“Can a small, regulation-first digital asset house turn its Gibraltar DLT + Malta MiCA stack into the default embedded stablecoin infrastructure layer for European banks, EMIs and PSPs?”
Founded 2017 in Gibraltar as one of the first regulated digital asset custodians under the GFSC DLT framework, initially serving high-net-worth clients with custody and fiat on/off-ramp. Evolved through multiple crypto cycles into an institutional B2B infrastructure business. In 2026, with Malta MiCA authorisation of Damex Digital Ltd, repositioned fully as a regulated stablecoin infrastructure layer — selling Wallet-as-a-Service, Global Payouts API, embedded finance and OTC liquidity to banks, EMIs, PSPs, VASPs and fintechs rather than operating primarily as a consumer-facing exchange.
Damex discloses Moorwand, Heuro and Modulr as its banking providers, according to the Embedded Finance Index 2026.
Damex does not disclose a bank charter of its own; its banking services are provided through Moorwand, Heuro and Modulr.
Damex uses Sumsub for KYC and identity verification.
Damex's crypto products run on Notabene and Fireblocks.
The Embedded Finance Index 2026 maps 3 layers in Damex's stack: Banking / BaaS (Moorwand, Heuro and Modulr); KYC (Sumsub); Crypto (Notabene and Fireblocks).
Damex was founded by Sam Buxton, Philip Vasquez and Thomas Johnson and is founded in 2017, headquartered in Gibraltar.
Get a read on where your own stack stands against Damex and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.