Damex Secures MiCA CASP Licence, Establishing Its Position as a Tier-1 Digital Asset Institution in Europe
Damex has introduced that its Malta entity has been granted authorisation as a Crypto Asset Services Provider beneath the European Union’s Markets in Crypto-Assets Regulation (MiCA) by the Malta Financial Services Authority, marking a vital milestone in the corporate’s regulatory and institutional improvement.
With this authorisation, Damex joins simply 148 companies throughout Europe accredited as a CASP beneath the MiCA framework. Of these, solely 46 are authorised to offer custody and change companies, and just one additionally holds a Gibraltar licence inside its group to ship related regulated digital asset companies at present provided by Damex.
This positions Damex amongst Europe’s Tier-1 Digital Asset establishments.
MiCA introduces a harmonised regulatory framework designed to lift requirements throughout the digital asset sector, establishing clear necessities round governance, operational resilience, transparency, and shopper safety.
For companies and monetary establishments, the implications are vital. Engaging with crypto suppliers that aren’t MiCA-licensed introduces regulatory publicity and operational dangers with out protections.
The MiCA licence locations Damex throughout the identical regulatory recognition as main establishments such as Revolut, BBVA, and Coinbase, reinforcing its position as a trusted crypto and distributed ledger expertise (DLT) companion to banks and enormous monetary establishments throughout Europe.
Damex has operated on the highest ranges of digital asset regulation since 2017, holding a Gibraltar DLT licence and delivering regulated infrastructure for institutional shoppers lengthy earlier than MiCA’s implementation.
While the licence has now been granted, Damex is getting into its last pre-operational section beneath MiCA, specializing in system readiness, governance alignment, and operational controls forward of full launch.
The firm is now welcoming early engagement from establishments and companies in search of to function inside Europe’s regulated digital asset surroundings.
About Damex
Damex is a regulated digital asset and funds infrastructure group of corporations serving companies and monetary establishments throughout Europe and globally. Operating since 2017, Damex delivers compliance centered options for digital asset custody, change, funds, and treasury operations, bridging conventional finance and the digital asset economic system.
Damex Digital Ltd is a restricted legal responsibility firm registered in Malta with registration quantity C110325 with registered handle 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 offer for its shoppers (i) the Custody and administration of crypto property; (ii) change of crypto property for funds and different crypto property; (iii) execution of orders for crypto property; and (iv) offering switch companies for crypto property.
Please go to www.damex.io/eea for additional info.
The publish Damex Secures MiCA CASP Licence, Establishing Its Position as a Tier-1 Digital Asset Institution in Europe appeared first on BeInCrypto.
