By Sam Buxton on Wednesday 18 August 2021
The company is already overfunding having raised £1.2m+ from investors already.
Digital Asset Management (DAM/DAMEX) is in its last week of being public on Crowdcube as the first Gibraltar registered company to crowdfund, which is a great achievement in its own right. Only 7 days left to get a piece of DAM!
DAM has smashed through its target and has raised over £1.2m.
Dam is now overfunding and, at the time of writing, we have achieved 120 per cent of our initial target with over 675 investors. There is still a limited allocation of shares available during the public phase of our crowdfund, so now's the time to invest before it's too late following the link crowdcube.com/dam
Watch our video and feel free to start a discussion on our Crowdcube pitch page
Established in 2017, DAM is one of 12 DLT licensed and regulated companies in Gibraltar, taking advantage of the regulatory certainty offered by the Gibraltar Government. DAM is licensed and regulated to offer crypto OTC (Over-The-Counter) brokerage and custodial services by the GFSC. The company has 32 employees, most of which are based in Gibraltar and has ambitions to enter the American markets in 2022.
DAM has over 400 OTC clients and has traded €500m+ worth of crypto in the first half of 2021 alone and over €1bn since 2019.
The company is launching Damex in Q4 this year. Damex is a retail application focused on health and finance which has gained over 80,000 sign-ups on a waiting list so far.
Aside from the DLT license in Gibraltar, which allows DAM to buy/sell and store crypto for their clients as a financial institution, DAM
is also registered with the FCA in the UK as an EMI (Electronic Money Institution) agency company under Modulr Finance Ltd. Which allows DAM to issue IBANs (International Bank Account Numbers) and Sort Codes to their clients within the Damex mobile application.
Additionally, the DAMEX debit card has been approved by Visa and shipments will begin before the end of the year.
DAM’s CEO, Sam Buxton commented: ‘‘Our first four years have been a successful grind and we are now well-positioned for the next four years to be game-changing for the company. We truly believe our Damex Application will make a positive impact in our communities.”
“We’re excited to welcome the public into our family and we look forward to the journey ahead with the community by our side.”
Sign up to crowdcube.com/dam and join DAM’s social media channels to stay up to date with upcoming announcements.
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