BurjX, the UAE-born digital asset trading platform licensed for both brokerage and custody services by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), has announced that it is leveraging Fireblocks, a leading enterprise platform providing digital asset infrastructure solutions, to secure its trading and custody operations.
With over $2.17 billion lost to crypto theft globally in the first half of 2025 and only 22% of exchanges offering full insurance coverage, BurjX aims to deliver industry-leading protection through Fireblocks’ infrastructure, backed by comprehensive insurance from Relm Insurance, a specialty insurer for digital assets.
Institutional-Grade Technology for Speed, Scale, and Security
Built on institutional-grade technology capable of handling up to one million transactions per second, BurjX combines speed, scalability, and security in one platform. At the heart of its custody system is Fireblocks’ MPC (multi-party computation) wallet technology, which safeguards user assets with advanced cryptographic protections that eliminate single points of failure. Private keys are never exposed, and every transaction is secured through role-based access, automated policy controls, and multi-layer authorization flows.
Stephen Richardson, Chief Strategy Officer at Fireblocks, said: “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.”
Comprehensive Compliance and Risk Monitoring
To strengthen compliance and risk oversight, BurjX has integrated Notabene to ensure Travel Rule compliance and Chainalysis to monitor transactions and on-chain activity. This ensures full transparency and alignment with global AML standards.
Omar Abbas, Co-Founder and CEO of BurjX, commented: “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.”
End-to-End Protection for Individual and Institutional Users
Beyond wallet security, BurjX provides comprehensive insurance coverage across both hot and cold wallets, ensuring protection against internal and external threats. This unified approach allows deep liquidity, fast execution, and secure custody on a single, integrated platform for both individual and institutional clients.
By leveraging Fireblocks, BurjX demonstrates its commitment to delivering a trusted, transparent, and high-performance digital asset trading experience in the UAE and beyond.
