Bitexen crypto exchange and custodian receives license from ADGM in UAE
Bitexen MENA, a subsidiary of Bitexen Group, a digital assets exchange and custodia, has received a license ( Financial Service Permission) from FSRA in ADGM UAE to operate a multilateral trading facility, crypto exchange as well as a virtual asset custody license under Bitexen Custody.
In both licenses Bitexen will be able to trade and custody virtual assets and fiat referenced tokens.
As per the announcement, 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.
The license in ADGM in UAE is part of Bitexen’s international growth strategy. 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.
The regulatory permissions granted by the FSRA of ADGM allow Bitexen MENA and Bitexen Custody to deploy a comprehensive ecosystem for the seamless trading and safekeeping of virtual assets and fiat-referenced tokens.
Bitexen Group noted that it also aims to be a cornerstone contributor to the global tokenization infrastructure, supporting the development of regulated digital asset ecosystems spanning tokenized 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.”
Already Bitexen serves 5 million clients globally by enabling B2B digital asset infrastructure solutions for financial service institutions, payment providers, and banks.
