Damex Business

Moving & Managing Money Globally

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.

Everything that can be tokenized, will be tokenized.

Damex creates digital asset experiences for businesses and individuals, in secure and regulated environments, that enhance their day-to-day operations and lives.

The Damex Business Ecosystem

Damex Business Ecosystem

Trading

At the centre of the Damex Business operation is trading: the conversion and management of digital and fiat assets. Damex Business offers three different trading services:

We deliver a personalised service for digital assets investing where you can talk to your broker any time, getting the latest insights on digital assets trends and news when you need it.

Scott McKim

Co-Founder & Chief Operating Officer

Damex On-Ramp

PROCESSING

Damex Business partners with global leading processors to enable clients to accept digital asset payments and deposits. Each solution is tailor-made to cater for the specific use-case.

Working with global experts means Damex

Business can provide best-of-breed, closed-loop solutions for every scenario.

TRADING

Damex Business has also developed a Global network of local brokers which can facilitate conversions of local currencies into stablecoins.

These stablecoins can then be used for instant, safe cross-border transactions.

 

In addition, clients can simply purchase stablecoins directly through our OTC trading desk.

Damex Off-Ramp

IBAN's

Damex Business can provide dedicated, named International Bank Account Numbers (IBAN’s) to any clients registered within the EU and EAA. This means clients can accept and make unlimited 3rd party payments in GBP or EUR.

TRADING

The Damex OTC desk can also convert digital assets into fiat assets and settle into designated client fiat accounts.

Damex iban
Damex Business - Off-Ramp

PoundToken

Also known as: 1GBP

Poundtoken is the first regulated GBP stablecoin issuer in the British Isles. The coin, previously known as GBPT, is now 1GBP.

For Damex clients, 1GBP offers the opportunity to generate monthly yield on assets held up to the equivalent of 3.5% per annum.
Any assets deposited with Damex can be automatically converted to 1GBP and yield accrues immediately.

Designed for stability, poundtoken is 100% backed by GBP held in segregated bank accounts by the Bank of England, so it’s always redeemable 1-to-1 for pounds sterling.

Poundtoken is audited by KPMG who issue quarterly assurance reports giving holders the peace of mind that poundtoken maintains its stable value.

Poundtoken holds a Money Transmission Services Licence issued by the Isle of Man Financial Services Authority.

The Damex Business partnership with Poundtoken / 1GBP is the first stage in the development of the Damex Business Rewards programme where, for the first time, Damex clients can earn rewards up to the equivalent of 3.5% per annum on assets held.

1GBP is issued by Poundtoken which is the first regulated GBP stablecoin issuer in the British Isles. Designed for stability, 1GBP is 100% backed by GBP held in segregated bank accounts by the Bank of England, so it’s always redeemable 1-to-1 for pounds sterling.

Any assets deposited with Damex can be automatically converted to 1GBP and yield accrues immediately.

Poundtoken is audited by KPMG who issue quarterly assurance reports giving holders the peace of mind that poundtoken maintains its stable value.

Poundtoken holds a Money Transmission Services Licence issued by the Isle of Man Financial Services Authority.

Damex Custody Solutions

Damex offers three alternative custody solutions.

 

Our standard custodial partner is Fireblocks,who store and move over $200 billion worth of digital assets a month.

 

For more specialist scenarios, Damex is proud to be part of the groundbreaking Ledger Enterprise Tradelink network. The network supports institutions with an open, enterprise-grade platform that caters to their risk management and regulatory requirements.

 

Our final solution is the interest-bearing Poundtoken as detailed below.

Damex Business Custody Solutions

Years of experience, expertise & influence

We’re a team of influential leaders experienced in revolutionising the digital asset market. Collectively offering a wealth of expertise within the Digital Asset, iGaming, and Payments spaces.

Sam Buxton

Co-Founder & CEO

Scott McKim

Co-Founder & Chief Operating Officer

Samuel Rondot

Managing Director Damex Business

Pete Burgess

Chief Business Development Officer

iGaming Payments Re-imagined

Damex Business - iGaming Payments

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