Gibraltar, March 31, 2021 – Digital Asset Management Limited, a leading crypto payments company based in Gibraltar, has today announced the appointment to its board of directors of cryptocurrency and payments expert, Miguel Vias.
Miguel brings more than 20 years of financial markets and fintech experience to the role, with a proven track record in management, liquidity growth and financial products. Significantly, Miguel worked for Ripple Labs, a provider of leading enterprise blockchain solutions, where he served as head of XRP markets and was responsible for growing institutional adoption of Ripple’s XRP coin. He was also responsible for cultivating and managing the initial partnership strategy for On-Demand-Liquidity, Ripple’s flagship remittance product. In his three and a half years at Ripple, Miguel was also in charge of Ripple’s XRP sales team, which generated crucial funding for the company’s operations. Prior to Ripple, Miguel was head of precious metals and options for the CME Group, the largest futures exchange in the world. Before then, he had held various precious metals trading positions at Mitsui, Bank of America and Morgan Stanley.
“I am extremely humbled and very excited to join the DAM team to build on and accelerate the already considerable success it has had to date. I am confident the best is very much yet to come, and I look forward to helping to navigate the company as it takes its next leap forward.”
DAM’s vision is to bridge the gap between cryptocurrency and traditional financial markets, allowing businesses in all industries to take full advantage of blockchain technology in their day-to-day financial operations. DAM has had success facilitating business-to-business crypto payments for some of the largest gaming companies and payment gateways in the world. To date, the company has facilitated $400M+ in volume and expects to achieve the $1-billion mark in 2021.
Sam Buxton, CEO of DAM, commented:
“Miguel is an important piece of the DAM puzzle. He joins us at a great time, when our B2B business is scaling at a fantastic rate and will play a crucial role in our B2B global expansion, as well as the launch of our retail mobile application, DAMEX.”
Miljan Milan, board director at DAM, echoed the sentiment: “I am thrilled to have Miguel join the board. His background and experience add significant seniority and credibility to the business. Miguel’s guidance from a business, governance and compliance perspective will be fundamental as we continue on our growth trajectory.”
Digital Asset Management Limited is a private limited company registered in Gibraltar with company number 116618 and is licensed 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).
DAM was established in 2017 to effectively assist in buying, managing, sending and storing cryptocurrencies and tokens in a regulated environment. 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.
DAM has processed 400+ million euros to date 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.
Gibraltar is a British Overseas Territory located at the southernmost tip of the Iberian Peninsula, covering a total of 6.82 kilometers, with an approximate population of about 33,000.
Gibraltar is acknowledged as a well-regulated and internationally tax compliant, specialist finance center jurisdiction, with an agility and dynamism that ensures speed to market for a wide range of providers. Its recent development of business in the cryptocurrency and wider distributed ledger technology space has seen Gibraltar establish itself at the leading edge of global development in this space, offering legal, regulatory and tax certainty in respect of this emerging and exciting area of business.
DAM operates its business within the regulatory framework governed by the Financial Services (Distributed Ledger Technology) Regulations 2020, a framework first established in January 2018. Gibraltar is one of only a handful of jurisdictions offering a regulatory framework that eschews the limitations of regulatory sandboxes, opting instead for a more flexible, principles-based approach that allows businesses to explore new opportunities while operating in compliance with rules based on financial services best practice.
This enables DAM to set the highest standards for clients in the context of asset security and professionalism, features which have led to key players in the gaming industry and beyond to place their trust in DAM for the provision of crypto payment services.