Digital Asset Management

What Digital Asset Management does

Digital Asset Management Limited, operating as Damex, is a Gibraltar-registered fintech specialising in stablecoin payment infrastructure for professional and accredited businesses. Founded in 2017, the company has evolved from a crypto custody provider into a multi-product platform that processes cross-border stablecoin payments, treasury operations, IBAN-anchored corporate banking, OTC trading, custody, and yield products. Damex serves verticals including iGaming operators, payment service providers, FX and remittance companies, virtual asset service providers, and high-risk businesses, and it does not serve retail consumers or clients in the United States. Reported cumulative transaction volume is $2.5 billion across more than 150 OTC trading pairs.

The platform is API-driven, combining blockchain rails with traditional banking compliance, and exposes both a managed VIP OTC desk and a self-serve eOTC portal with treasury management and full audit trails. Custody is delivered through Fireblocks and Ledger Enterprise Tradelink partnerships, supplemented by an interest-bearing Poundtoken (1GBP) custody option yielding up to 3.5% per annum. Regulatory standing includes a Gibraltar Financial Services Commission Distributed Ledger Provider licence (Number 24738), FCA-regulated status as an EMD agent of Modulr FS Limited, and Poundtoken's Isle of Man Money Transmission Services Licence. The architecture is modular, with international stablecoin payments, business IBANs, batch crypto payments and payroll, crypto-enabled invoicing, treasury and transaction management, and yield solutions delivered as integrated components.

Revenue is generated primarily through OTC and eOTC transaction fees, IBAN-related fees, managed custody services, and usage-based yield on Poundtoken balances, with pricing conducted on a quote-based, pay-as-you-go basis. Go-to-market is a hybrid of enterprise field sales for OTC VIP and IBAN solutions and a self-serve channel through the eOTC portal, supported by global processor partnerships, a local broker network for fiat-to-stablecoin conversion, and direct B2B content marketing via the damex.io website. Leadership includes Co-Founder and CEO Sam Buxton, Co-Founder and COO Scott McKim, and Chief Commercial Officer Pete Burgess, with the firm operating at a headcount of 11-50 from its Gibraltar headquarters.

Name

Digital Asset Management

Legal name

Digital Asset Management Limited

Website

https://dam.gi

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Damex is a Gibraltar-licensed fintech providing stablecoin payment infrastructure, OTC trading, custody, business IBANs, and yield products to professional businesses in iGaming, payments, FX/remittance, and digital asset sectors.

Ownership category

akta.pro rank

Product category

Digital Asset Payment Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)

akta.pro secondary industries

Fiat On/Off-Ramps & Payment Rails (Exchange-Operated) (FSADAAAF), Crypto Payments & Digital Asset Settlement for Gaming (MPAEALAL), Centralized Crypto Exchanges (CEX) (FSAPADAA)

Keywords

• Stablecoin payment solutions
• Crypto custody services
• Digital asset management
• International stablecoin remittances
• Crypto OTC trading

Headquarters

HQ city

Gibraltar

HQ country

Gibraltar

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain

Revenue model

1. OTC Trading Services: Managed VIP OTC service where clients inform trading team of desired trades, team executes trades and provides receipts. Over 150 trading pairs with competitive rates due to scale of operation. No value limits on trades.
2. eOTC Trading Portal: Self-service online portal for clients to execute their own trades with treasury management functionality.
3. IBAN Solutions: Dedicated IBAN provision for UK, EU, and EEA companies enabling unlimited 3rd party payments in GBP or EUR.
4. Custody Solutions: Custody services through Fireblocks and Ledger Enterprise Tradelink partnerships, plus interest-bearing Poundtoken custody option.
5. Payment Processing: On-ramp and off-ramp services for digital asset payments and deposits through global processor partnerships.
6. Yield Solutions: Poundtoken integration allowing clients to earn rewards up to 3.5% per annum on assets held.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels3 records

Core offering

Digital Asset Management Limited (Damex) is a regulated fintech firm providing stablecoin payment infrastructure for businesses. It offers OTC and eOTC trading desks, dedicated business IBANs, digital asset custody, crypto batch payments and payroll, crypto-enabled invoicing, international stablecoin remittances, treasury management, and stablecoin yield solutions targeting professional and accredited investors in iGaming, payments, FX/remittance, and VASP sectors.

