Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes through the movement, management and integration of digital and fiat assets.
We offer two different trading solutions for different client profiles
Most of our corporate clients work with us through our OTC desk. We have a team of traders who execute transactions through our world-leading partners providing clients with the best possible rates, the fastest possible settlement periods and 24hr, VIP service levels.
Each client has their own dedicated communication channel with the trading team according to their own preference. This can be on Telegram, Slack, WhatsApp or any platform that the client chooses. They use this channel to inform the team of the details of the transaction they wish to make and the team responds on that channel. Some clients request a price quotation before the transaction is executed, but in most cases clients trust the team to deliver the most competitive rate possible.
The system operates on a transaction-by-transaction basis and once the trade has been executed the client is provided with a trade receipt.
There is no fee to open an OTC account. The only fee applied is a percentage of the value of transactions executed which is negotiated individually with each client and is largely dependent on volumes traded.
Some of our clients – particularly those with substantial payments and treasury management teams – choose to use our eOTC platform.
eOTC is an online portal that enables clients to deposit and withdraw fiat from, and to, a single, designated bank account. They convert that fiat into digital assets such as USDT and 1GBP, and then send those digital assets to white-listed 3rd party wallets.
It also provides back-office functionality including full audit trails for easy reconciliation and all transactions can be executed directly on the platform by the client without any involvement from the Damex Business team.
Clients can add as many recipients as they wish once they are approved by our compliance team.
eOTC is perfect for clients with higher volumes of lower value transactions.
Again, there is no fee charged to open a eOTC account. As per OTC, the only fee applied is a percentage of the value of transactions executed which is negotiated individually with each client and is largely dependent on volumes traded.
eOTC is a solution specifically designed for active traders – professionals who are trading digital and fiat assets for profit – and institutions.
The solution is built on the Finery Markets FM Liquidity Match trading model and operates through a master account created by Damex Business.
The master account then creates multiple sub-accounts and each sub-account functions as a separate trading account with its own balance, positions, and trading history.
The sub-accounts operate within specific risk-limits and settle with the master account. The master account manages user access, risk, mark-ups and position roll-overs across all sub-accounts.
It effectively segregates the “dealer-to-dealer” and “dealer-to-client” markets and enables clients to source liquidity from global liquidity providers with spread management tools.
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 card is issued by Modulr FS Limited pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Damex.io UAB is a joint stock company registered in the Republic of Lithuania (under company number 306148560), with registered address at Žygimanto Liauksmino str. 3, Vilnius, Lithuania and is registered by the State Enterprise Centre of Registers of the Republic of Lithuania as a provider of virtual currency exchange and virtual currency wallet provider. These services are separate and unrelated to the account and payment services you receive from Modulr Finance B.V . Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your card is issued by Modulr Finance B.V. pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK, and by Modulr Finance B.V., if you are registered in the EU. 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) and the Dutch Financial Supervision Act (Wet op het Financieel Toezicht, Wft) (in the EU). Click here to find out more.
The Damex application is presently undergoing testing and regulatory registrations in various jurisdictions. As a result, full public release and features of the application in your jurisdiction is subject to Damex’s permissions and authorisations.
Please also see our Risk Notice for further information.
