Daman Virtual Assets Officially Launches ”Daman Crypto” Digital Asset Trading Platform
Daman Virtual Assets, the institutional virtual asset arm of Daman Securities and a wholly-owned subsidiary of Daman Investments, has announced the full official launch of its flagship digital asset trading platform, "Daman Crypto".
The platform's launch coincides with the rapid growth of the digital asset market in the United Arab Emirates. According to data from Chainalysis, the country received over $56 billion in cryptocurrency inflows between 2024 and 2025. Driven by this momentum, Daman Crypto was established as a fully integrated and licensed institutional platform, combining execution, settlement, and compliance under a unified regulatory framework mandated by the UAE’s Virtual Assets Regulatory Authority (VARA).
Designed to meet the demands of institutions and professional investors, the platform offers spot trading for major cryptocurrencies and stablecoins. It also features seamless fiat deposit and withdrawal operations, with direct linkages to banking channels in the UAE, enabling rapid settlements in UAE Dirhams (AED) and various other currencies.
Daman Crypto is now available to qualified local and international clients. This milestone represents a new phase in Daman Virtual Assets' vision to solidify its position as a trusted institutional gateway for virtual assets across the Gulf Cooperation Council (GCC) region.
Commenting on the launch, Shehab Gargash, Founder and Chairman of Daman Securities, stated: "The UAE has successfully established an integrated environment tailored to institutional participation in the digital asset sector, and Daman Crypto is our response to this opportunity. By combining the legacy, expertise, and governance of our financial group with the infrastructure required for the next generation of institutional financial services, we look forward to the market's reception and embarking on this new phase."
An Integrated Financial Ecosystem Daman Crypto operates within a comprehensive financial ecosystem that includes Daman Securities and Daman Markets. It provides clients with a fully accredited and trusted framework for digital asset transactions, thereby enhancing licensed trading within this sector across GCC, regional, and international markets.
Ahmed Waheed, CEO of Daman Securities, added: "The launch of Daman Crypto is a natural and strategic extension of Daman Securities' trajectory. We have witnessed growing interest from our clients for a regulated and reliable pathway to enter the digital asset sector. Daman Crypto was created to fulfill this need, grounded in the disciplined operational approach and client-centric focus that has distinguished Daman Securities for over 27 years."
The platform serves as an exemplary model, offering a comprehensive service that meets all requisite conditions for every transaction. It maintains deep liquidity to efficiently support the execution of large block trades, all offered at competitive fee structures.
Furthermore, Daman Crypto is anchored by an advanced governance and security framework. Client assets are held in segregated accounts and fully backed on a 1:1 ratio, supported by periodic reserve audit reports. All operations are subject to rigorous transaction monitoring and strict risk management and trade execution controls, ensuring full alignment with VARA requirements.