Product overview

Damex is a stablecoin payment solutions provider offering a platform-plus-modules architecture. The core offering combines international stablecoin payments, compliant crypto services, treasury management, and business IBAN solutions as integrated modules. Supporting services include OTC and eOTC trading desks for digital asset conversion, on-ramp and off-ramp processing solutions, custody options (Fireblocks, Ledger Enterprise Tradelink, Poundtoken), crypto batch payments and payroll, crypto-enabled invoicing, and yield solutions. The platform is API-driven with fully automated solutions for business integration.

Differentiator

Problem solved

Functional benefit

Products and services

• OTC Trading Desk Managed OTC trading service where Damex's trading team executes client-directed digital asset trades with no value limits and access to over 150 trading pairs at competitive rates. Aimed at professional and accredited investors requiring high-touch execution.
• eOTC Trading Portal Self-service online portal that allows clients to execute their own digital asset trades with treasury management functionality and complete audit trails. Designed for professional businesses that prefer self-managed transaction execution.
• Business IBAN Solutions Dedicated IBAN provision for companies registered in the UK, EU, and EEA enabling seamless acceptance and execution of unlimited 1st and 3rd party payments in GBP or EUR. Targets high, medium, and low-risk businesses requiring fiat rails alongside stablecoin infrastructure.
• Crypto Batch Payments and Payroll Solution for processing bulk crypto payments and payroll runs, enabling businesses to disburse funds to multiple recipients efficiently using stablecoins and digital assets.
• Crypto-enabled Invoicing Services Invoicing service that allows businesses to issue invoices and accept settlement in cryptocurrencies and stablecoins. Targeted at firms wanting to offer crypto payment options to their customers.
• Treasury and Transaction Management Treasury management service providing real-time transaction oversight, advanced reporting dashboards, and automated audit trails for businesses managing digital asset balances alongside fiat reserves.
• International Stablecoin Payments Cross-border stablecoin remittance service delivering faster, lower-cost international payments using stablecoins, supported by Damex's global network of local brokers for local currency on-ramp and off-ramp.
• Compliant Crypto Services Regulatory and compliance-focused crypto service package that helps businesses navigate evolving crypto regulations across jurisdictions, including KYC/AML and licensing-adjacent support.
• Damex Custody Solutions Custody service for digital assets delivered through partnerships with Fireblocks (standard custody), Ledger Enterprise Tradelink network (institutional scenarios), and Poundtoken (interest-bearing GBP stablecoin custody).
• Damex On-Ramp On-ramp service enabling businesses to accept digital asset payments and deposits, delivered through partnerships with global processors and tailored closed-loop solutions.
• Damex Off-Ramp Off-ramp service converting digital assets to fiat through Damex's OTC desk with settlement into designated client fiat accounts, supported by a global broker network for local currency to stablecoin conversion.
• Yield Solution Stablecoin-based yield service that maximizes returns on treasury reserves, offering up to 3.5% per annum through integration with the Poundtoken (1GBP) regulated GBP stablecoin.

