Burj X, a leading UAE-born digital asset brokerage and custody platform, has announced a new strategic move to enhance and expand its suite of services and infrastructure dedicated to stablecoins. This significant step takes place under the umbrella of the strict and innovative regulatory framework of the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), one of the prominent international financial centers in the UAE capital. Pursuant to this expansion, announced on April 21, 2026, the platform will open broader horizons for retail and institutional clients to use and trade stablecoins across multiple blockchain networks within a fully secure and regulated environment.
Stablecoins: the new driver of digital asset markets
Within a short period, stablecoins have established themselves as one of the primary and most vital components in global digital asset markets. This has been clearly reflected in record figures, with the volume of transactions processed through these stablecoins exceeding the $33 trillion mark in 2025 alone, while the total market capitalization of this vital sector surpassed $300 billion. This rapid and steady growth reflects the expanding role of stablecoins not only as a trading tool, but as a foundational financial infrastructure for digital asset markets and the global flow of capital.
In this evolving context, the United Arab Emirates has emerged as one of the fastest-growing centers in the world for regulated activities related to digital assets. The region has witnessed a notable increase in the use of stablecoins in daily payment channels, advanced trading platforms, and corporate treasury operations, necessitating a robust infrastructure to meet this growing demand—a need that Burj X translates through its innovative services.
Exceptional support across multiple blockchain networks
By expanding the network connectivity of stablecoins, Burj X is enhancing its regulated activities, granting clients unprecedented flexibility to execute transactions across multiple blockchain networks within a compliance framework fully aligned with the UAE’s approved financial system. This step aims to empower users with the freedom to move capital with high efficiency and superior speed.
The platform now provides stablecoin connectivity across the following leading networks:
- USDT on the Tron network (TRC20): This network is the most widely used globally for stablecoin transfers, capturing over 60 percent of the total circulating supply of USDT thanks to fast transactions and low costs.
- USDT on the Binance Smart Chain (BEP20): This network provides efficient and seamless stablecoin transfers within one of the world’s largest trading and decentralized finance ecosystems.
- USDC on the Solana network: This network features instant and ultra-fast settlements, with high scalability to support heavy trading and massive institutional transaction flows.
- USDC on the Stellar network: This network is specifically designed to facilitate cross-border payments and reliable institutional financial transfers.
These qualitative additions complement the platform’s robust existing infrastructure on the Ethereum network (ERC-20), giving clients the absolute ability to choose the most efficient and suitable network for their needs according to transaction speed, cost, and market liquidity conditions. Together, these integrations establish a multi-chain infrastructure connecting major blockchain networks to the regulated and stable financial system in the UAE.
Secure and regulated asset custody using advanced technologies
Burj X’s distinction is not limited to network diversity, but extends to security and reliability. Based on a high-performance infrastructure specifically designed to support trading and settlement at scale, the platform combines multi-network connectivity with secure digital asset custody services powered by global leader Fireblocks. This institutional platform is trusted by major financial institutions to secure and transfer digital assets with the highest degrees of security.
The Multi-Party Computation (MPC) wallet technology provided by the aforementioned custody platform offers highly advanced protection for client assets. It relies on a sophisticated cryptographic architecture that eliminates single points of failure while ensuring assets are transferred securely and in full compliance with regulatory standards across all supported blockchain networks.
“Stablecoins have become the backbone of digital asset settlement. By expanding support across these networks, Burj X is building the infrastructure that enables capital to move seamlessly across blockchain ecosystems while maintaining complete alignment with the regulatory framework established by the FSRA.”
– Omar Abbas, Co-Founder and CEO of Burj X
Empowering retail, institutional, and OTC trading markets
This deliberate infrastructure expansion significantly enhances Burj X’s ability to serve a wide and diverse segment of participants in the financial market. This includes retail investors seeking security and ease of use, major institutional clients, and participants in the over-the-counter (OTC) trading market that demand high liquidity and precise execution.
Thanks to seamless and direct fiat on-and-off ramp channels in UAE dirhams via Zand Bank, secure asset custody services, and strategic links with leading global liquidity providers, the platform enables clients to execute financial transactions with ease. It thus forms a vital bridge connecting the traditional banking system in the UAE with expanding global digital asset markets.
About the platform’s founding management
Fully licensed by the Financial Services Regulatory Authority of Abu Dhabi Global Market, the platform was founded by elite experts in the financial and digital fields. It was established by Omar Abbas, co-founder of a prominent Canadian digital asset platform, alongside Adam Faris, who holds a PhD in law and an MBA from Harvard University and possesses extensive experience gained during his tenure at the esteemed financial institution Goldman Sachs. Through this leadership and clear vision, the platform continues to redefine the relationship between regional investors and digital currencies, setting a new and genuine benchmark for local and regulated financial innovation.
Frequently Asked Questions
What is Burj X and what is its regulatory status?
It is a UAE-born digital brokerage and custody platform providing institutional digital asset trading services. The platform is fully licensed by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), ensuring it operates within a strict and reliable financial regulatory framework.
What blockchain networks does the platform support for stablecoins?
The platform supports stablecoin transfers across multiple networks including Tron, Binance Smart Chain, Solana, and Stellar, in addition to its core infrastructure supported on the Ethereum network.
How does the platform ensure the security of users’ digital assets?
The platform relies on secure custody services powered by Fireblocks, which utilizes Multi-Party Computation (MPC) wallet technology. This advanced technology provides a robust cryptographic architecture that eliminates single points of failure and protects assets from breaches.
Can local currency funds be deposited and withdrawn?
Yes, the platform provides seamless fiat on-and-off ramp channels in UAE dirhams through its partnership with Zand Bank, smoothly connecting the UAE banking system with global digital asset markets.
