DIGITALX LIMITED — AGM Information 2020

Nov 25, 2020

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DigitalX Limited Annual General Meeting 26 November 2020 Creating the financial and technical solutions for achieving global consensus

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These presentation materials and the accompanying verbal presentation (together, the Presentation Materials ) have been prepared by DigitalX Limited ( Company ). By receiving the Presentation Materials, you acknowledge and represent to the Company that you have read, understood and accepted the terms of this disclaimer.

It is the responsibility of all recipients of these Presentation Materials to obtain all necessary approvals to receive these Presentation Materials and receipt of the Presentation Materials will be taken by the Company to constitute a representation and warranty that all relevant approvals have been obtained.

These Presentation Materials are for information purposes only. The Presentation Materials do not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with the Australian Securities and Investments Commission) or any other law.

The Presentation Materials also do not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any securities nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to securities. In particular, these Presentation Materials do not constitute an offer to sell or a solicitation to buy, securities in the United States of America.

The Presentation Materials are not investment or financial product advice (nor tax, accounting or legal advice) and are not intended to be used for the basis of making an investment decision. Recipients should obtain their own advice before making any investment decision.

The Presentation Materials do not purport to be all inclusive or to contain all information about the Company or any of the assets, current or future, of the Company.

The Presentation Materials contain summary information about the Company and its activities which is current as at the date of the Presentation Materials. The information in the Presentation Materials is of a general nature and does not purport to contain all the information which a prospective investor may require in evaluating a possible investment in the Company or that would be required in a prospectus or product disclosure statement or other offering document prepared in accordance with the requirements of Australian law or the laws of any other jurisdiction, including the United States of America.

The Company does not undertake to provide any additional or updated information whether as a result of new information, future events or results or otherwise. All forward looking statements contained in the Presentation Materials are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

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Certain statements contained in the Presentation Materials, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements:

are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;

involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; and

may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions.

The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise.

The words “believe”, “expect”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward looking statements.

All forward looking statements contained in the Presentation Materials are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

The Company has prepared the Presentation Materials based on information available to it at the time of preparation. No representation or warranty, express or implied, is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in the Presentation Materials. To the maximum extent permitted by law, the Company, its related bodies corporate (as that term is defined in the Corporations Act 2001 (Commonwealth of Australia)) and the officers, directors, employees, advisers and agents of those entities do not accept any responsibility or liability including, without limitation, any liability arising from fault or negligence on the part of any person, for any loss arising from the use of the Presentation Materials or its contents or otherwise arising in connection with it.

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DigitalX Corporate Snapshot
DigitalX Share Price Chart (as at 24/11/2020)
SHARE PRICE MARKET CAP SHARES CASH, LISTED ASSETS AND FUND UNITS BITCOINS
$0.12 74m ~617m $11.2m @ 30 Sep 2020 ~215
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LEIGH TRAVERS Executive Director

Leigh has served on the board of Australia's Blockchain industry body since 2015. Leigh has co-founded a Blockchain media and education company and the Perth Blockchain Centre, a coworking space that serves as a home for Perth tech and investment professionals. Leigh previously worked for seven years at an ASX-Listed wealth management firm. Leigh holds a Bachelor of Commerce and Communications from UWA, a Fintech Certification from MIT while living in Boston during 2016 and a Blockchain Strategy Certificate from RMIT in 2019.

TOBY HICKS Non-Executive Chairman

Toby has been a corporate lawyer advising public companies for over 15 years and is presently a Partner of Steinepreis Paganin. He is a former Governor of the University of Notre Dame Australia, a position he held for 16 years. He was a member of the University’s Audit and Finance Committee for 14 years and was a member of the Law School Advisory Board. In 2018, the University named the Toby Hicks Service to Student Community Award in honour of his contribution to the University over 23 years.

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PETER RUBINSTEIN Non-Executive Director

Peter has over 20 years’ experience in early stage technology commercialisation through to public listings on the ASX. He is a lawyer by training, having worked at one of the large national firms prior to moving in house at Montech, the commercial arm of Monash University.

SHANNON COATES Company Secretary

Shannon Coates is a qualified lawyer, Chartered Secretary and company secretary with over 25 years of experience in corporate law and compliance. She has extensive experience in a wide range of corporate and commercial matters including strategy, capital markets, risk management and compliance, regulation and corporate governance.

