Damex Business helps clients improve the efficiency and profitability of their global payments processes through the movement, management and integration of digital and fiat assets.
they immediately assume it involves high-risk exposure to the volatility of the crypto markets. However, that couldn’t be further from the truth when it comes to the services offered by Damex Business. In fact, most of our clients use our solutions to protect themselves against volatility, to gain stability and predictability, to reduce costs and to increase the speed and efficiency of their payments systems.
At the epicentre of what we do is the conversion of digital assets (usually stablecoins) to fiat currencies and vice-versa in the most efficient and cost-effective way possible.
Stablecoins are pegged to the value of a fiat currency – normally the US dollar – although new stablecoins are emerging pegged to the euro and to sterling. Poundtoken’s 1GBP is a shining example of this.
is that they can be sent directly from the owner to any recipient without the need for an intermediary such as a bank. Often payments sent through banks can be slow and expensive, particularly international cross-border payments. Payments made with stablecoins using blockchain technology are instant and low-cost. Blockchain technology also means that all the records of every transaction are recorded and cannot be altered, so both the sender and the recipient can be certain that their funds are secure.
Damex Business facilitates stablecoin payments for clients around the globe reducing their costs, the time required for payments to be made and protecting them against volatility in local fiat currencies.
Damex Business was granted a DLT licence by the Gibraltar Financial Services Commission in 2017 after a lengthy, rigorous and demanding application process. Only 14 of these licences have ever been issued which is a reflection of the standards laid down by the GFSC under Gibraltar’s DLT regulatory framework.
This licence gives certainty to all that Damex Business implements the highest possible standards of governance ensuring client funds are fully protected and secure.
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Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes
Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.
Damex offers three alternative custody solutions.
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We are dynamic, we are progressive, we are united.
We are dedicated to make ownership and management of Digital Assets simplified.
