Damex Secures MiCA CASP Licence, Establishing Its Position as a Tier-1 Digital Asset Institution in Europe
By:BeInCrypto
Damex has announced that its Malta entity has been granted authorisation as a Crypto Asset Services Provider under the European Unions Markets in Crypto-Assets Regulation (MiCA) by the Malta Financial Services Authority, marking a significant milestone in the companys regulatory and institutional development. With this authorisation, Damex joins just 148 firms across Europe approved as a CASP under the MiCA framework. Of these, only 46 are authorised to provide custody and exchange services, and only one also holds a Gibraltar licence within its group to deliver similar regulated digital asset services currently offered by Damex. This positions Damex among Europes Tier-1 Digital Asset institutions. MiCA introduces a harmonised regulatory framework designed to raise standards across the digital asset sector, establishing clear requirements around governance, operational resilience, transparency, and consumer protection. For businesses and financial institutions, the implications are significant. Engaging with crypto providers that are not MiCA-licensed introduces regulatory exposure and operational risks without protections. The MiCA licence places Damex within the same regulatory recognition as major institutions such as Revolut, BBVA, and Coinbase, reinforcing its role as a trusted crypto and distributed ledger technology (DLT) partner to banks and large financial institutions across Europe. Damex has operated at the highest levels of digital asset regulation since 2017, holding a Gibraltar DLT licence and delivering regulated infrastructure for institutional clients long before MiCAs implementation. While the licence has now been granted, Damex is entering its final pre-operational phase under MiCA, focusing on system readiness, governance alignment, and operational controls ahead of full launch. The company is now welcoming early engagement from institutions and businesses seeking to operate within Europes regulated digital asset environment. About Damex Damex is a regulated digital asset and payments infrastructure group of companies serving businesses and financial institutions across Europe and globally. Operating since 2017, Damex delivers compliance focused solutions for digital asset custody, exchange, payments, and treasury operations, bridging traditional finance and the digital asset economy. Damex Digital Ltd is a limited liability company registered in Malta with registration number C110325 with registered address 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.
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