Latest news with #OmarAbbas


Al Etihad
7 hours ago
- Business
- Al Etihad
BurjX, fully home-grown digital trading platform, goes live
21 July 2025 13:11 A. SREENIVASA REDDY(ABU DHABI)A fully home-grown digital trading platform — BurjX — has gone live in the UAE after securing Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu platform, which was launched at a recent event in Abu Dhabi, allows users to trade in over 100 digital assets with seamless access through UAE bank to Aletihad on the sidelines of the launch, Omar Abbas, Co-Founder and CEO of BurjX, said: 'We were focused on building something for the UAE, for the MENA market. There are a lot of competitors entering this market, but we are building something from scratch for the UAE. We're not an exchange that's trying to enter this market and capture market share.'Highlighting the platform's user-friendly approach, Abbas added: 'Our product is tailored for both retail and institutional traders. We've made it super simple, where first-time traders can connect directly, and signup is instant. You can trade directly in any of 100 digital assets by routing dirhams from your local account.'BurjX, now officially licensed for both brokerage and custody services, aims to set a new benchmark for regulatory depth and digital asset access in the region. It is integrated with Zand Bank to offer instant dirham on-ramps, enabling users to fund accounts in seconds and begin trading immediately under ADGM's regulatory who previously co-founded Canada's leading crypto exchange NDAX, said the FSRA licence and launch with over 100 digital assets proved 'what's possible when you build with conviction from the ground up.'Co-founder and Chairman Adam Ferris, a Harvard JD/MBA graduate and former Goldman Sachs executive, said: 'This launch validates the strength of our infrastructure, the calibre of our team, and our ambition to position BurjX as a global player from day one.'BurjX is also one of the few platforms in the region licensed for both brokerage and custody, offering NASDAQ-grade execution systems, Fireblocks' MPC wallet technology, and institutional-grade infrastructure. It combines fast execution and deep liquidity with multi-layer governance and comprehensive insurance across hot and cold serve private wealth clients, BurjX has launched a dedicated Private Client Division offering bespoke OTC services and tailored digital asset solutions. As part of its governance framework, BurjX has appointed Dr Ryan Lemand — a former Binance board member and ex-Head of Risk at the UAE's Securities and Commodities Authority — to its Board. With the UAE's crypto user base projected to reach nearly four million by 2026 and adoption among the highest globally, BurjX aims to become the Middle East's homegrown bridge to the global crypto economy.


Business Insider
7 hours ago
- Business
- Business Insider
BurjX Secures FSRA License, Launches ADGM-Regulated Trading Platform with 100+ Digital Assets
Abu Dhabi, United Arab Emirates, July 21st, 2025, Chainwire BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, for brokerage and custody activities. In a landmark achievement, BurjX becomes a fully regulated digital asset brokerage platform to offer and support trading of over 100 digital assets, setting a new standard for market access, regulatory depth, and product breadth in the region. The UAE's cryptocurrency market is projected to generate US$395.9 million in revenue in 2025, with the user base expected to reach 3.88 million by 2026. With nearly one-third of the population set to own crypto within the next year, the UAE ranks among the highest adoption rates globally. BurjX is setting the benchmark for what a regulated, homegrown platform can be. A Mission Born in the UAE, Led by Its Founders 'We came to the UAE to build something that reflects the future of this region: regulated, trusted, and globally competitive,' said Omar Abbas, Co-Founder and CEO of BurjX, who previously co-founded NDAX, Canada's leading crypto exchange. 'Securing our FSRA license and launching with 100+ assets is proof of what's possible when you build with conviction from the ground up. We're not another imported platform entering the UAE. We're a homegrown one, built here to lead globally.' 'It's rare to see a startup go live with this level of regulatory and technical execution,' said Adam Ferris, Co-Founder and Chairman, a Harvard JD/MBA graduate who previously held key roles at Goldman Sachs. 'This launch validates the strength of our infrastructure, the caliber of our team, and our ambition to position BurjX as a global player from day one.' As part of its governance framework, BurjX has appointed Dr. Ryan Lemand to its Board. A former Binance board member and ex-Head of Risk at UAE's Securities and Commodities Authority (SCA), he brings deep expertise in regulation, digital assets, and institutional finance. Trading 100+ Tokens with Instant AED On-Ramps Powered by Zand BurjX makes it easy to go from dirhams to digital assets in seconds. Integrated with UAE banking rails through Zand Bank, users can instantly fund their accounts in AED and trade over 100 tokens within seconds, all under the oversight of ADGM's world-leading virtual asset framework. As one of the region's first true fiat-to-crypto bridges, BurjX offers frictionless access to digital markets that is secure, seamless, and proudly UAE native. As one of the few platforms in the region licensed for both brokerage and custody, BurjX combines the strength of ADGM's virtual asset regime with the speed of institutional-grade infrastructure. Built on NASDAQ-grade systems that process over 1 million transactions per second and secured by Fireblocks' MPC wallet technology, BurjX offers fast execution, deep liquidity, and secure custody on a single, unified platform. From first-time traders to institutions, every transaction is backed by multi-layer governance, comprehensive insurance across hot and cold wallets, and robust regulatory oversight. A New Standard in Private Wealth For family offices, institutions, and high-net-worth clients seeking a more bespoke experience, BurjX has launched its Private Client Division – delivering white-glove OTC services, tailored execution, dedicated relationship coverage, and access to one of the most extensive digital asset offerings in the region. Designed for sophisticated investors, it empowers them to build high-conviction, diversified portfolios with clarity, control, and confidence. What's Next for BurjX With its launch now official, BurjX is entering a new phase of growth; focused on scaling across the UAE and the broader MENA region, while doubling down on its core pillars: 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 positioned to be the Middle East's homegrown on-ramp to the global crypto economy. About BurjX BurjX is a UAE-born digital asset brokerage and custodian, fully licensed by the Financial Services Regulatory Authority of ADGM, the international financial centre of Abu Dhabi. Founded by Omar Abbas, co-founder of NDAX, and Adam Ferris, a Harvard JD/MBA and ex-Goldman Sachs, BurjX offers institutional-grade trading and custody, seamless AED on and off ramps, and multi-layer security infrastructure. Built for trust and performance, BurjX is redefining how the region engages with digital assets and setting a new benchmark for regulated, homegrown innovation.


