ABX – Arabian Bourse is a joint venture between GMEX Group and Arshad Khan to establish the first of its kind fully regulated, crypto asset exchange and custodian in the region focused on institutional and retail investors. The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has given In-Principal Approval to the Arabian Bourse to establish and operate a full-fledged crypto assets exchange and digital custodian. ABX is currently under formation and shall be set up under ADGM.
Business Vision, Objective and Strategy
The vision of ABX is to be the leading institutional grade digital assets exchange and custodian in the region and a major player globally with a fully integrated ecosystem which will allow it to become a preferred venue for digital asset listing, trading and settlement with associated custody, depository and data services. It will ultimately act as a bridge between aggregating MENA digital assets activity linked to other major digital asset centres around the world.
ABX is implementing the proven GMEX Fusion hybrid centralised & blockchain distributed ledger technology suite, which is deployed and trusted by international regulated financial institutions around the globe. With a goal to be the leading institutional grade crypto assets exchange and custodian in the region, ABX is building a fully integrated ecosystem to become the preferred venue for crypto assets listing, trading and settlement with associated digital custody, depository and data services.
ABX has chosen to be based in ADGM, Abu Dhabi, to benefit from the enlightened crypto asset regulatory framework, rapidly growing crypto asset industry in the region, concentration of global financial institutions and a trusted regulatory regime.