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BurjX, a UAE-born digital asset trading platform licensed for brokerage and custody services by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), announced it is integrating Fireblocks’ infrastructure to secure its trading and custody operations.
The company said the move addresses growing security concerns in the digital asset industry, where over $2.17 billion was lost to theft in the first half of 2025. With only 22% of exchanges offering full insurance coverage, BurjX is coupling Fireblocks’ infrastructure with comprehensive insurance from Relm Insurance to offer users institutional-grade protection.
At the core of BurjX’s system is Fireblocks’ MPC wallet technology
Stephen Richardson, Chief Strategy Officer at Fireblocks, commented, “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.”
At the core of BurjX’s system is Fireblocks’ MPC wallet technology, which uses advanced cryptography to eliminate single points of failure. Private keys are never exposed, and transactions are secured through role-based access, automated policy controls, and multi-layer authorization. The platform is designed to handle up to one million transactions per second.
To strengthen compliance, BurjX has also integrated Notabene for Travel Rule adherence and Chainalysis for on-chain monitoring. These measures aim to provide transparency and alignment with global anti-money laundering standards.
Omar Abbas, Co-Founder and CEO of BurjX, said, “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.”
BurjX’s approach combines custody, liquidity, execution, and insurance on a single platform. By leveraging Fireblocks and compliance solutions, the company said it aims to deliver a secure trading experience for both retail and institutional users across the UAE and beyond.
Founded by Omar Abbas, co-founder of Canada’s NDAX exchange, and Adam Ferris, a Harvard JD/MBA and former Goldman Sachs executive, BurjX offers AED on- and off-ramps, multi-layer custody, and institutional-grade infrastructure.
Fireblocks, which secures more than $10 trillion in digital asset transactions for over 2,200 organizations including BNY Mellon, Worldpay, and Revolut, provides custody and settlement technology across 100+ blockchains.
