BurjX Bolsters UAE Digital-Asset Trust with Fireblocks Partnership

BurjX’s deployments are built on a foundation capable of handling one million transactions per second. Crucially, its custody system incorporates Fireblocks’ multi-party computation (MPC) technology, purposefully engineered to eliminate single points of failure: private keys remain secured, transactions benefit from automated policy controls, multi-layer authorizations, and role-based access.

Omar Abbas, Co-Founder and CEO of BurjX, highlighted the company’s security framework, stating: “All digital asset custody at BurjX, from hot wallets supporting active trading to cold wallets for long-term storage, is underpinned by Fireblocks infrastructure. This foundation gives our users confidence that their assets are protected by industry-leading security, covered by comprehensive insurance, and fully compliant with one of the world's most rigorous regulatory frameworks.”

Fireblocks Chief Strategy Officer, Stephen Richardson, expressed confidence in the arrangement: “BurjX is entering the market with a clear commitment to regulatory compliance and security-first infrastructure. We're proud to provide the MPC wallet infrastructure that enables BurjX to operate securely, giving users confidence and control as the UAE's digital asset ecosystem grows."

BurjX has extended its security posture beyond encryption and infrastructure. The platform has implemented Notabene to comply with the Travel Rule, reinforcing chain-of-custody transparency, and integrated Chainalysis for active transaction monitoring to align with global illicit finance safeguards.

Insurance coverage is another pillar in BurjX’s defense. Both hot and cold wallet holdings are insured through Relm Insurance, offering users an end-to-end protective buffer against security breaches and operational failures.

BurjX is among the few digital-asset providers in the MENA region to hold dual licensing, for brokerage and custodial services, from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM).This regulatory alignment, combined with its coast-to-coast security infrastructure, positions the platform as a compelling option for both retail and institutional investors in the UAE and across the Middle East.

Founded and headquartered in the UAE, BurjX is steered by co‑founders Omar Abbas, former co‑founder of Canada’s NDAX, and Adam Ferris, a Harvard‑educated former Goldman Sachs executive. Together, they emphasize that BurjX is not an import; rather, a regional protagonist built for local trust and global scalability.

Their vision extends beyond regional innovation. By combining a locally grounded approach with enterprise-grade infrastructure, they aspire to set a new standard for compliant, secure digital‑asset platforms globally.

The timing of this announcement resonates with broader market needs. MENA is emerging as a significant player in global crypto activity; according to Chainalysis, the region accounted for approximately 7.5% of worldwide transactions in 2024, representing a notional value of nearly US $338.7 billion.

In July 2025, BurjX received its Financial Services Permission from ADGM’s FSRA, becoming one of the few platforms regionally licensed for both trading and custody. It launched with support for over 100 digital assets, bolstered by real-time AED on-ramps via UAE’s Zand Bank, and underpinned by NASDAQ-level transaction infrastructure.

For high-net-worth, institutional, and private wealth clients, the platform offers a dedicated Private Client Division offering over-the-counter (OTC) services, tailored execution strategies, and dedicated account support.

What sets BurjX apart is its multi-layered strategy: regulated operations, industrial-grade platform performance, MPC-driven security, real-time compliance monitoring, and insurer-backed protection. This approach reflects an understanding that trust in digital assets hinges not just on performance, but on resilience, transparency, and accountability.

As global crypto platforms come under increasing pressure, from cyberattacks involving millions in losses, to heightened scrutiny from regulatory bodies, BurjX stands out. Backed by a robust, fully licensed regulatory framework in ADGM, and underpinned by enterprise-grade security and insurance, it offers a compelling alternative for markets where regulatory clarity and institutional safety are non-negotiable.

With its ecosystem now fortified, BurjX’s near-term goals include expanding across the broader MENA region, capitalizing on rising retail adoption, and deepening penetration among institutional investors and wealth managers.

If the platform succeeds in replicating its security-first, regulation-anchored framework at scale, it may not only redefine digital-asset engagement within the Middle East, but also project a model of how local platforms can lead in global crypto credibility.