Contents

Introduction

Digital Asset Management”s journey started 5 months ago after months of work and deliberation. In that time we have made new relationships with you. As clients, partners, contacts and beyond. In that time we have also expanded our team, our offering and more importantly have made significant progress in positioning ourselves to be one of Gibraltar”s first regulated institutions providing Digital Asset custodianship, market advisory and management services. This week we will be filing our regulatory application with the Gibraltar Financial Services Commission as a Distributed Ledger Technology provider.

Let us update you briefly.

1. Security & Processes Overhaul

We have spent our time establishing robust processes to maximise the security and safe-keeping of Digital Assets in cold storage held by DAM. This includes reviewing our vault facilities, increasing cyber security and setting ourselves on course for ISO:27001 compliance, enhancing layers of encryption, secure processes, policies and the acquisition of new hardware to facilitate the on-boarding demands that are being experienced from the Retail and Institutional market.

In addition to Digital Assets being held in bank-grade secure facilities we have also increased the robustness of our protections. We have also set up a security, vault and technology committee including independent advisors where we meet monthly, or more frequently as needed, to review various matters that the committee is tasked with. We also have aspects of our security reviewed on a weekly basis and receive manual and virtual penetration testing of our facilities.

We have also extensively reviewed all elements of internal processes and best practices on execution and third party risk.

2. Advisory

Our work over recent months has also included complimenting existing skills within the Company. As a result, we are pleased to announce that we have secured the addition of a non-executive director who adds a depth of ability and experience in financial services to our firm. We are also pleased to announce that we have secured the assistance of various advisors, internationally and in Gibraltar, who are tasked with assisting and scrutinising the firm”s ongoing practices in respect of its legal, compliance, investment, financial services and business development matters.

3. Partnerships

We have entered into relationships and been in discussions with various partners and counterparties to enhance our core offering and facilitate services ancillary to our key offerings. This includes, due to the increasing institutional demand of funds and ICO projects, the possibility of securing further purpose-built facilities located in Gibraltar.

We have been operational since December 2017 and have received a high volume of enquiries whilst improving our business and processes as precautions of our regulatory alignment. If you wish to enquire about our services outlined below, please reach out.

by Philip Vasquez

Discover Damex App

Mobile Payments

Your Instant, Easy, and Safe Mobile Payment App

Exchange of fiat and digital assets

Simplify Your Asset Exchange Experience

Accounts

We’ve got the right solution to keep your funds safe

Step gamification

Turn Your Finances into a Rewarding Adventure!!

Damex Co-branded Visa Card

Swipe, Shop, and Celebrate: Financial Freedom with Damex Visa Cards!

Cashback

Unlock the True Potential of Your Finances

Discover Damex Business

Trading

Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes

IBANs

Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.

Custody Solutions

Damex offers three alternative custody solutions.

About us

Find out more about Damex.

Career

Join the DAMFAM.

Culture

We are dynamic, we are progressive, we are united.

Team

We are dedicated to make ownership and management of Digital Assets simplified.