In a turn of events that can only be described as thrilling for those who enjoy watching paint dry, Damex has triumphantly announced that its Maltese offshoot has been bestowed with the illustrious title of Crypto Asset Services Provider by none other than the European Union’s Markets in Crypto-Assets Regulation (MiCA), courtesy of the Malta Financial Services Authority. This momentous occasion marks a significant leap forward in the grand saga of regulatory heroics.
With this shiny new authorisation, Damex now finds itself in the esteemed company of 148 firms across Europe that have also received the coveted CASP approval under the MiCA umbrella. Out of this select group, a mere 46 are given the royal sanction to provide custody and exchange services. And let’s not forget, there’s just one other brave soul wielding a Gibraltar licence under its banner, delivering similar digital wizardry currently offered by our dear Damex.
Thus, Damex gleefully ascends the ranks to join the elite club of Europe’s Tier-1 Digital Asset institutions, where the champagne flows freely-metaphorically speaking, of course.
The MiCA framework, which sounds like something straight out of a bureaucrat’s dream journal, aims to create a harmonised regulatory landscape that promises to elevate standards within the digital asset realm. It lays down clear edicts concerning governance, operational resilience, transparency, and consumer protection, because who doesn’t love a bit of clarity in their financial dealings?
For businesses and financial institutions, this is akin to discovering that the mysterious figure lurking in the shadows is actually a friendly gnome offering you a cup of tea. Engaging with crypto providers lacking the MiCA seal of approval is like inviting a cat into your lap when you have allergies; it’s bound to cause some unnecessary trouble.
Now armed with the MiCA licence, Damex stands shoulder-to-shoulder with titans such as Revolut, BBVA, and Coinbase, solidifying its status as a trusted partner in the mystical world of crypto and distributed ledger technology (DLT) for banks and large financial institutions across Europe. Quite a feather in the cap, if we do say so ourselves.
Operating at the zenith of digital asset regulation since 2017, Damex has been holding a Gibraltar DLT licence and has been providing a veritable treasure trove of regulated infrastructure for institutional clients long before the MiCA fairy dust settled.
With the licence now firmly in hand, Damex is embarking on its final pre-operational phase under MiCA. Think of it as a dress rehearsal before the big show, focusing on system readiness, governance alignment, and operational controls. After all, who wants to launch into the deep end without checking if there’s water first?
The company is now rolling out the welcome mat for early engagement from institutions and businesses eager to dance within the confines of Europe’s regulated digital asset playground.
About Damex
Damex is a regulated digital asset and payments infrastructure conglomerate serving businesses and financial institutions across Europe and beyond. Operating since 2017, Damex provides compliance-focused solutions for digital asset custody, exchange, payments, and treasury operations, acting as the bridge between traditional finance and the ever-elusive digital asset economy.
Damex Digital Ltd is a limited liability company registered in Malta with registration number C110325, residing at MK Business Centre 115A Floor 2, Triq Il-Wied, Birkirkara, BKR 9022, Malta. Damex Digital Ltd is authorised by the Malta Financial Services Authority as a Crypto Asset Services Provider pursuant to Regulation (EU) 2023/1114 (MiCAR) to provide for its clients (i) the Custody and administration of crypto assets; (ii) exchange of crypto assets for funds and other crypto assets; (iii) execution of orders for crypto assets; and (iv) providing transfer services for crypto assets.
Please visit www.damex.io/eea for further information.
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2026-02-09 19:31