Abu Dhabi-based Matrix goes live with more virtual assets approved by ADGM


Matrix, a global multilateral virtual asset trading platform, lists two new assets: XRP and XLM. The listings come as part of Matrix’s bid to bring a wider array of options to traders and investors around the world. Abu Dhabi Global Market (ADGM), the leading global jurisdiction for virtual assets, approved these assets for listing on Matrix’s regulated platform.

ADGM is an award-winning financial center and an International Financial Free Zone. With governing from the Registration Authority (RA), the Financial Services Regulatory Authority (FSRA) and ADGM Courts, ADGM advocates for a fair and transparent trading ecosystem. ADGM’s thorough regulatory practices ensure that all approved assets are consistent with their internationally-recognized standards.

Matrix expands its list of supported virtual assets to include:

  • XRP, native currency of RippleNet, a blockchain-based payments network, 
  • Lumen (XLM), native currency of Stellar, a decentralized protocol for exchanging cryptocurrencies to fiat.

“Our goal at Matrix has always been to give retail and corporate investors a single platform with the security of regulatory oversight,” says Vasja Zupan, President of Matrix. “We are thrilled to broaden our array of tokens and stablecoins as the first Multilateral Trading Facility in ADGM to expand our virtual asset offering, with even more additions underway. We pride ourselves in granting investors peace of mind through safe and expanding regulated trading choices for our community.”


About Matrix 

Based in Abu Dhabi, Matrix is a globally operated and regulated Multilateral Trading Facility and Custodian that is dedicated to providing a compliant, secure, and fast virtual asset trading experience. Matrix has obtained its license from the Abu Dhabi Global Market (ADGM) in relation to Virtual Assets. Matrix provides AML/KYC compliance, regulatory oversight, and offline storage to secure the platform and users, as well as multi-node disaster tolerance, remote disaster recovery, and multi-server switching to ensure stability and reliability of the trading system. By leveraging its high-performance core matching engine, Matrix is able to undertake large volumes of trading orders. Matrix is one of the few global trading venues providing support for global fiat deposits, enabling faster trading. For more information, visit https://www.matrix.co/ 

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice 

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