BurjX enhances digital asset security with Fireblocks partnership

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BurjX, the UAE-born digital asset trading platform licensed for both brokerage and custody services by the Financial Services Regulatory Authority (FSRA) at Abu Dhabi Global Market (ADGM), has announced that it is partnering with Fireblocks to secure its trading and custody operations. Fireblocks is a enterprise platform providing blockchain-based infrastructure solutions for digital assets.

With crypto theft surpassing $2.17bn in the first half of 2025 alone, and only 22 per cent of exchanges offering full insurance coverage, BurjX is positioning itself as a market leader in security. The platform combines Fireblocks’ institutional-grade digital asset infrastructure with comprehensive insurance provided by Relm Insurance, a specialty insurer for the digital asset sector.

Built on technology capable of handling one million transactions per second, BurjX integrates speed, scalability, and security. At the heart of its custody framework lies Fireblocks’ MPC (multi-party computation) wallet technology, which ensures private keys are never exposed and eliminates single points of failure. Each transaction is protected through role-based access, automated policy enforcement, and multi-layer authorisation flows.

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“BurjX is entering the market with a clear commitment to regulatory compliance and security-first infrastructure,” said Stephen Richardson, chief strategy officer at Fireblocks. “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.”

To reinforce compliance, BurjX has also integrated Notabene to meet Travel Rule requirements and Chainalysis to monitor on-chain transactions, ensuring adherence to global AML standards.

“All digital asset custody at BurjX, from hot wallets supporting active trading to cold wallets for long-term storage, is underpinned by Fireblocks infrastructure,” said Omar Abbas, co-founder and CEO of BurjX. “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.”

The platform’s unified security approach includes insurance coverage for both hot and cold wallets, offering end-to-end protection from internal and external risks. By combining secure custody, deep liquidity, and fast execution on a single integrated platform, BurjX aims to deliver a trusted and transparent digital asset trading experience for both retail and institutional users in the UAE and beyond.