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 (Financial Services Regulatory Authority) of ADGM, the International Financial Centre (IFC) of Abu Dhabi.
This 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.
Comprehensive ecosystem
These regulatory permissions were 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.
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.
“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,” commented Kemal Cenk Erdem, Chairman, Bitexen MENA and Bitexen Custody.
