UAE's BurjX Enhances Digital Asset Security With Fireblocks And Insurance

BurjX, a digital asset trading platform originating from the UAE, has made a significant stride in enhancing the security and efficiency of its operations. They have partnered with Fireblocks, a leading provider of enterprise-grade infrastructure solutions for blockchain businesses.

This collaboration is set to revolutionise the way BurjX handles the trading and custody of digital assets. Fireblocks' technology offers robust protection against theft, a concern highlighted by the staggering loss of over US $2.17 billion in crypto assets in just the first half of 2025.

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

BurjX's approach to asset custody is notably rigorous, incorporating Fireblocks' Multi-Party Computation (MPC) wallet technology. This innovative solution eliminates potential security breaches by ensuring private keys are never exposed, thereby securing every transaction through stringent access controls and multi-layered authorisation protocols.

To further align with global Anti-Money Laundering (AML) standards and enhance its compliance framework, BurjX has integrated notable tools like Notabene and Chainalysis. These additions aim to improve the platform's compliance with the Travel Rule and provide transparent monitoring of transactions and on-chain activities.

Omar Abbas, co-founder and CEO of BurjX, emphasised the platform's commitment to security, stating, "All digital asset custody at BurjX, from hot wallets supporting active trading to cold wallets for long-term storage, is underpinned by Fireblocks infrastructure."

In a landscape where only 22% of exchanges offer full insurance coverage, BurjX distinguishes itself by offering comprehensive insurance for both hot and cold wallets through Relm Insurance, a leader in digital asset insurance. This extensive protection against both internal and external threats ensures users have end-to-end coverage, further enhancing the trust and safety of trading on the platform.

The integration of enterprise-grade security measures with extensive insurance coverage enables BurjX to provide its users, both individuals and institutions, with a secure, reliable, and high-performance trading experience. This unified platform not only fosters trust among its users but also positions BurjX as a transparent and secure option for digital asset trading in the UAE and beyond.