Damex
- Company typePrivate
- Founded2017
- HeadquartersGibraltar, Gibraltar
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
Damex firmographics
Firmographics- Name
- Damex
- Legal name
- Digital Asset Management Limited
- Website
- https://damex.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Damex industry classification
Industry- Product category
- Stablecoin payment infrastructure for businesses
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)
- akta.pro primary industry
- Crypto Payments & Stablecoin Settlement Platforms (BPAMAFAL)
- akta.pro secondary industries
- B2B Crypto Payouts, Mass Payments & Treasury Disbursements (FSADAIAF), Settlement, Reconciliation & Merchant Treasury Tools (Crypto) (FSADAIAK), Mint/Redeem, Issuance APIs & Treasury Operations Platforms (FSADADAE), Invoice, Billing & Subscription Payments (Crypto) (FSADAIAG)
Keywords
Where Damex is headquartered
LocationHeadquarters
- HQ city
- Gibraltar
- HQ country
- Gibraltar
Offices5 records
Markets served
Damex business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others
Revenue model
- OTC Trading Services: Managed OTC VIP service where Damex trading team executes trades on behalf of clients. No value limits on trades with over 150 trading pairs. Revenue generated through spreads and transaction fees on trades.
- eOTC Self-Service Trading: Online portal allowing clients to perform their own trades with treasury management functionality. Revenue from transaction fees on self-executed trades.
- IBAN Services: Dedicated IBAN solutions for businesses enabling 1st and 3rd party payments in GBP and EUR through partnership with Modulr FS Ltd and Modulr Finance B.V.
- Custody Solutions: Digital asset custody services through Fireblocks and Ledger Enterprise networks, providing secure storage and movement of digital assets
- Stablecoin Payment Processing: International stablecoin payments for cross-border transactions, batch payments and payroll services
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
Damex product offering
Product offeringCore offering
Damex provides B2B stablecoin payment infrastructure for businesses, including international cross-border stablecoin payments, business IBANs via Modulr, crypto batch payments and payroll, crypto-enabled B2B invoicing, treasury and transaction management through its eOTC portal, OTC and eOTC digital asset trading with 150+ trading pairs, institutional custody via Fireblocks and Ledger Enterprise, yield solutions through the 1GBP regulated GBP stablecoin, and MiCA-aligned compliant crypto services. Customers access these through direct enterprise sales, a self-service eOTC portal, and fully automated APIs.
Product overview
Damex is a B2B stablecoin payment solutions provider offering a comprehensive suite of crypto and fiat payment services. The platform operates as a modular ecosystem comprising: International Stablecoin Payments for cross-border remittances; Compliant Crypto Services with MiCA-aligned infrastructure; Business IBAN Solutions providing SEPA access; Crypto Batch Payments & Payroll for bulk disbursements; Crypto-enabled Invoicing for B2B transactions; Treasury & Transaction Management via the eOTC portal; Yield Solutions (1GBP) generating up to 3.5% APY on stablecoin holdings; OTC and eOTC trading desks with 150+ trading pairs; and Custody Solutions through Fireblocks and Ledger. The company processes over $2.5 billion in transactions and serves 700+ clients, combining blockchain speed with regulatory compliance.
Differentiator
Problem solved
Functional benefit
Products and services
- International Stablecoin Payments A stablecoin-powered solution enabling businesses to send and receive instant international payments, avoiding high FX fees and intermediary banking costs while ensuring regulatory compliance with EU laws including MiCA.
- Compliant Crypto Services A fully compliant framework for operating within the EU, aligned with MiCA requirements, offering Malta-based licensing for crypto businesses to meet regulatory obligations with secure audit trails and transparent transaction management.
- Business IBAN Solutions Dedicated IBAN solutions providing seamless 1st and 3rd party payments for businesses, with direct access to the SEPA banking network and regulatory compliance for UK, EU, and EEA companies via partnerships with Modulr FS Ltd and Modulr Finance B.V.
