DigitalX Limited (ASX: DCC) is a Perth headquartered FinTech company focused on blockchain consulting, digital asset funds management, and RegTech. DigitalX’s consulting division designs and develops blockchain technology applications for business and enterprise organizations. Through its asset management division, DigitalX provides low-cost traditional asset management products for qualified investors looking to gain exposure to the growing alternative asset class of digital assets, including Bitcoin. DigitalX is currently commercialising Drawbridge, the Company’s first RegTech solution that supports listed companies in better managing their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.
DigitalX announced earlier today that they have secured commitments for A$8.8million(before costs) equity raise. The Placement will comprise the issue of new shares at a price of A$0.09 – representing a 2% discount to the volume weighted average price (VWAP) over the previous 5 trading days on ASX.
DigitalX intends to use the net proceeds from the Placement for growth in its business, including the ongoing promotion of its Bitcoin and digital asset investment funds and the rollout of its new RegTech product for publicly traded companies and general working capital purposes.
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