Bitexen MENA and Bitexen Custody have received Financial Services Permissions from the FSRA of Abu Dhabi Global Market (ADGM). The approval allows the company to operate regulated virtual asset trading and custody services in the UAE.
Bitexen MENA is now licensed to run a trading platform for virtual assets and fiat-linked tokens. Bitexen Custody is licensed to provide secure storage services for the same assets.
The company has chosen Abu Dhabi as its regional base, pointing to the UAE’s growing role in regulated digital finance.
Bitexen MENA Ltd and Bitexen Custody Ltd have obtained Financial Services Permissions from the Financial Services Regulatory Authority of ADGM.
The milestone marks an important step towards delivering secure, transparent, and regulated virtual asset services to both… pic.twitter.com/SrNyCmxvUs
— Bitexen (@bitexencom) May 22, 2026
What services will Bitexen now offer in Abu Dhabi?
With the new approval, Bitexen can run a Multilateral Trading Facility (MTF), which allows users to trade digital assets under regulated conditions. It can also offer custody services, meaning users’ crypto and tokenized assets are held in secure, regulated storage.
Both services are designed to work within ADGM’s financial rules, which aim to make digital asset activity safer and more transparent for both retail and institutional users.
Why is Bitexen expanding into the UAE market?
Bitexen said its move into Abu Dhabi is part of a wider global expansion plan. The company sees the UAE as a leading hub for digital asset regulation and financial innovation.
By setting up in ADGM, Bitexen gains access to a clear legal framework that supports trading, custody, and future token-based financial products.
The company also plans to build infrastructure for tokenized assets and institutional digital finance services.
Impact on digital asset growth in the region
The approval adds to Abu Dhabi’s growing role as a regulated center for crypto and tokenized finance.
ADGM has been building its digital asset framework since 2018, attracting more global firms into the region.
Bitexen’s entry reflects a wider trend of exchanges and custody providers moving toward regulated markets, where compliance and security are becoming key priorities for expansion. In another development, South Korea’s crypto venture powerhouse, Hashed, is making a strategic move into the Middle East after securing regulatory approval to operate within ADGM.
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