Bitexen MENA and Bitexen Custody Obtained Financial Services Permissions from the FSRA of ADGM
Bitexen
MENA has been granted a Financial Services Permission (FSP) to operate a
Multilateral Trading Facility (MTF) in relation to virtual assets and fiat-referenced tokens, and Bitexen Custody has been
granted an FSP to Provide Custody services in relation to virtual assets and fiat-referenced
tokens, by the FSRA of ADGM, the international financial centre (IFC) of Abu
Dhabi.
The
milestone marks a definitive
leap forward in Bitexen Group’s
strategic global expansion, reinforcing its commitment to delivering secure,
transparent, and regulated virtual asset services to both institutional and
retail clients across the MENA region and beyond.
As
part of its long-term international growth strategy, Bitexen Group has selected
the ADGM, in Abu Dhabi, the capital of the United Arab Emirates (UAE), as the operational
headquarters for regulated entities within Bitexen Group. This choice recognises
the UAE’s leadership in financial innovation, digital asset regulation, and
institutional adoption. These regulatory permissions granted by the FSRA of ADGM empower Bitexen MENA and Bitexen
Custody to deploy a comprehensive ecosystem for the seamless trading and safekeeping of virtual
assets and fiat-referenced tokens within one of the world’s leading regulatory
jurisdictions for digital assets.
ADGM’ spioneering virtual asset regulatory framework,
introduced in 2018, has positioned Abu Dhabi as a premier global hub for regulated digital asset
activities and the preferred destination for next-generation financial
innovation.
The
Group’s expansion into UAE, in the ADGM, reflects not only its commitment to
regulatory excellence, but also its broader vision to build institutional-grade
infrastructure supporting the next generation of digital finance.
With
its ADGM entities, Bitexen Group enters the UAE market as an established
operator with years of experience managing large-scale digital asset platforms,
advanced security systems, and technology-driven financial products.
Looking ahead, Bitexen Group aims to be a cornerstone
contributor to the global
tokenisation infrastructure, supporting the development of regulated digital
asset ecosystems spanning tokenised real-world assets, blockchain-native
financial products, and institutional market infrastructure.
Kemal
Cenk Erdem, Chairman of Bitexen MENA and Bitexen Custody, commented:
“Receiving
these Financial Services Permissions from ADGM represents a defining milestone
for Bitexen Group and underscores our deep, long-term commitment to the UAE and
the wider MENA region.
We
are proud to establish our presence within one of the world’s most progressive
financial centres and look forward to delivering secure, transparent, and
trusted virtual asset trading and custody solutions to both institutional and
retail investors.
Abu
Dhabi will sit at the very heart of Bitexen Group’s international expansion as
we continue building regulated digital asset infrastructure for global markets.
We
extend our sincere appreciation to ADGM for fostering an environment that
supports innovation while maintaining the highest regulatory standards.”
About Bitexen Group:
Founded in 2018, Bitexen Group
serves nearly 5 million users globally. The Group operates through a robust,
multi-jurisdictional structure backed by a proven track record across digital
asset trading, institutional technology infrastructure, and financial services.
Beyond serving retail investors,
Bitexen Group is focused on enabling B2B digital asset infrastructure solutions
for financial institutions, payment providers, and banks. Having
previously collaborated with premier financial entities and private banking
institutions internationally, the
Group has proven its capability to accelerate institutional adoption of digital
assets and blockchain-based banking services.
Bitexen Group comprises Bitexen
Kripto Varlık Alım Satım Platformu A.Ş (Turkey), Bitexen SAF Pty Ltd (South
Africa), Bitexen Europe UAB (Lithuania), Bitexen MENA Ltd (UAE) and Bitexen
Custody Ltd (UAE), each registered in its respective jurisdictions. Entities
within Bitexen Group share same ultimate beneficial ownership.
About Bitexen MENA Ltd:
Bitexen MENA Ltd, registered at Tamouh
Tower, Al Reem Island, Office No: 3010, Abu Dhabi, United Arab Emirates, is granted
an FSP for Operating a Multilateral Trading Facility in relation to virtual
assets and fiat-referenced tokens, by the Financial Services Regulatory
Authority of Abu Dhabi Global Market, with license number 260043.
About Bitexen Custody Ltd:
Bitexen Custody Ltd, registered
at Tamouh Tower, Al Reem Island, Office No: 3011, Abu Dhabi, United Arab
Emirates, is granted an FSP for Providing Custody in relation to virtual assets
and fiat-referenced tokens, by the Financial Services Regulatory Authority of
Abu Dhabi Global Market, with license number 260044.
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