Quantifiable outcome

• $2.5 billion in total transactions processed
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature4 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• FireblockscoreTechnology or IntegrationPrimary custodial partner for standard custody solutions. Fireblocks stores and moves over $200 billion worth of digital assets monthly, providing enterprise-grade security and infrastructure for Damex's custody operations.
• Ledger Enterprise TradelinkcoreTechnology or IntegrationGroundbreaking Ledger Enterprise Tradelink network providing open, enterprise-grade platform for specialist institutional scenarios with advanced risk management and regulatory requirements.
• Poundtoken (1GBP)flagshipStrategic or Co-development PartnerFlagship partnership for Damex Business Rewards programme. Poundtoken is the first regulated GBP stablecoin issuer in the British Isles, 100% backed by GBP in Bank of England accounts. Enables yield up to 3.5% per annum on held assets. Audited by KPMG quarterly.
• Modulr FS LimitedcoreTechnology or IntegrationRegistered EMD (Electronic Money Distributor) agent of Modulr FS Limited. Modulr is FCA-regulated (Reference Number: 900573) Electronic Money Institution providing account and payment services, ensuring safeguarding in line with Electronic Money Regulations 2011.
• Global Leading ProcessorscoreChannel Partner/ Reseller/ DistributorPartnerships with global leading processors to enable clients to accept digital asset payments and deposits. Each solution is tailor-made to cater for specific use cases with best-of-breed, closed-loop solutions.
• Global Network of Local BrokerscoreChannel Partner/ Reseller/ DistributorGlobal network of local brokers facilitating conversions of local currencies into stablecoins, enabling instant, safe cross-border transactions for clients.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• BVNK: BVNK is a B2B payments platform enabling businesses to send, receive, and settle payments using stablecoins and traditional currencies. It is the closest direct competitor to Damex, targeting enterprise clients with multi-currency accounts, payment processing, and stablecoin settlement across similar verticals including iGaming.
• BCB Group: BCB Group provides business accounts, payment processing, and treasury services optimised for crypto and stablecoin flows, serving institutional clients, VASPs, and corporates. Comparable to Damex in offering OTC, payment, and treasury infrastructure with a regulatory-licensed (FCA, FINMA) B2B model.
• CoinsPaid: CoinsPaid provides crypto payment processing and banking solutions with a strong specialisation in iGaming, gambling, and high-risk merchants. It directly overlaps with Damex's iGaming and high-risk vertical focus and competes for the same operator customer base across stablecoin settlement.
• Alchemy Pay: Alchemy Pay is a crypto payment gateway enabling merchants and businesses to accept and pay using both fiat and crypto, including stablecoins. It offers on-ramp/off-ramp, card issuing, and B2B payment APIs comparable to Damex's on-ramp/off-ramp and stablecoin payment stack.
• Triple-A: Triple-A is a licensed crypto payment processor offering businesses the ability to accept and disburse payments in stablecoins and other digital assets. It targets enterprise merchants, PSPs, and platforms with API-driven settlement, directly comparable to Damex's payment processing proposition.
• Wirex: Wirex is a crypto-enabled payments platform offering accounts, cards, and OTC/stablecoin services for both consumers and businesses. It competes with Damex in the regulated UK/EU corridor with FCA registration and stablecoin-based payment products aimed at professional users.
• 3S Money: 3S Money provides multi-currency business accounts, FX, and international payment services, increasingly including digital asset and stablecoin capabilities. It competes with Damex's IBAN and international stablecoin payment offering for UK/EU/EEA-registered corporates.
• OpenPayd: OpenPayd offers embedded finance infrastructure including multi-currency IBANs, payment processing, and FX-as-a-service, increasingly integrated with stablecoin rails. It directly competes with Damex in providing regulated IBAN/payment infrastructure to UK/EU businesses and PSPs.

Broad incumbents

• Circle: Circle is the issuer of USDC and operates Circle Payments Network for B2B cross-border settlement, plus APIs for businesses to integrate stablecoin payments. It is a broad incumbent competing with Damex in stablecoin payment rails, custody, and treasury use cases, with substantially greater scale and capital.
• Fireblocks: Fireblocks is Damex's primary custody partner but also offers payment, treasury, and stablecoin orchestration services directly to financial institutions. As a broad incumbent in digital asset infrastructure, it could either remain a partner or compete with Damex in the B2B payment orchestration layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds3 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Digital Asset Management