MAGNAV Emirates

Desk Reporter

BurjX Earns FSRA Approval and Debuts a Fully Regulated Crypto Trading Hub in ADGM

BurjX Earns FSRA Approval and Debuts a Fully Regulated Crypto Trading Hub in ADGM

BurjX Earns FSRA Approval and Debuts a Fully Regulated Crypto Trading Hub in ADGM By Desk Reporter In a significant step for the UAE’s fintech landscape, BurjX, conceived and built in the Emirates, has been granted its Financial Services Permission (FSP) by the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM). This milestone enables BurjX to operate as a fully compliant digital asset brokerage and custody platform, immediately offering a selection of over 100 digital tokens. Homegrown Platform With Global Design BurjX comes to life under the leadership of two visionary founders: Omar Abbas, co-founder of Canada’s NDAX exchange, and Adam Ferris, a Harvard JD/MBA alumnus with experience at Goldman Sachs. Abbas emphasizes that BurjX is “not another imported platform entering the UAE” but rather a native venture positioned to lead globally. Their mission resonated with regulators. In the words of Ferris, BurjX’s debut “validates the strength of our infrastructure…the calibre of our team,” and underscores their ambition to be a global blockchain contender from day one. Seamless On-Ramps for AED Transactions A standout feature is the platform’s deep integration with Zand Bank, which allows instant AED deposits and immediate access to trading across its digital asset lineup. This fiat-to-crypto gateway is rare even among regional exchanges and positions BurjX as a frontrunner in delivering frictionless, regulated access to digital finance. Institutional-Grade Security and Custody BurjX is one of the few platforms in ADGM licensed for both brokerage and custody. Beneath its user-friendly interface lies a hybrid architecture: A NASDAQ-grade engine capable of processing over 1 million transactions per second Secure storage powered by Fireblocks’ MPC protocols Multi-layered governance, including hot and cold wallet insurance coverage. This robustness ensures that both retail and institutional users benefit from top-tier infrastructure and risk management. Governance Anchored in Expertise GSquared oversight is provided by Dr. Ryan Lemand, a former Binance boa. His presence on the board strengthens BurjX’s regulatory foundation and internal compliance frameworks. Catering to HNWI and Family Offices BurjX is already welcoming institutional capital through its Private Client Division, offering personalized services such as over-the-counter trades, dedicated client coverage, and portfolio structuring. This aligns with the platform’s flexibility to serve both first-time crypto users and seasoned investors. Context in a Rapidly Expanding Market The move comes at a pivotal time. The UAE’s crypto ecosystem is projected to generate around US $396 million in revenue this year, with an estimated 3.88 million crypto users by 2026, nearly one-third of the population. In this environment, regulated, locally grounded exchanges like BurjX fill a critical void between global offshore platforms and local regulatory standards. What This Means for ADGM and the Region ADGM, headquartered on Al Maryah Island and known for its common-law system and strong governance, launched its virtual assets framework in 2023. With BurjX now fully regulated under FSRA, the centre takes another leap in positioning itself as the GCC’s virtual asset powerhouse. This approval signals to international players that the UAE isn’t just open to building digital finance it on solid ground. Looking Ahead With its license secured and trading platform live, BurjX plans to expand across the UAE and beyond. Future enhancements include additional token listings, expanded fiat support, staking and yield products, institutional custody services, and the potential to tokenize real-world assets

The UAE’s Mental Fitness Revolution in Sport

The UAE’s Mental Fitness Revolution in Sport

The UAE’s Mental Fitness Revolution in Sport By Hafsa Qadeer There was a time when training meant lifting heavier, running faster, pushing limits until they broke. But in the UAE, a quieter revolution is unfolding, one that doesn’t build only biceps, but resilience, clarity, and emotional strength. Welcome to the era where sports begin not in the gym, but in the mind. In this desert nation, once defined by grit and endurance, mental fitness is becoming the new frontier of athletic excellence. Because here, they understand: before you conquer the track or the ring, you must first conquer yourself. Training the Brain Like a Muscle Across the Emirates, from Al Ain’s endurance camps to Dubai’s high-tech performance centers, a shift is underway. Coaches are no longer just timing sprints or counting reps. They’re introducing breathwork, mindfulness, and even guided visualization. Emirati athletes now begin their day with meditation before warm-up drills. It’s not just ritual, it’s a strategy. Neuroscientists and sports psychologists are joining teams alongside nutritionists and physiotherapists. This is peak performance, reimagined. Youth Athletes, Wiser Sooner The UAE’s grassroots sports programs aren’t waiting for burnout to intervene. Young athletes are taught early that mental health is as important as physical form. In Jiu-Jitsu academies, emotional regulation is part of the belt journey. In football camps, teens journal before they train. It’s not softness, it’s preparedness. Anxiety, fear of failure, and pressure don’t vanish at the professional level. They are trained for, just like a technique. This psychological scaffolding is producing not only stronger athletes but better humans. Breaking the Stigma For years, conversations around mental health in the Arab world were subdued, often private. But sport has become the bridge. When Olympic athletes speak publicly about panic attacks or performance anxiety, they do more than inspire, they liberate. The UAE has leaned into this with intention. Sports councils sponsor therapy sessions for elite athletes. Media campaigns normalize therapy in Arabic. Even mosques partner with wellness centers to offer spiritual resilience alongside sports recovery. In this fusion of faith and focus, a new kind of strength is being born. Technology Meets the Mind Of course, in the UAE, innovation is never far behind. AI-powered wearables now track not just heart rate, but stress levels and cognitive fatigue. Mental wellness apps designed specifically for Arabic speakers offer custom affirmations, guided breathing, and resilience coaching. Virtual reality training simulates pressure-filled moments, a penalty shootout in front of 10,000 fans, a final lap with milliseconds on the clock. Athletes train not just for technique but for temperament. And in this calibrated calm, victory becomes more than a scoreboard. Redefining Winning What does it mean to win in the 21st century? Gold medals will always shine, but the UAE is beginning to ask deeper questions: Can you sleep peacefully after the competition? Can you walk off the field knowing you gave all without breaking yourself? Can you lose with grace, and come back stronger? This is a shift from legacy to longevity. The Spirit of Sport, Reinvented Sport was never just about the body. It was always a mirror of the soul, a test not only of limits but of character. And in the UAE, that character is being shaped with unprecedented care. Because in a nation where athletes are role models, not just winners, the real triumph is not just lifting a trophy, it’s lifting yourself. Here, mental fitness isn’t an accessory. It’s the foundation. And it’s proving that the mind is, after all, the strongest muscle of all.