MENA Fintech Association

FSRA Issues Consultation on Framework for Fiat Referenced Tokens

The Financial Services Regulatory Authority (FSRA) of ADGM has released Consultation Paper No. 9 of 2025, setting out a proposed regulatory framework for Regulated Activities involving Fiat Referenced Tokens (FRTs) and inviting public feedback on the proposals. The proposals build on the regulatory framework for the issuance of FRTs introduced by the FSRA in December […]

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BurjX Secures UAE Digital Asset Platform with Fireblocks Infrastructure

BurjX, a UAE-based digital asset trading platform licensed for both brokerage and custody services by the Financial Services Regulatory Authority (FSRA) of the ADGM, has announced it is using Fireblocks, an enterprise platform that provides digital asset infrastructure solutions, to support its trading and custody operations. Amid reports of over US$2.17 billion lost to crypto […]

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FSRA Updates Cyber Risk Management Rules for ADGM Financial Firms

The Financial Services Regulatory Authority (FSRA) of ADGM has announced the implementation of amendments to its regulatory framework concerning cyber risk management for Authorised Persons and Recognised Bodies. The updated requirements will take effect from 31 January 2026. The changes follow a consultation period and industry engagement stemming from Consultation Paper No. 3 of 2025. […]

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Shariah-Compliant Investment Platform Tabadulat Gains In-Principle Approval from ADGM

Tabadulat Limited (Tabadulat), a Shariah-compliant investing platform based in the UAE and registered with ADGM, has received In-Principle Approval from ADGM’s Financial Services Regulatory Authority (FSRA). This development comes shortly after the UAE Cabinet approved the country’s National Strategy for Islamic Finance and the Halal Industry on May 6. The strategy aims to strengthen the […]

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FSRA Licenses 272 Firms in 2024 Amid Key Regulatory Reforms

The Financial Services Regulatory Authority (FSRA) of ADGM has released its 2024 Annual Report, detailing key regulatory developments and reaffirming its role in maintaining a high-standard regulatory environment for financial services. The report outlines the FSRA’s continued efforts throughout the year to ensure its framework remains consistent with international standards, with a particular emphasis on […]

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BurjX Becomes Fully Regulated Crypto Platform Under ADGM Framework

BurjX, a digital asset trading platform founded in the UAE, has received Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) for brokerage and custody operations. With this approval, BurjX becomes a fully regulated platform offering trading in over 100 digital assets. This milestone positions it as one […]

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ADGM FSRA and Azerbaijan Central Bank Collaborate on Fintech and Capital Markets

The Financial Services Regulatory Authority (FSRA) of ADGM has signed a MoU with the Central Bank of the Republic of Azerbaijan to enhance collaboration in financial technologies, capital markets, and related areas. The agreement enables both authorities to exchange information and expertise, conduct joint training sessions, collaborate on research initiatives, and facilitate study visits. Emmanuel […]

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Zodia Custody Completes Acquisition of Abu Dhabi’s Tungsten Custody Solutions

Zodia Custody, a London-based institution-focused digital assets platform backed by Standard Chartered Ventures, Emirates NBD, Northern Trust, SBI Holdings, and National Australia Bank Ventures, has announced the completion of its acquisition of Tungsten Custody Solutions, a regulated digital asset custodian based in the UAE. This follows an earlier announcement in April regarding Zodia Custody’s intent […]

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IHC Launches AI-Powered Reinsurance Platform RIQ in Abu Dhabi

International Holding Company (IHC), a global investment firm, has announced the official launch of Reinsurance Intelligence Quotient (RIQ), a reinsurance platform based in Abu Dhabi Global Market (ADGM). This follows an earlier announcement and reflects the joint efforts of IHC, BlackRock, and Lunate to expand in the global insurance sector through the use of technology […]

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ADGM Implements New Regulatory Framework for Digital Assets

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has announced the immediate implementation of amendments to its regulatory framework for digital assets. These amendments follow extensive industry engagement and feedback received on Consultation Paper No. 11 of 2024. The key focus of the changes lies in refining the process through which […]

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