ABU DHABI, UAE – BurjX, a new UAE-based crypto platform, is going all-in on security. The licensed brokerage and custodian has partnered with Fireblocks, the leading provider of digital asset infrastructure, to protect users’ funds with institutional-grade wallet technology and comprehensive insurance coverage.
In a year where crypto theft topped $2.17 billion in just six months, BurjX is taking a bold stance by offering insured protection for both hot wallets and cold storage, a benefit provided by Relm Insurance.
“Security and compliance are at the heart of what we do,” said Omar Abbas, Co-Founder and CEO of BurjX. “By combining Fireblocks technology with robust insurance, we’re giving users complete peace of mind.”
The platform uses Fireblocks’ MPC technology, which safeguards private keys and prevents single points of failure, while transactions are verified through strict role-based controls. To meet global compliance standards, BurjX has also integrated Notabene and Chainalysis for transaction monitoring and Travel Rule compliance.
“BurjX’s approach aligns perfectly with our mission to build secure and scalable digital asset ecosystems,” added Stephen Richardson, Chief Strategy Officer at Fireblocks.
With these integrations, BurjX aims to provide fast execution, deep liquidity, and reliable custody all in one platform, setting a new benchmark for digital asset trading in the UAE.
