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DAMEX launches electronic OTC trading by partnering with Finery Markets’ crypto ECN solution

November 7, 2023

Digital Asset Management Limited (DAMEX), a leading payment platform that facilitates the purchase, management, sending, and storage of digital assets within a regulated environment, has implemented FM Liquidity Match within its trading technology stack. This addition aligns with DAMEX's strategy to provide a streamlined and reliable OTC trading experience to the customers.

Through the DAMEX OTC Desk, businesses can easily buy and sell digital assets using fiat or stable coins, with access to 24/7 customer support. DAMEX ensures competitive rates by leveraging multiple liquidity sources. Apart from OTC desk, the DAMEX group also provides Damex Direct, which enables businesses to manage their digital and fiat assets through dedicated IBANs, instant settlements, and multi-user access. To prioritize security, DAMEX's custody solution incorporates advanced technologies such as multi-party computation, bespoke cold-storage, and optional insurance solutions.

“We are proud that a leading payment provider has included FM Liquidity Match in their technology stack to enhance OTC trading efficiency. This decision reflects the increasing demand across various institutions to streamline their crypto operations and improve overall performance. With FM Liquidity Match, DAMEX will have access to cutting-edge technology that will revolutionize its crypto trading processes throughout the whole cycle, from pre-trade risk management to flexible settlements and compliant reporting.”- said Konstantin Shulga, CEO and co-founder of Finery Markets. 

Samuel Rondot, Managing Director for Business at DAMEX added: “DAMEX aims to bridge the gap between cryptocurrency and traditional financial markets, empowering businesses to leverage blockchain technology in their everyday financial transactions. We strive to provide a seamless on-ramp/off-ramp experience for our clients, so we are constantly exploring innovative solutions to improve the quality, affordability, and efficiency of our product offerings. As a regulated entity in the industry, we have been searching for the ideal partner to provide a comprehensive solution for businesses actively managing their crypto assets. With FM Liquidity Match, we can now offer a convenient option for clients who want to engage in active trading alongside our bespoke on and off-ramp services.”

FM Liquidity Match is a ready-to-deploy trading solution with a proprietary matching engine that enables institutional market players to launch a fully electronic OTC trading business and manage client relations throughout the entire trade cycle. 

About Finery Markets

Finery Markets is a leading non-custodial crypto ECN and a provider of trading infrastructure for institutional players. 

Since our launch in 2019, we have been growing our ecosystem, serving 100+ digital asset players, including payment providers, brokers, OTC desks, hedge funds, and custodians. We serve as a bridge, connecting digital asset players and providing them with seamless access to a vast network of partners, enabling them to navigate their operations smoothly and efficiently. 

Our goal is to power trading technology behind world's leading brokers, exchanges, OTC desks, payment providers and custodians via:

  1. Providing institutional-grade crypto-native infrastructure with proprietary matching engine

  2. Enhancing execution quality & liquidity with access to global liquidity providers

  3. Minimizing counterparty risks with sophisticated risk management tools

  4. Improving capital efficiency with automated post-trade settlement workflow.

About DAMEX

Digital Asset Management Limited is a regulated digital asset broker, dealer and custodian operating since 2017. We have assisted and continue to provide a variety of digital asset solutions for our varied clients within a regulated framework. We are dedicated to facilitating and securing ownership and management of digital assets while working with our clients to further the future of digital assets and the use of distributed ledger technologies.

Digital Asset Management Limited is a company registered in Gibraltar with company number 116618 and is authorised by the Gibraltar Financial Services Commission as a DLT provider of custody solutions and broker/dealer services under the Financial Services (Distributed Ledger Technology Providers) Regulations 2020 (License Number FSC1338B). Damex and Damex.io are trading names of Digital Asset Management Ltd

DAMEX has processed billions euros for its clients, and you can start accepting crypto payments today with our B2B crypto pay-ins and pay-outs, cross-border crypto payments, over-the-counter and crypto-custody solutions.

Damex Direct and IBAN services are offered via Damex.io UAB, a company registered in the Republic of Lithuania. For full information please visit www.damex.io.

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