BurjX has received in-principle approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market

ChainCatcher news, according to Chainwire, UAE digital asset broker BurjX has received in-principle approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).

According to reports, BurjX was co-founded by Omar Abbas, co-founder of the Canadian cryptocurrency exchange NDAX, and Adam Ferris, a former executive at Goldman Sachs. It plans to officially launch a complete digital asset trading and custody solution later this year.