Finery Markets and DAMEX Collaborate to Launch Electronic OTC Trading

Tuesday, 07/11/2023 | 14:34 GMT by Tareq Sikder

Damex Direct offers businesses a solution for managing their digital and fiat assets.
FM Liquidity Match facilitates electronic OTC trading for institutional players with its proprietary matching engine.

To enhance OTC trading capabilities, Digital Asset Management Limited (DAMEX), a payment platform specializing in digital asset management, has integrated FM Liquidity Match into its trading technology stack.

Damex Direct: A Solution for Digital Asset Management

Through the DAMEX OTC Desk, businesses now have the convenience of buying and selling digital assets using fiat or stablecoins, coupled with access to round-the-clock customer support. DAMEX offers competitive rates by harnessing multiple liquidity sources.

Samuel Rondot, the Managing Director for Business at DAMEX, shared his perspective on the development: “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.”

Beyond the OTC desk, the DAMEX group offers Damex Direct, an all-in-one solution that enables businesses to efficiently manage their digital and fiat assets through dedicated IBANs, instant settlements, and multi-user access. Security is a priority for DAMEX, and its custody solution incorporates advanced technologies such as multi-party computation, bespoke cold-storage, and optional insurance solutions.

See more: Finance Magnates