Fintech News ME
8 hours ago
- Business
- Fintech News ME
BurjX Becomes Fully Regulated Crypto Platform Under ADGM Framework
BurjX, a digital asset trading platform founded in the UAE, has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for brokerage and custody operations. With this approval, BurjX becomes a fully regulated platform offering trading in over 100 digital assets. This milestone positions it as one of the few platforms in the region licensed to provide both brokerage and custody services under ADGM's virtual asset regulatory framework. Nearly one-third of the UAE population is projected to hold crypto assets within the next year, placing the country among the highest global adoption rates. 'Our aim was to build something that reflects the future of this region: regulated, trusted, and globally competitive,' said Omar Abbas, Co-Founder and Chief Executive of BurjX, who previously co-founded NDAX, a major Canadian crypto exchange. 'Securing our FSRA licence and launching with more than 100 assets is proof of what is possible when you build with conviction from the start. We are not another imported platform entering the UAE. We are a homegrown one, built here to lead globally.' The platform allows users to convert UAE dirhams to digital assets through integration with local banking infrastructure via Zand Bank. This enables near-instant funding in AED and access to over 100 tokens, all under ADGM's regulatory oversight. BurjX is built on institutional infrastructure capable of processing over one million transactions per second. It uses Fireblocks' multi-party computation wallet technology for custody and offers insurance coverage for both hot and cold wallets. The platform is designed to serve retail and institutional users with a focus on transaction speed, security, and liquidity. For high-net-worth individuals and institutional clients, BurjX has introduced a Private Client Division. This division provides over-the-counter services, tailored execution, and dedicated client coverage. Following its official launch, BurjX plans to expand across the UAE and the wider MENA region. The company will continue to prioritise security, regulatory compliance, and accessibility as it scales its operations.


Zawya
8 hours ago
- Business
- Zawya
BurjX secures FSRA license, launches ADGM-regulated trading platform with 100+ digital assets
Abu Dhabi, UAE – BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, for brokerage and custody activities. In a landmark achievement, BurjX becomes a fully regulated digital asset brokerage platform to offer and support trading of over 100 digital assets, setting a new standard for market access, regulatory depth, and product breadth in the region. The UAE's cryptocurrency market is projected to generate US$395.9 million in revenue in 2025, with the user base expected to reach 3.88 million by 2026. With nearly one-third of the population set to own crypto within the next year, the UAE ranks among the highest adoption rates globally. BurjX is setting the benchmark for what a regulated, homegrown platform can be. A Mission Born in the UAE, Led by Its Founders 'We came to the UAE to build something that reflects the future of this region: regulated, trusted, and globally competitive,' said Omar Abbas, Co-Founder and CEO of BurjX, who previously co-founded NDAX, Canada's leading crypto exchange. 'Securing our FSRA license and launching with 100+ assets is proof of what's possible when you build with conviction from the ground up. We're not another imported platform entering the UAE. We're a homegrown one, built here to lead globally.' 'It's rare to see a startup go live with this level of regulatory and technical execution,' said Adam Ferris, Co-Founder and Chairman, a Harvard JD/MBA graduate who previously held key roles at Goldman Sachs. 'This launch validates the strength of our infrastructure, the caliber of our team, and our ambition to position BurjX as a global player from day one.' As part of its governance framework, BurjX has appointed Dr. Ryan Lemand to its Board. A former Binance board member and ex-Head of Risk at UAE's Securities and Commodities Authority (SCA), he brings deep expertise in regulation, digital assets, and institutional finance. Trade 100+ Tokens with Instant AED On-Ramps Powered by Zand BurjX makes it easy to go from dirhams to digital assets in seconds. Integrated with UAE banking rails through Zand Bank, users can instantly fund their accounts in AED and trade over 100 tokens within seconds, all under the oversight of ADGM's world-leading virtual asset framework. As one of the region's first true fiat-to-crypto bridges, BurjX offers frictionless access to digital markets that is secure, seamless, and proudly UAE native. Regulated, Institutional-Grade Custody As one of the few platforms in the region licensed for both brokerage and custody, BurjX combines the strength of ADGM's virtual asset regime with the speed of institutional-grade infrastructure. Built on NASDAQ-grade systems that process over 1 million transactions per second and secured by Fireblocks' MPC wallet technology, BurjX offers fast execution, deep liquidity, and secure custody on a single, unified platform. From first-time traders to institutions, every transaction is backed by multi-layer governance, comprehensive insurance across hot and cold wallets, and robust regulatory oversight. A New Standard in Private Wealth For family offices, institutions, and high-net-worth clients seeking a more bespoke experience, BurjX has launched its Private Client Division – delivering white-glove OTC services, tailored execution, dedicated relationship coverage, and access to one of the most extensive digital asset offerings in the region. Designed for sophisticated investors, it empowers them to build high-conviction, diversified portfolios with clarity, control, and confidence. What's Next for BurjX With its launch now official, BurjX is entering a new phase of growth; focused on scaling across the UAE and the broader MENA region, while doubling down on its core pillars: 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 positioned to be the Middle East's homegrown on-ramp to the global crypto economy. About BurjX BurjX is a UAE-born digital asset brokerage and custodian, fully licensed by the Financial Services Regulatory Authority of ADGM, the international financial centre of Abu Dhabi. Founded by Omar Abbas, co-founder of NDAX, and Adam Ferris, a Harvard JD/MBA and ex-Goldman Sachs, BurjX offers institutional-grade trading and custody, seamless AED on and off ramps, and multi-layer security infrastructure. Built for trust and performance, BurjX is redefining how the region engages with digital assets and setting a new benchmark for regulated, homegrown innovation.