- Crypto Batch Payments & Payroll A service enabling businesses to disburse mass payments instantly in stablecoins, reducing administrative costs and errors while ensuring timely payroll processing with blockchain-powered automation.
- Crypto-enabled Invoicing Services B2B invoicing solution with blockchain-powered payments, enabling businesses to send invoices that accept stablecoin payments, reducing payment delays and enhancing transaction transparency.
- Treasury & Transaction Management (eOTC) Advanced treasury management platform with real-time transaction oversight through Damex's eOTC solution, featuring audit trails, multi-asset portfolio management and automated compliance tracking.
- Yield Solution Stablecoin-based yield solution allowing businesses to maximize returns on treasury reserves, with yields of up to 3.5% per annum through integration with Poundtoken (1GBP).
- OTC Trading Desk Managed VIP OTC service for digital asset trading with no value limits and over 150 trading pairs; Damex's trading team executes trades on behalf of clients and provides trade receipts with competitive market rates.
- eOTC Trading Portal Self-service online portal allowing clients to perform their own trades, providing treasury management functionality including full audit trails, liquidity and transparency.
- Custody Solutions Digital asset custody via Fireblocks as the standard custodial partner (handling over $200 billion in digital assets monthly) and access to the Ledger Enterprise Tradelink network for specialized institutional requirements.
- On-Ramp Services Processing services through global leading processors enabling clients to accept digital asset payments and deposits, with tailor-made solutions for specific use cases.
- Off-Ramp Services Services enabling conversion of digital assets into fiat assets, including dedicated named IBANs for companies in UK, EU and EEA to receive and make unlimited 3rd party payments in GBP or EUR.
- VASP White-Label Solutions Secure, scalable and compliant white-label solutions for Virtual Asset Service Providers (VASPs), providing MiCA compliance and seamless stablecoin transaction infrastructure integration.
- 1GBP (Poundtoken) Regulated GBP stablecoin (formerly GBPT, now rebranded as 1GBP) that is 100% backed by GBP held in segregated Bank of England accounts, redeemable 1-to-1 for pounds sterling and audited quarterly by KPMG.
Quantifiable outcome
- $2.5 billion in transactions processed in two years
- +2 more outcomes
Companies that use Damex
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles6 records
Damex technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature4 records
Damex partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- ZigluminorZiglu, a UK-based fintech, acquired Damex's Gibraltar retail arm as part of Ziglu's European expansion plan to extend banking, crypto, and investment services.
- Modulr FS Ltd / Modulr Finance B.V.coreDamex is a registered EMD agent and partner of Modulr FS Ltd (UK) and Modulr Finance B.V. (Netherlands) for Electronic Money Institution services, enabling IBAN issuance and payment services for UK, EU, and EEA clients. Modulr is authorized and regulated by FCA (UK) and DNB (Netherlands).
- FireblockscoreStandard custodial partner for Damex. Fireblocks stores and moves over $200 billion worth of digital assets monthly, providing secure custody infrastructure.
- Poundtoken (1GBP)coreFirst regulated GBP stablecoin issuer partnership. Poundtoken offers up to 3.5% per annum yield on assets. First stage of Damex Business Rewards programme. 1GBP is 100% backed by GBP in Bank of England-segregated accounts, audited quarterly by KPMG.
Scale indicators7 records
Recent moves7 records
Expansion highlights6 records
Damex competitors and assessment
Company assessmentDirect peers
- BVNK: London-based B2B stablecoin payments platform serving merchants, PSPs, and enterprises with on/off-ramp and cross-border payment infrastructure. Closest direct competitor to Damex in stablecoin B2B payments, with overlapping customer segments in iGaming, FX, and PSPs.
- Triple-A: Singapore-headquartered licensed crypto payment gateway serving businesses globally with crypto on/off-ramp and payment processing. Comparable to Damex in offering regulated crypto payment acceptance and cross-border settlement for enterprise merchants.
- Alchemy Pay: Singapore-based crypto payment gateway providing on-ramp, off-ramp, and fiat-crypto payment solutions for merchants worldwide. Direct peer in B2B crypto payment processing, with similar target verticals including PSPs and digital asset service providers.
