For trading firms, custodians, and exchanges.
The Digital Asset Master Agreement (DAMA) is a shared standard for off-exchange settlement. One template replaces months of bilateral negotiation. The master agreement, side letters, and amendments all run off the same standard.
Institutions are already solving this with ISDA and Off-Exchange Settlement ACA frameworks. Request access to join the group.
Off-exchange settlement is tri-party. The agreements behind it are still drafted bilaterally, one pair at a time. Boilerplate gets re-drafted, versioning happens over email and Word redlines, and side letters end up scattered across drives. The election sheet for one counterparty pair has nothing to do with another.
Months of legal back-and-forth, with each bilateral negotiated agreement costing up to $150k. And no single document binding all three parties.
Every clause falls into one of three tiers. Standardize what should be standard. Structure what should be a choice. Reserve free-text for the places that genuinely need it.
“A withdrawal from the Custody Account is final and irrevocable when the Custodian has broadcast the transaction, it has reached the required confirmations, and the Custodian's books reflect the transfer.”
Locked. Same in every agreement. The OES settlement contract every party signs.
Pick from the menu. Stored as structured data.
Spend negotiation effort here. Stored alongside the master.
The full contract lifecycle, invitation, negotiation, execution, runs as a shared workflow rather than an email thread. The master, side letters, and amendments all live in the same place. Every party works off the same elections and status.
A drafter selects a preset template and invites the parties.
Parties agree on standard definitions, either referenced directly or built on legacy standards like ISDA.
Parties sign off, and signed agreements are stored in the vault.
Select a role to see what the standard does for each party.
Stop renegotiating with every counterparty.
One process for every trading firm and exchange you serve.
Standardize prefunding and deposit terms across participants.
Different templates for different deal shapes. Bilateral, tri-party, trust form, security-interest form.
Working group governance. Changes to standard language flow back through a structured process.
Legal vault for signed agreements, side letters, and amendments. Searchable, cross-referenced, audit-ready.
Every step happens inside DAMA's template review system. Working group members can suggest changes to standard language, review and comment on each other's proposals, and vote in-product. The change ships in the next version.
Any working group member can propose a change to standard language.
Members review and comment on the proposed change.
Formal vote among working group signatories.
Change is incorporated into the next version.
We're forming a working group of trading firms, custodians, and exchanges to pilot the standard before launch. If you negotiate OES agreements today, apply below.
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