Opening corporate bank accounts has become harder, especially for medium and high-risk companies. The process takes longer and banks are more cautious. Damex helps speed up the application process and is skilled at handling medium and high-risk businesses, avoiding delays.
Damex Business can open accounts with International Bank Account Numbers (IBAN’s) for companies based in the EU or the EEA.
Our solution speeds up the process so you can get your new IBAN account in just a few days.
Damex is a partner of Modulr Finance B.V which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution for the issuance of electronic money and payment services.
IBAN accounts can be used to make and receive 3rd party payments. Practically, they serve as corporate operational accounts set up in the client’s name. We can even provide multiple sub-accounts allowing segregation of funds. Clients access their accounts through a Damex-developed portal which lets them execute transactions, view account history, and monitor current transactions. It functions just like an online account with all the usual features.
Digital Assets are High Risk Assets
Purchasing and investing in Digital Assets is a high-risk activity which incurs risks which are not inherent in managing traditional financial instruments and other assets. The value of digital assets, other digital assets or fiat currencies is not indicative of future performance.
Digital Asset Management Limited is a Company registered in Gibraltar with registration number 116618, with registered business names and trading as ‘Damex’ and ‘Damex.io’. Damex is authorised by the Gibraltar Financial Services Commission (Licence Number 24738) as a Distributed Ledger Provider to provide custody solutions and broker/dealer services under the Financial Services Act. These services are separate and unrelated to the account and payment services you receive from Modulr FS Ltd. Digital Asset Management Limited is a registered EMD agent of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited.
Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK). Click here to find out assets are safeguarded in the UK and Gibraltar.
Damex only interacts with clients who are either professional, accredited or sophisticated investors and on the basis that any such client has made its own assessment of its financial ability and willingness to accept the risks inherent in the transactions, products, assets or currencies available through Damex. Damex does not transact with or provide services to retail investors or consumers. Please also see our Risk Notice for further information.
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Reliable, secure, and regulatory-compliant crypto payment solutions for high-risk industries.
Find out more about Damex.
Founded by Sam Buxton and Thomas Johnson, Damex evolved from crypto custodial solutions to a global fintech powerhouse, handling $2.5 billion in transactions
We are dynamic, we are progressive, we are united.
We are dedicated to simplifying ownership and management of Digital Assets.
Join the DAMFAM.
