Bitexen units win Abu Dhabi crypto licenses

By AI, Created 11:56 AM UTC, May 27, 2026, /AGP/ – Bitexen MENA and Bitexen Custody have received Financial Services Permissions from Abu Dhabi Global Market’s regulator to run a trading venue and provide custody for virtual assets and fiat-referenced tokens. The approvals give the Bitexen Group a regulated base in the UAE as it expands across the MENA region and global digital asset markets.

Why it matters: - The permissions give Bitexen Group a regulated foothold in Abu Dhabi, one of the most active jurisdictions for digital asset oversight in the Gulf. - The approvals cover both trading and custody, which are core services for institutional and retail crypto users. - The move supports Bitexen Group’s push into regulated digital asset infrastructure and tokenisation markets.

What happened: - Bitexen MENA received a Financial Services Permission to operate a Multilateral Trading Facility for virtual assets and fiat-referenced tokens. - Bitexen Custody received a Financial Services Permission to provide custody services for virtual assets and fiat-referenced tokens. - The Financial Services Regulatory Authority of Abu Dhabi Global Market granted both permissions. - The announcement was dated May 27, 2026. - Bitexen Group selected ADGM in Abu Dhabi as the operational headquarters for its regulated entities in the UAE.

The details: - Bitexen MENA is registered at Tamouh Tower, Al Reem Island, Office No. 3010, Abu Dhabi. - Bitexen MENA holds license number 260043. - Bitexen Custody is registered at Tamouh Tower, Al Reem Island, Office No. 3011, Abu Dhabi. - Bitexen Custody holds license number 260044. - ADGM introduced its virtual asset regulatory framework in 2018. - The framework has helped position Abu Dhabi as a hub for regulated digital asset activity. - Bitexen Group said the UAE choice reflects the country’s leadership in financial innovation, digital asset regulation and institutional adoption. - Bitexen Group said the new permissions allow a broader ecosystem for trading and safekeeping of virtual assets and fiat-referenced tokens. - Bitexen Group was founded in 2018 and says it serves nearly 5 million users globally. - The group operates through entities in Turkey, South Africa, Lithuania and the UAE. - Bitexen Group said it has a track record in digital asset trading, institutional technology infrastructure and financial services. - The group also focuses on B2B infrastructure for financial institutions, payment providers and banks. - The company says it has worked with financial entities and private banking institutions internationally.

Between the lines: - The dual approvals suggest Bitexen Group is trying to control more of the crypto value chain, from trading to custody, under one regulated setup. - Abu Dhabi continues to compete for global digital asset firms by pairing licensing with a clear regulatory framework. - The company’s emphasis on institutional infrastructure points to a strategy beyond retail trading.

What’s next: - Bitexen Group plans to use its ADGM entities as a base for expansion across the MENA region and beyond. - The group says it wants to help build regulated tokenisation infrastructure for tokenised real-world assets, blockchain-native financial products and institutional market infrastructure. - Abu Dhabi will remain central to Bitexen Group’s international expansion strategy, according to Kemal Cenk Erdem, chairman of Bitexen MENA and Bitexen Custody.

The bottom line: - Bitexen Group now has regulatory permission in Abu Dhabi to trade and custody virtual assets under ADGM oversight, giving the company a stronger platform for regional and international growth.