BurjX Receives In-Principle FSRA Approval, Integrates Fireblocks Security

By: finance magnates|2025/05/06 21:00:02
0
Share
copy
BurjX, a UAE-based digital asset brokerage, has receivedIn-Principle Approval (IPA) from the Financial Services Regulatory Authority(FSRA) of Abu Dhabi Global Market (ADGM). The approval brings the platformcloser to launching as a fully regulated digital asset trading and custodyprovider. BurjX Targets Compliant Crypto in MENA BurjX offers access to digital assets like Bitcoin, Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term , and Solana. Designed specifically for the MENA region, the platformis in the final stages of regulatory approval and aims to set new standards forcompliant crypto trading and custody. ADGM, known for its pioneering virtualasset regulatory framework, plays a key role in this process. Exciting news from BurjX! The UAE-based digital asset brokerage has received In-Principle Approval from Abu Dhabi’s FSRA, setting the stage for a secure and regulated trading platform in MENA. As we approach our official launch, we're committed to shapin... https://t.co/yFME7enseQ Platform Expected to Launch This Year The platform was founded by Omar Abbas, co-founder of NDAX,a Canadian cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term , and Adam Ferris, a former Goldman Sachsexecutive. With final approval expected soon, BurjX is preparing to launchlater this year. It will offer a suite of trading and custody services forretail, professional, and institutional traders. For security, BurjX has partnered with Fireblocks tointegrate multi-party computation (MPC) technology, along with other securityprotocols. This ensures asset protection, secure transfers, and real-time riskmanagement. You may find it interesting at FinanceMagnates.com: DFSAPublishes List of "Recognised Crypto Tokens" as Changes Take Effect . ADGM Partners with Chainlink for Tokenization Meanwhile, ADGMhas signed a Memorandum of Understanding with Chainlink to support thedevelopment of compliant tokenization frameworks. Under the agreement,Chainlink will provide technical expertise to projects overseen by ADGM’sRegistration Authority. The collaboration focuses on advancing the use of tokenizedassets within a regulatory framework. It also includes plans for educationalevents on blockchain, interoperability, and related technologies, supportingADGM’s broader efforts to encourage regulated innovation in digital finance. BurjX, a UAE-based digital asset brokerage, has receivedIn-Principle Approval (IPA) from the Financial Services Regulatory Authority(FSRA) of Abu Dhabi Global Market (ADGM). The approval brings the platformcloser to launching as a fully regulated digital asset trading and custodyprovider. BurjX Targets Compliant Crypto in MENA BurjX offers access to digital assets like Bitcoin, Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term , and Solana. Designed specifically for the MENA region, the platformis in the final stages of regulatory approval and aims to set new standards forcompliant crypto trading and custody. ADGM, known for its pioneering virtualasset regulatory framework, plays a key role in this process. Exciting news from BurjX! The UAE-based digital asset brokerage has received In-Principle Approval from Abu Dhabi’s FSRA, setting the stage for a secure and regulated trading platform in MENA. As we approach our official launch, we're committed to shapin... https://t.co/yFME7enseQ Platform Expected to Launch This Year The platform was founded by Omar Abbas, co-founder of NDAX,a Canadian cryptocurrency exchange Cryptocurrency Exchange A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f A cryptocurrency exchange is an online platform that supports the exchange of various currencies for a cryptocurrency or digital asset.Comparable to a generalized financial exchange, a crypto exchange’s core function is to permit and encourage the buying and selling of cryptos.This is accomplished by producing a stable trading environment suitable for traders nested through different locations around the world. Sometimes a crypto exchange may be referred to as a digital currency exchange (DCE) f Read this Term , and Adam Ferris, a former Goldman Sachsexecutive. With final approval expected soon, BurjX is preparing to launchlater this year. It will offer a suite of trading and custody services forretail, professional, and institutional traders. For security, BurjX has partnered with Fireblocks tointegrate multi-party computation (MPC) technology, along with other securityprotocols. This ensures asset protection, secure transfers, and real-time riskmanagement. You may find it interesting at FinanceMagnates.com: DFSAPublishes List of "Recognised Crypto Tokens" as Changes Take Effect . ADGM Partners with Chainlink for Tokenization Meanwhile, ADGMhas signed a Memorandum of Understanding with Chainlink to support thedevelopment of compliant tokenization frameworks. Under the agreement,Chainlink will provide technical expertise to projects overseen by ADGM’sRegistration Authority. The collaboration focuses on advancing the use of tokenizedassets within a regulatory framework. It also includes plans for educationalevents on blockchain, interoperability, and related technologies, supportingADGM’s broader efforts to encourage regulated innovation in digital finance.

You may also like

AI within artillery range

“The cloud” is a metaphor, but the data center isn’t.

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

The business of crypto VC is becoming promising

Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.

Popular coins

Latest Crypto News

Read more