AI assistant
DIGITALX LIMITED — Capital/Financing Update 2024
Apr 2, 2024
64762_rns_2024-04-02_495f2634-f347-442d-9f0d-206753b42b45.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [140 x 26] intentionally omitted <==
ASX ANNOUNCEMENT 3 APRIL 2024 DIGITALX ASSET MANAGEMENT QUARTERLY PERFORMANCE FEES MARCH 2024
DigitalX Limited �ASX�DCC, OTCQB�DGGXF�(“DigitalX”, “the Company”) provides the following announcement for the quarter ending March 2024.
The Company is pleased to announce that its DigitalX Digital Asset Fund accrued an estimated performance fee of circa $263,000 over the quarter. The announcement comes as the Fund approaches its 6 year track record for safely managing digital assets.
The performance fee accrual contributed to an estimated increase in total revenue for the quarter of approximately 64% relative to the previous quarter ending December 2023. As per the DigitalX Fund IM this fee is accrued monthly and locked in when quarterly performance meets the high water mark threshold requirements, and given the difficulties and challenges of 2022, it has been some time since a performance fee has been earned.
The performance fee represents the exceptional growth and success of the DigitalX Fund over the specified performance period as well as the continued growth of the digital asset sector. The Fund's outstanding performance over both the quarter and the calendar year ending December 2023 is a testament to the Company’s investment strategy, due diligence and risk management, and the broader expertise of the investment team.
DigitalX Chief Executive Officer, Lisa Wade said:
“This milestone for the Company is a testament to the sustained turnaround in market conditions and general sentiment towards digital asset markets.
DigitalX would like to extend its gratitude to our investors for their continued trust and support in the Company, and we look forward to further success in the future. I would also like to thank the investment team who worked tirelessly in tough market conditions to deliver this outstanding result.”
For information on the DigitalX digital asset funds please visit www.digitalx.com/funds/
DigitalX Limited | ASX�DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com
==> picture [140 x 26] intentionally omitted <==
For further information, please contact:
Investor Enquiries Media Enquiries DigitalX Limited Third Hemisphere Lisa Wade Jeremy Liddle Chief Executive Officer Executive Director E� [email protected] T��61 421 222 660 E� [email protected]
About DigitalX
DigitalX Limited �ASX�DCC�is a technology and investment company focused on growing the blockchain economy through its digital asset funds management business, digital fintech and regtech products, and blockchain ventures.
DigitalX’s product team designs and develops blockchain technology applications for business and enterprise organisations.
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 which is supporting listed companies to better manage their compliance and corporate governance policies. With Drawbridge, companies can manage employee and director share trading approvals in order to safeguard their reputations.
www.digitalx.com | www.opendrawbridge.io | www.sellmyshares.com.au
DigitalX Limited | ASX�DCC | 59 009 575 035 | Suite 2, Level 4, 66 Kings Park Road West Perth WA 6005 | digitalx.com