Ms Coates has provided corporate advisory and company secretarial services to public-listed companies across the Australian, London, Hong Kong and Johannesburg stock exchanges.

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2020 Highlights

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Launched Bitcoin Fund

Grew funds under management (FUM)

Set out with a clear blockchain development strategy

• Consult to enterprise and business customers

• Use those findings to feed into the Company’s R&D efforts to identify the best opportunity to build DLT applications

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Undertaken R&D program to identify, design and deploy the Company’s first RegTech product, Drawbridge Built and launched xbullion (DCC 15% ownership)

Prudent management of working capital with reduction in operating expenses with reduction of 31% YoY (Source: Annual Report)

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2021 Roadmap

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Grow Early Adopter Program for Drawbridge

Refine Drawbridge product offering and go to market strategy

Bring additional RegTech applications to market

Grow Funds Under Management

Scale xbullion globally and increase product suite to encompass other precious metals

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BLOCKCHAIN CONSULTING AND DEVELOPMENT

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Blockchain Discovery

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We help organisations discover where blockchain and distributed ledger technologies can solve problems and create value within their business.

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Specialist Smart Contract
Development
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We partner with other technology companies to provide deep technical expertise and specialist development services for blockchain based smart contracts.

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Blockchain Product Management

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We provide product management resources that bring blockchain projects to life by understanding user requirements and validating disruptive new business models.

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Drawbridge

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1. 2. 3.
Build in policy tools to reduce Create a digital audit trail to protect Demonstrate a transparent and
compliance overheads and and safeguard your corporate ongoing commitment to good
eliminate costly errors. reputation. governance.
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Streamlined tools for better governance and built-in compliance:

• Quickly and easily keep employees up to date on restrictions

• ● Minimise risk of trading during restricted periods

• Digitise the audit trail for trading approvals

• ● Improve shareholder confidence

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We streamline securities dealing policy management so you don't become a headline.

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Visit www.opendrawbridge.io for more information

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Product

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Drawbridge is built using the Digital Asset Modelling Language (DAML), developed by Digital Asset Holdings and is the same technology being used by ASX to develop their DLT.

Market

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The Company’s initial target market is the circa 2,200 companies listed on the ASX.

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Early Adopter Program to run for 6 months.

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Bronze Sponsor of Governance Institute Conference in December 2020.

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Opportunity to grow the Company’s target market to other exchanges domestically and globally.

Roadmap

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Future development will look to add additional features such as an employee share sale facility, training and education option, and real-time access to trading data for companies.

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xbullion

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DigitalX has a 15% stake in the management company of xbullion, a blockchain backed, vaulted, audited and insured gold bullion product. DigitalX has provided smart contracting services and technical consulting.

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xbullion live in 4 currencies (AUD, IDR, THB, SGD).

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Approved for second major digital asset exchange listing in early 2021.

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Acceptance to the Longhash Accelerator Program.

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Appointment of experienced advisor previously with the World Gold Council to enhance capabilities in institutional markets.

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Roadmap for optimisation of additional potential revenue streams through additional precious metals.

