehensive virtual asset regulatory framework, ADGM\u2019s approval reinforces BurjX\u2019s commitment to building a next-generation platform founded on trust, transparency, and institutional adoption in MENA.<\/p>\n

A New Era for Crypto in MENA<\/strong><\/p>\n

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\u201cThis is an exciting step forward \u2013 not just for BurjX, but for crypto in MENA as a whole,\u201d said Omar Abbas, Co-Founder & CEO of BurjX. \u201cSecure, institutional-grade custody is the foundation of a trusted trading platform, and the MENA region is ready for it. As BurjX moves toward final regulatory approval, we are reimagining crypto trading \u2013 seamlessly integrating cutting-edge security with a frictionless trading experience in a single, unified platform.\u201d<\/p>\n<\/blockquote>\n

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Adam Ferris, Co-Founder & Chairman of BurjX, underscored the company\u2019s vision: \u201cThis milestone is just the beginning. We\u2019re building something that doesn\u2019t just meet the highest security and regulatory standards \u2013 it\u2019s about raising the bar for enterprise-grade custody, compliance, and market integrity. BurjX is shaping the future of responsible digital asset trading.\u201d<\/p>\n<\/blockquote>\n

Wall Street Meets MENA: The Next Crypto Powerhouse<\/strong><\/p>\n

BurjX was founded to bring North American expertise into MENA\u2019s rapidly growing crypto landscape. Omar Abbas, co-founder of NDAX \u2013 Canada\u2019s leading cryptocurrency exchange, has over a decade of experience in fintech, banking, and digital assets. He\u2019s worked at Canada\u2019s top banks, bridging traditional finance with the rise of crypto markets. Adam Ferris, a Harvard JD\/MBA who previously held key roles at Goldman Sachs, has deep expertise in high-growth financial and technology markets, strengthening the team\u2019s strategic leadership and expansion capabilities.<\/p>\n

Recognising the immense potential of the MENA region \u2013 ranked as the seventh-largest crypto market globally in 2024, valued at an estimated $338.7 billion and accounting for 7.5% of the world\u2019s total transaction volume \u2013 they\u2019ve assembled a team of seasoned experts to reshape the crypto landscape and setting a new standard for digital asset trading.<\/p>\n

Raising the Bar for Regulated Crypto<\/strong><\/p>\n

With final regulatory approval on the horizon, BurjX is preparing to launch later this year, bringing a full suite of digital asset trading and custody solutions to market. Designed for retail, professional, and institutional traders, the platform provides secure fiat on\/off-ramps, deep liquidity, and advanced execution tools \u2013 all within a tightly governed and fully compliant framework.<\/p>\n

At the heart of BurjX\u2019s security framework is its integration with Fireblocks, the global leader in digital asset custody. By leveraging Fireblocks\u2019 multi-party computation (MPC) technology and cutting-edge security protocols, BurjX ensures institutional-grade asset protection, secure transfers, and real-time risk management \u2013 setting a new benchmark for safeguarding digital assets in MENA.<\/p>\n

Strengthening its security-first approach, BurjX has secured market-leading insurance coverage. This coverage offers comprehensive protection for client and operational assets against a range of potential risks, ensuring resilience and trust in its platform.<\/p>\n

About BurjX<\/strong><\/p>\n

BurjX<\/a> is a UAE-based digital asset brokerage and custodian designed to bring secure, efficient, and cost-effective access to digital assets such as Bitcoin, Ethereum, and Solana. Built from the ground up for MENA, BurjX is in the final stages of regulatory approval with the FSRA of ADGM, paving the way to set a new benchmark for compliant crypto trading and custody in the region.<\/p>\n

For more details on BurjX, users can visit www.burjx.com<\/a>. For PR inquiries, users can contact Janis D\u2019Souza at janis@burjx.com<\/a><\/p>\n

The post BurjX Secures In-Principle Approval from ADGM\u2019s Financial Services Regulatory Authority<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Abu Dhabi, UAE, May 6th, 2025] Igniting a New Era for Crypto in MENA with Professional-Grade Trading and Bank-Grade Security The future of crypto in MENA is taking shape. BurjX, a UAE-based digital asset brokerage, announced today that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25352","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25352","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25352"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25352\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25352"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25352"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}