ABX – Arabian Bourse is a joint venture among GMEX Group and Arshad Khan aimed at creating the region’s first fully-regulated crypto asset exchange as well as custodian for institutional and retail investors. The GMEX-powered hybrid centralized & blockchain distributed ledger technology suite is being implemented by Arabian Bourse.
The Arabian Bourse has received In-Principal Approval from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) to establish and operate a full-fledged crypto assets exchange and digital custodian. ABX is currently forming and will be established under ADGM. The company recently attended the AIBC Summit 2022 in Dubai.
The event is considered one of the most important and influential events that are conducted in the field of crypto.
Vision, goal, and strategy for the company
ABX’s vision is to be the region’s leading institutional digital asset exchange and custodian, as well as a global player, with a completely integrated ecosystem that will enable it to become a preferred venue for digital asset listing, trading, and settlement, as well as associated custody, depository, as well as data services.
It will eventually serve as a link between MENA’s digital asset activity and other major digital asset hubs around the globe.
The GMEX Fusion hybrid centralized & blockchain distributed ledger technology suite, which is used and trusted by international regulated financial institutions, is being implemented by ABX.
ABX is building a fully integrated eco-system to become the preferred venue for crypto assets listing, trading, as well as a settlement with associated digital custody, depository, but also data services, to become the region’s leading institutional-grade crypto assets exchange as well as custodian.
ABX chose ADGM, Abu Dhabi, as its headquarters to take advantage of the region’s enlightened crypto asset regulatory framework, rapidly growing crypto-asset industry, the concentration of global financial institutions, as well as trusted regulatory regime.