Damex has secured authorisation as a Crypto Asset Services Provider under the EU’s Markets in Crypto-Assets Regulation, marking a major regulatory milestone for the firm.
The licence was granted to Damex’s Malta entity by the Malta Financial Services Authority, placing the group among 148 firms approved under MiCA across Europe.
Damex is one of just 46 MiCA-authorised firms permitted to offer both custody and exchange services, and the only one in that group that also holds a Gibraltar licence within its wider corporate structure.
The approval positions Damex alongside major regulated institutions such as Revolut, BBVA and Coinbase, strengthening its appeal to banks and financial institutions seeking compliant crypto partners.
MiCA introduces a harmonised regulatory framework for digital assets in the EU, setting standards for governance, operational resilience, transparency and consumer protection.
Damex said it has operated under regulated digital asset standards since 2017 through its Gibraltar DLT licence, providing institutional crypto infrastructure ahead of MiCA’s rollout.
The company is now entering its final pre-operational phase under MiCA, focusing on system readiness and governance alignment ahead of a full launch for institutional clients.