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DIGITALX LIMITED — Capital/Financing Update 2017
Sep 19, 2017
64762_rns_2017-09-19_4bcea4c1-e57a-405c-9f6c-8d69e8d43681.pdf
Capital/Financing Update
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ASX ANNOUNCEMENT
20 September 2017
DigitalX client Bankera successfully closes Pre-ICO
DigitalX Ltd (ASX: DCC or Company) is pleased to confirm that it has been advised that Bankera has successfully closed the largest pre-initial coin offering (ICO) raising in history with €25m raised through the sale of 2.5 Billion Bankers (BNK) tokens at €0.01.
DigitalX has acted as the Corporate Advisor to Bankera which began raising funds on 28 August 2017 and the strong take-up highlights market demand for the premium quality project that Bankera is building.
Bankera (www.bankera.com) is building a digital bank for the blockchain era. Bankera is seeking to provide traditional banking and investment banking services to the blockchain marketplace including payments, loans and deposits and investments. All services will support both traditional fiat currencies as well as cryptocurrencies such as Bitcoin, Ethereum, DASH, NEM, ERC20 compliant tokens and others.
Bankera is seeking to offer businesses instant payment settlements using advanced proprietary knowyour-client (KYC) and fraud detection solutions to collect information about the incoming payments and automatically settle transactions which otherwise could take weeks. It has the necessary regulatory and IT arrangements and has put together a strong team and advisory board, including Lon Wong, president of the NEM.io foundation, as well as Antanas Guoga and Eva Kaili, both members of the European Parliament.
Throughout the Pre-ICO process, DigitalX provided a range of industry specific and traditional corporate advisory services to Bankera. After successful completion of these services, DigitalX is receiving an engagement fee of US$10,000, paid through 2.58 Bitcoin, approximately USD$100,000 in Ethereum for cryptocurrency investors introduced to Bankera and approximately 130m BNK tokens for corporate advisory services. DigitalX will pay fees to parties that assisted complete the engagement from fees received from Bankera.
DigitalX provided an introduction to Blockchain Global Ltd which has indicated its exchange, ACX.io, will be listing the BNK token. The Company is pleased to congratulate the Bankera team on a successful fund raising and looks forward to being leveraged to the success of the project.
The engagement to Bankera was the first engagement of the Company as an adviser in the ICO space, executing part of the Company’s previously announced strategy to become a trusted adviser in this area. The Company has followed this engagement with the recently announced appointment to Etherparty, and will continue to seek opportunities to build on its reputation and standing on these transactions in this area.
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For further information, please contact
DigitalX Limited
Leigh Travers Chief Executive Officer [email protected] T: +61 439 376 847
Suite 5, 62 Ord Street, West Perth WA 6005 ● T: +61 8 9322 1587 ● E: [email protected]
About DigitalX
DigitalX is a Blockchain technology Company with offices in Perth and New York. Partners can use DigitalX’s technology to offer new financial products.