Blockchain investor coinIX invests in Damex, a company developing a crypto banking application with move-to-earn functionality

by Arthur · October 6, 2022

EQS-News: coinIX GmbH & Co. KGaA / Keywords: Cryptocurrency / Blockchain/Investment
coinIX GmbH & Co. KGaA : Blockchain investor coinIX invests in Damex, a company developing a crypto banking application with move-to-earn functionality
06.10.2022 / 14:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

Hamburg, 6 October 2022 – The Hamburg-based investment company coinIX GmbH & Co. KGaA, which specializes in investments in digital assets and blockchain technology, is investing in Damex.

Women’s offers a crypto banking app that allows users to fully manage their digital wealth in one application.

To this end, Damex will issue a debit and credit card through a partnership with Visa that will allow users to hold and spend cryptocurrencies and fiat in one ecosystem. Through its parent company, Digital Asset Management Ltd., it is approved to provide crypto custody and broker/dealer services as a financial institution.

In addition, the smart financial application uses non-fungible tokens (NFT) and its native currency token $Damex to reward individuals for a healthy and active lifestyle. Users will be able to stake $Damex tokens and track their daily activity to unlock benefits in the form of lower transaction fees or higher cashback rewards.

With Digital Asset Management Ltd., which was founded in 2017, the team has been successfully providing over-the-counter (OTC) trading services for digital assets for four years. So far, the focus has been on institutions and high net worth individuals. The new Damex application will extend these services to retail customers as well.

Sam Buxton, founder of Damex: “Established in 2017, DAMEX was one of the first companies in Gibraltar to receive the prestigious Distributed Ledger Technology license from the Gibraltar Financial Services Commission. We have executed over EUR 3 billion in crypto transactions since 2019 for over 500 clients and I am extremely happy to introduce Damex Token to our Damex App ecosystem. Having the backing of strong VCs like coinIX is proof of the quality and ambition of our project.”

Susanne Fromm, CEO of coinIX: “Introduction of retail users into the digital asset ecosystem remains a challenge and offers great opportunities. The combination of Damex’s user-friendly application with move-to-earn gamification that stimulates a healthy lifestyle and their strong experience in the crypto space is very promising for coinIX.”

Press contact: Susanne Fromm, CEO, [email protected], +494035676758

Investor Relations: Felix Krekel, CFO, [email protected], +494035676758

About coinIX

coinIX GmbH & Co KGaA, based in Hamburg, is a listed investment company and has been investing in the broad spectrum of blockchain innovation since 2017. This includes the next level of digitization in traditional industries as well as new fields such as Decentralized Finance (DeFi) or NFT/ Metaverse Projects. To this end, coinIX invests in equity capital for startups, early stage token projects and liquid cryptocurrencies. It offers a listed share traded on the open market of the Düsseldorf Stock Exchange (WKN: A2LQ1G | ISIN: DE000A2LQ1G5 | Ticker: CXC).

06.10.2022 CET/CEST Dissemination of a company news, transmitted by EQS – a service of EQS Group AG.
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