Bitexen ADGM Permissions Put Trading And Custody Under FSRA Rules

Bitexen Receives Two FSRA Permissions

Bitexen Group has secured two regulatory permissions in Abu Dhabi Global Market, giving its UAE entities a clearer route into regulated virtual-asset market infrastructure.

Bitexen MENA received a Financial Services Permission from the Financial Services Regulatory Authority of ADGM to operate a Multilateral Trading Facility for virtual assets and fiat-referenced tokens.

Bitexen Custody received a separate permission to provide custody services for the same asset classes.

The announcement is company-issued and hosted on ADGM’s media page.

Its concrete evidence is the pair of FSRA permissions, the named ADGM entities, the Multilateral Trading Facility role, the custody permission and the focus on virtual assets and fiat-referenced tokens.

The public record still lacks trading volumes, client names, token lists, capital commitments or a public launch timetable.

Abu Dhabi Becomes The Regulated Base

Bitexen Group said it has chosen ADGM in Abu Dhabi as the operational headquarters for its regulated entities.

The company frames the move as part of a wider international expansion strategy rather than a single product launch.

A trading facility and a custody business are different parts of digital-asset infrastructure: one supports venue access, while the other holds assets for users.

ADGM’s permission gives Bitexen a regulated structure for both functions in the same financial centre.

The announcement also links the permissions to fiat-referenced tokens.

That keeps the story near digital payments and tokenised settlement infrastructure, even though the main category remains crypto and Web3 because the permissions cover virtual-asset trading and custody.

ADGM’s 2018 Framework Anchors The Expansion

Bitexen said the statement points to ADGM’s virtual-asset regulatory framework, introduced in 2018, as the policy base for regulated digital-asset activity in Abu Dhabi.

Bitexen says the permissions let its two entities build a trading and safekeeping ecosystem for virtual assets and fiat-referenced tokens.

The company also says its longer-term work will include tokenisation of real-economy instruments, financial products built directly on blockchain rails and infrastructure aimed at institutional markets.

Those are future-facing claims, not evidence that such products are already live in the UAE market.

Bitexen can operate a regulated trading venue and custody service in ADGM, while volume, client, token and launch details remain outside the public record.

Kemal Cenk Erdem, chairman of Bitexen MENA and Bitexen Custody, described the FSRA permissions as a milestone for the group’s UAE and MENA commitment.

He said Abu Dhabi would sit at the heart of Bitexen Group’s international expansion as it builds regulated digital-asset infrastructure for global markets.

Bitexen Does Not Name Clients, Listed Assets Or Launch Date

The permissions give Bitexen a regulated Abu Dhabi base for virtual-asset trading and custody, but the announcement leaves the operating proof for a later stage.

It does not name first banks, asset managers, retail partners or sovereign clients.

It also does not identify the first fiat-referenced tokens, supported virtual assets, fee model, liquidity providers or launch date for public activity.

Bitexen’s ADGM entities now have the disclosed FSRA permissions; named clients, live product scope, listed assets and measurable trading or custody activity remain undisclosed.