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DIGITALX ASSET MANAGEMENT

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Changing Bitcoin Narrative
28/10/2020
JPM Coin Launching
23/09/2019 21/10/2020
ICE’s Bakkt Futures PayPal Launches Crypto
Contracts Launch Functionality
November 2020
18/06/2019
"Bitcoin is the new gold”
Facebook announces
Citigroup, Deutsche,
14/05/2018 Project Libra Blackrock
HSBC bond issue on R3
03/03/2017 blockchain
Number of Bitcoin GitHub
commits hits 10K
Mainstream Obscurity :
19/04/2015
Digital Collectible for 15/09/2017
Goldman Sachs invests in
Nerds, Ancaps, and Circle JPM & Morgan Stanley 06/04/2018 06/05/2019 14/09/2020
Cypherpunks Buying Nasdaq Soros Family Office Fidelity Announces MicroStrategy Total BTC
Stockholm’s Bitcoin ETN Publicly Buying BTC Cryptocurrency Division Investment = $425M
PRESENT
2009 2013 2017 2018 2019 14/02/2019 2020 23/05/2020
12/09/2017 J.P. Morgan’s Digital Coin PTJ Reveals 1-2% of
“Bitcoin is a fraud.” 05/05/2018 for Payments Personal Assets in BTC
Bitcoin Foundation Launch — Jamie Dimon “Rat poison squared.”
— Warren Buffett
Coinbase Launch
FBI Seize 26,000 Silk Road BTC 11/05/2020
PBoC Bans Bitcoin “Zero Backing” 24/01/2018 25/01/2018 3 [rd] Bitcoin Halving
Mt. Gox Hack & Bankruptcy “Magic Internet Money” “Bitcoin is a bubble.” “An index of money laundering”
Draws peripheral “Criminal Usage” — George Soros — Larry Fink
mainstream attention “Terrorist Funding” Source: Delphi Digital
“Money Laundering”
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For much of its history, gold was relatively difficult to invest in for the average

person , largely because of its physical demands (transportation, storage, etc.). Gold Bullion Securities, the first goldbacked ETF, launched on the Australian Stock Exchange in March 2003. The rise of Gold ETFs has coincided with the

appreciation in the price of Gold and with similar acquisition and storage difficulties with Bitcoin.

A retail Bitcoin ETF will be one of the strongest drivers of new flow to the asset class

Total Gold ETF Holdings vs. Gold Price ($/oz)

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4,000 $2,100
3,600 $1,900
3,200 $1,700
2,800
$1,500
2,400
$1,300
2,000
$1,100
1,600
$900
1,200
800 $700
400 $500
0 $300
Total Gold ETF Holdings (tonnes) Gold Price ($/oz)
Mar-03 Feb-04 Jan-05 Dec-05 Nov-06 Oct-07 Sep-08 Aug-09 Jul-10 Jun-11 May-12 Apr-13 Mar-14 Feb-15 Jan-16 Dec-16 Nov-17 Oct-18 Sep-19 Aug-20
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Source: Delphi Digital

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01

Demographics:

Measures of government distrust among Millennials and Generation Z are high. Most Millennials and all of Gen Z are digital natives who are comfortable with holding value digitally.

We identify three main drivers of Bitcoin demand going forward

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02

Institutions, ETFs and traders:

All major banks and many corporates have experimented with digital assets. Institutions such as Chicago Mercantile Exchange (CME) group have grown large futures markets in Bitcoin.

QE and financial instability: 03

Over the past 5 years, Bitcoin prices have responded positively to financial uncertainty events such as Brexit, while the growth of the asset itself happened in the wake of the GFC.

Bitcoin has been heavily used as a hedging asset in China and other nations experiencing financial instability and inflationary pressures like gold has been used previously.

Return of QE policies and weakening growth is expected to spur further demand amongst those seeking a hedge against value erosion or financial instability, especially amongst younger savers.

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• The DigitalX Bitcoin Fund provides qualified investors with direct exposure to Bitcoin and is designed to track the Bitcoin price via a traditional fund structure

The Fund is accessible via Netwealth and Powerwrap

• Research and education delivered in conjunction with Delphi Digital, an independent research boutique providing institutional-grade analysis on the digital asset market

• The Fund solves the challenges in acquiring, securing, managing and disposing of digital assets and has access to insurance from the custodian.

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FUND MANAGER Fees (Bitcoin) 1.65% management and 0% performance fee Fees (DA Basket) 1.5% management and 15% performance fee Administrator Auditor Legal Custody	TIME PERIOD ASSET PERFORMANCE
	Bitcoin Fund 1 month 27.37%
	Digital Asset Basket 1 month 14.57%
	ASX All Ords 1 month 2.06%
	Gold 1 month (0.32%)
	Bitcoin Fund Year to 31 Oct 20 87.48%
	Digital Asset Basket Year to 31 Oct 20 67.57%
	ASX All Ords Year to 31 Oct 20 (9.84%)
	Gold Year to 31 Oct 20 23.35%

Performance data is calculated net after fees as at 31 October 2020

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DigitalX Ltd

Financial, technical and investment services for the blockchain marketplace For more information, please contact info@digitalx.com or leigh@digitalx.com