Tahawul Tech
8 hours ago
- Business
- Tahawul Tech
BurjX secures FSRA License, launches trading platform with 100+ digital assets
Abu Dhabi — BurjX, the UAE-born digital asset trading platform, has officially secured its Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, for brokerage and custody activities. In a landmark achievement, BurjX becomes a fully regulated digital asset brokerage platform to offer and support trading of over 100 digital assets, setting a new standard for market access, regulatory depth, and product breadth in the region. The UAE's cryptocurrency market is projected to generate US$395.9 million in revenue in 2025, with the user base expected to reach 3.88 million by 2026. With nearly one-third of the population set to own crypto within the next year, the UAE ranks among the highest adoption rates globally. BurjX is setting the benchmark for what a regulated, homegrown platform can be. 'We came to the UAE to build something that reflects the future of this region: regulated, trusted, and globally competitive,' said Omar Abbas, Co-Founder and CEO of BurjX, who previously co-founded NDAX, Canada's leading crypto exchange. 'Securing our FSRA license and launching with 100+ assets is proof of what's possible when you build with conviction from the ground up. We're not another imported platform entering the UAE. We're a homegrown one, built here to lead globally.' 'It's rare to see a startup go live with this level of regulatory and technical execution,' said Adam Ferris, Co-Founder and Chairman, a Harvard JD/MBA graduate who previously held key roles at Goldman Sachs. 'This launch validates the strength of our infrastructure, the caliber of our team, and our ambition to position BurjX as a global player from day one.' As part of its governance framework, BurjX has appointed Dr. Ryan Lemand to its Board. A former Binance board member and ex-Head of Risk at the UAE's Securities and Commodities Authority (SCA), he brings deep expertise in regulation, digital assets, and institutional finance. BurjX makes it easy to go from dirhams to digital assets in seconds. Integrated with UAE banking rails through Zand Bank, users can instantly fund their accounts in AED and trade over 100 tokens within seconds, all under the oversight of ADGM's world-leading virtual asset framework. As one of the region's first true fiat-to-crypto bridges, BurjX offers frictionless access to digital markets that is secure, seamless, and proudly UAE native. BurjX combines the strength of ADGM's virtual asset regime with the speed of institutional-grade infrastructure. Built on NASDAQ-grade systems that process over 1 million transactions per second and secured by Fireblocks' MPC wallet technology, BurjX offers fast execution, deep liquidity, and secure custody on a single, unified platform. From first-time traders to institutions, every transaction is backed by multi-layer governance, comprehensive insurance across hot and cold wallets, and robust regulatory oversight. For family offices, institutions, and high-net-worth clients seeking a more bespoke experience, BurjX has launched its Private Client Division – delivering white-glove OTC services, tailored execution, dedicated relationship coverage, and access to one of the most extensive digital asset offerings in the region. Designed for sophisticated investors, it empowers them to build high-conviction, diversified portfolios with clarity, control, and confidence. With its launch now official, BurjX is entering a new phase of growth, focused on scaling across the UAE and the broader MENA region, while doubling down on its core pillars: 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 positioned to be the Middle East's homegrown on-ramp to the global crypto economy.