- Yellow Card: Africa-focused stablecoin payments and on/off-ramp platform serving businesses with cross-border payment infrastructure. Comparable business model of stablecoin-powered B2B payments in emerging/compliance-heavy corridors, though with regional African focus versus Damex's European positioning.
- CoinsPaid: Crypto payment processor and custodian serving merchants with crypto acceptance and payout infrastructure. Comparable in B2B crypto payment processing with emphasis on gambling and high-risk verticals — a segment overlap with Damex's iGaming concentration.
- BCB Group: FCA-regulated institutional digital asset prime broker and payments provider serving hedge funds, mining firms, and corporates. Comparable in regulatory positioning and institutional client focus, though more oriented to trading-side services versus Damex's payment-rail focus.
- Wirex: Crypto-friendly payments platform with multi-currency accounts, card issuance, and on-chain settlement. Direct comparable in combining fiat IBAN/accounts with crypto/stablecoin rails, although more retail-tilted after Damex divested its retail arm.
Broad incumbents
- Ripple: Enterprise blockchain and crypto payments provider (Ripple Payments, RLUSD stablecoin) serving banks and financial institutions globally. Broad incumbent with overlapping ambitions in cross-border B2B stablecoin settlement, though more bank-channel oriented than Damex's vertical specialization.
- Circle: USDC issuer and broader stablecoin infrastructure provider operating at significantly larger scale with full-stack payments, treasury APIs, and custody offerings. A broad incumbent rather than direct niche competitor; underpins much of the ecosystem in which Damex operates.
Others
- Fireblocks: Institutional digital asset custody and infrastructure platform — both a technology partner to Damex (custody rails) and an adjacent competitor offering its own payment, treasury, and settlement services to similar institutional clients.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Damex social profiles
Digital presenceDamex compliance and trust
Trust signalCompliance8 records
Damex financial estimates
Financial estimateRevenue estimate
Valuation estimate
Damex leadership team
Management profileNumber of profiles
Profiles13 records
Damex subsidiaries and ownership
Company hierarchySubsidiaries2 records
Damex funding detail
Funding detailFunding overview
Funding rounds1 record
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Damex M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Damex
What does Damex do?
Damex provides B2B stablecoin payment infrastructure for businesses, including international cross-border stablecoin payments, business IBANs via Modulr, crypto batch payments and payroll, crypto-enabled B2B invoicing, treasury and transaction management through its eOTC portal, OTC and eOTC digital asset trading with 150+ trading pairs, institutional custody via Fireblocks and Ledger Enterprise, yield solutions through the 1GBP regulated GBP stablecoin, and MiCA-aligned compliant crypto services. Customers access these through direct enterprise sales, a self-service eOTC portal, and fully automated APIs.
Is Damex a public or private company?
Damex is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Damex founded?
Damex was founded in 2017. It employs 11 to 50 people.
Where is Damex based?
Damex is headquartered in Gibraltar, Gibraltar.
How does Damex make money?
Five revenue lines are on record. OTC Trading Services are the primary driver. The others are eOTC Self-Service Trading, IBAN Services, custody Solutions and stablecoin Payment Processing.
Who are Damex's main competitors?
Direct peers on record are BVNK, Triple-A, Alchemy Pay, Yellow Card, CoinsPaid, BCB Group and Wirex. Broad incumbents are Ripple and Circle. Fireblocks is listed as an others.
Does Damex have an API?
Yes. Damex offers fully automated API solutions enabling businesses to integrate crypto payments, treasury management, and financial reporting with their existing platforms. The API supports seamless integration for processing digital asset payments and accessing the eOTC trading portal.
What industry is Damex in?
Damex's product category is Stablecoin payment infrastructure for businesses. Its primary akta.pro industry code is BPAMAFAL, Crypto Payments & Stablecoin Settlement Platforms, with a secondary code of FSADAIAF, B2B Crypto Payouts, Mass Payments & Treasury Disbursements. Its NAICS code is 522320 and its SIC code is 6200.