BurjX, a UAE-based digital asset trading platform licensed by Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA), has partnered with Fireblocks to enhance the security of its crypto trading and custody operations.
When others were compromised, @burjxofficial doubled down.
Compliance + custody. Fireblocks secured. 🛡️🇦🇪 pic.twitter.com/jpUJS97Gz5
— Fireblocks (@FireblocksHQ) August 20, 2025
The move underscores growing concerns over vulnerabilities in the crypto industry, with more than $2.17 billion stolen globally in the first half of 2025. BurjX said it will combine Fireblocks’ blockchain infrastructure with institutional-grade insurance to provide users with stronger protection. Industry data shows only 22% of exchanges currently offer full insurance coverage.
At the core of BurjX’s system is Fireblocks’ multi-party computation (MPC) wallet technology, which safeguards digital assets by eliminating single points of failure and keeping private keys secure. The blockchain-powered framework supports up to one million transactions per second while enforcing role-based access, automated controls, and multi-layer authorization.
“All custody at BurjX from hot wallets for trading to cold wallets for storage is protected by Fireblocks,”
said Omar Abbas, Co-Founder and CEO of BurjX.
“This ensures our clients’ crypto assets are backed by robust security and comprehensive insurance.”
To strengthen compliance, BurjX has also deployed Notabene for Travel Rule obligations and Chainalysis for blockchain transaction monitoring, ensuring alignment with international anti-money laundering (AML) standards.
Stephen Richardson, Chief Strategy Officer at Fireblocks, said the partnership highlights the growing institutional demand for secure blockchain infrastructure. “Our technology allows BurjX to scale operations while giving users confidence in how their crypto is managed,” he said.
By integrating security, blockchain transparency, and insurance into one platform, BurjX aims to position itself as a trusted hub for digital asset trading and custody in Abu Dhabi and the wider Middle East.
Meanwhile in Japan, Minna Bank is expanding its blockchain strategy through a collaboration with Fireblocks to explore stablecoin issuance on the Solana blockchain. The project will assess how blockchain-based stablecoins can enhance domestic payment systems and digital financial services, marking another step in the convergence of traditional banking and blockchain innovation.
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