Bitexen Secures ADGM Approval for MTF and Custody Operations, Advancing UAE Expansion Strategy

Bitexen MENA has been granted a Financial Services Permission (FSP) by the FSRA of ADGM to operate a Multilateral Trading Facility (MTF) focused on virtual assets and fiat-referenced tokens.

In parallel, Bitexen Custody received regulatory approval to provide custody services for the same asset classes, marking a coordinated licensing milestone for the Bitexen Group’s regulated infrastructure expansion.

ADGM Positioned as Strategic Regional Base

As part of its long-term international strategy, Bitexen Group has selected the Abu Dhabi Global Market as the operational headquarters for its regulated entities.

The decision reflects the UAE’s established role in digital asset regulation and institutional market development, supported by ADGM’s virtual asset framework introduced in 2018.

With these approvals, Bitexen is positioned to operate within one of the most structured regulatory environments for digital asset trading and custody, covering both institutional and retail market segments across the MENA region and beyond.

Building Institutional-Grade Digital Asset Infrastructure

The dual FSP authorizations allow Bitexen to develop a vertically integrated ecosystem combining trading and custody services under regulated oversight.

The Group said the structure is intended to support:

• Secure execution of virtual asset trading via an MTF framework

• Institutional custody infrastructure for digital assets and fiat-referenced tokens

• Future expansion into tokenised real-world assets and blockchain-based financial products

This aligns with Bitexen’s broader ambition to contribute to global tokenisation infrastructure and regulated digital finance markets.

Strategic Outlook

Looking ahead, Bitexen Group aims to strengthen its position within regulated digital asset ecosystems, leveraging its UAE base to scale internationally.

The company’s ADGM presence is expected to serve as a launchpad for broader expansion into institutional market infrastructure, particularly in tokenisation and regulated on-chain financial instruments.

Kemal Cenk Erdem, Chairman of Bitexen MENA and Bitexen Custody, said the approvals represent a “defining milestone” for the Group and reaffirm its long-term commitment to the UAE and wider MENA region.

He added that Abu Dhabi will serve as the “core hub” of Bitexen’s international expansion as the company continues building regulated digital asset infrastructure for global markets.