DAG Global seeks to be the premier digital assets merchant bank – re-establishing the historic connection between bank and client to promote dynamic growth. Its mission is to deliver merchant banking services to fintech, digital and SME firms which are underserved.
There is no full-service digital bank for the $130 billion digital asset sector (predicted to reach an $8 trillion market capitalisation by 2025) or more broadly for SMEs. Given the continued lack of onshore UK banking services for fintechs and digital asset companies, DAG is well placed to provide banking services to an already sizable and growing market.
DAG is currently applying to the PRA to obtain a full UK banking license so that we can clear directly with the Bank of England. This will allow us to take deposits and lend to clients. We will provide a full suite of classic banking products and services across digital and fiat currencies and asset classes. This means: flexible accounts and access; cost-effective transaction banking; access to savings and lending products; the opportunity for clients to see and co-invest in projects (such as a blueberry farm in Zambia or a bitcoin mine in Kyrgyzstan); AML/KYC compliance to bank standards; and a secure wallet structure.
Our existing unregulated business lines include digital assets lending and OTC, as well as a direct investment platform.
Our B2B target markets are underserved by existing banks and include:
1) Digital asset firms (ICOs, STOs, miners) - the total digital asset market size is currently ~$130 billion
2) Institutional clients (exchanges, OTCs, funds & asset managers, UHNW)