BurjX & Fireblocks Boost UAE Crypto Security
BurjX, the Abu Dhabi-based digital asset trading platform licensed by the Financial Services Regulatory Authority (FSRA) of ADGM for both brokerage and custody, has announced a strategic integration with Fireblocks, the enterprise-grade digital asset infrastructure provider. This move sets a new benchmark for safeguarding trading and custody operations in one of the fastest-growing digital finance hubs in the world.
The partnership arrives at a crucial moment. According to industry data, over $2.17 billion in crypto theft occurred in the first half of 2025 alone, yet only 22% of exchanges globally provide full insurance coverage. By leveraging Fireblocks’ advanced infrastructure alongside comprehensive insurance underwritten by Relm Insurance, BurjX ensures that its users benefit from protection that is both robust and institutionally recognized.
At the core of this framework lies Fireblocks’ Multi-Party Computation (MPC) wallet technology. Built to eliminate single points of failure, MPC keeps private keys secure and ensures every transaction is authorized through layered cryptographic protocols. This institutional-grade security enables BurjX to process transactions at scale — up to one million per second — without compromising transparency or compliance.
Stephen Richardson, Chief Strategy Officer at Fireblocks, emphasized the significance of the move: “BurjX is entering the market with a security-first infrastructure, fully aligned with regulatory requirements. We’re proud to provide MPC wallet solutions that give users confidence and reliability as the UAE’s digital asset ecosystem continues to expand.”
BurjX has also integrated global compliance partners such as Notabene for Travel Rule adherence and Chainalysis for transaction monitoring, reinforcing its AML/CFT capabilities and ensuring transparency. This dual focus on security and compliance highlights the company’s ambition to serve both individual traders and institutions with trust at the forefront.
Omar Abbas, Co-Founder and CEO of BurjX, noted: “Every aspect of custody — from hot wallets powering daily trades to cold wallets safeguarding long-term reserves — is built on Fireblocks’ infrastructure. With comprehensive insurance protection, our users can operate with confidence, knowing their assets are safe under one of the world’s most rigorous regulatory frameworks.”
BurjX’s insurance plan covers both internal and external threats across wallet environments, setting it apart from many competitors. Combined with enterprise-grade wallet security, this unified model allows the platform to deliver deep liquidity, fast execution, and safe custody under a single umbrella.
About BurjX
Founded by Omar Abbas (co-founder of Canada’s NDAX) and Adam Ferris (Harvard JD/MBA, ex-Goldman Sachs), BurjX is a UAE-born brokerage and custodian providing institutional-grade trading, AED fiat ramps, and multi-layer digital asset security. Licensed by ADGM’s FSRA, BurjX is redefining regulated crypto services in the region.
About Fireblocks
Fireblocks is the industry’s leading provider of digital asset infrastructure, trusted by over 2,200 organizations including BNY Mellon, Worldpay, Galaxy, and Revolut. With its scalable platform covering custody, payments, tokenization, and trading, Fireblocks has secured more than $10 trillion in transactions across 100+ blockchains.
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