DIGITALX LIMITED — Interim / Quarterly Report 2024

Apr 29, 2024

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March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

Disclaimer

The material in this presentation has been prepared by DigitalX Limited (ACN 009 575 035) (“Company”).

This presentation may not be reproduced, redistributed or passed on, directly or indirectly, to any other person, or published, in whole or in part, for any purpose without prior written approval of the Company. The material contained in this presentation is for information purposes only. This presentation is not an offer or invitation for subscription or purchase of, or a recommendation in relation to, securities in the Company and neither this presentation nor anything contained in it shall form the basis of any contract or commitment. Any offering of any of the Company's securities to Australian persons will be subject to Australian securities laws. The distribution of this document in jurisdictions outside of Australia may be restricted by law, and persons into whose possession this document comes should inform themselves about, and observe, all such restrictions.

This presentation is not financial product or investment advice. It does not take into account the investment objectives, financial situation and particular needs of any investor. Before making an investment in the Company, an investor or prospective investor should consider whether such an investment is appropriate to their particular investment needs, objectives and financial circumstances, seek legal and taxation advice as appropriate and consult a financial adviser if necessary.

This presentation may contain forward-looking statements that are subject to risk factors associated with a technology business. Forward looking statements include those containing such words as "anticipate", "estimates", "forecasts", "should", "could", "may", "intends", "will", "expects", "plans" or similar expressions. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company. It is believed that the expectations reflected in these statements are reasonable but they may be affected by a range of variables and changes in underlying assumptions which could cause actual results or trends to differ materially. The Company does not make any representation or warranty as to the accuracy of such statements or assumptions.

This presentation has been prepared by the Company based on information currently available to it. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party, nor any other person accepts any liability for any loss arising from the use of this presentation or its contents or otherwise arising in connection with it, including without limitation, any liability arising from fault or negligence on the part of the Company or its subsidiaries or affiliates or the directors, employees, agents, representatives or advisers of any such party.

March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

002

DigitalX

Our Company

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DIGITALX
Digital Investment Management
What we do
Investment
Risk
Research & Custody Trading Compliance
Management
Selection
Crypto Assets Shares
Our
Products &
Services
Digital Asset
DxART Fund Bitcoin Fund Sell My Shares Drawbridge
Fund
Sell My Shares generated $690k - the
Advanced Lodged spot Bitcoin ETF application The DigitalX Bitcoin Fund retained its highest quarterly revenue figure on Review of the product and
this Qtr with the ASX. rating from prestigious research house SQM Research. record and 20.7% higher than the technology roadmap
previous quarter.
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March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

003

DigitalX

Highlights - Building scalable, sustainable revenue

The value of the Company's digital asset treasury holdings (including fund units) increased by $15.5m or 68.2% over the three-month period

The Company raised a total of AU $1.89m through a Share Purchase Plan for eligible DCC shareholders and $5.3m through a Private Placement to raise working capital, bolster active treasury management and invest in real world asset tokenisation infrastructure

The application for DigitalX’s Bitcoin ETF was lodged with the ASX by the fund’s Responsible Entity, K2 Asset Management

The DigitalX Fund earnt a Performance Fee of $272k which contributed to total fund revenue of $424k which was an increase in total fund revenue of 331.8%

The DigitalX Bitcoin Fund and the DigitalX Fund increased 70.2% and 56.9% respectively

Sell My Shares continued its upward revenue trend - quarterly brokerage revenue was $690k, 20.7% above the previous quarter

March 2024 Quarterly Investor Webinar

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004

DigitalX

Quarterly Business Activity

Sell My Shares

Sell My Shares continues to perform strongly, generating $690k in revenue over the quarter. This is the highest quarterly revenue figure on record and 20.7% higher than the previous quarter.

Digital Asset Management

The DigitalX Fund earned a Performance Fee of $271,883 over the quarter, which contributed to total funds revenue for the quarter of $424k. As a result there was a 331.8% increase relative to the previous quarter ending December 2023 and an increase of 531.8% from the previous corresponding quarter ending March 2023.

The Company was pleased to have the DigitalX Bitcoin Fund retain its rating from prestigious research house SQM Research over the quarter. The Fund continued to maintain its overall position as SQM's number one best performing fund for one year returns.

Product Development

The product team continued work on encoding the portfolio composition component of the investment process, which is called the DigitalX “Playlist”.

The team is exploring and prototyping decentralised alternatives to traditional methods of portfolio construction, sourcing and analysis of asset data.

The development is being conducted internally and with partners, including the DFCRC. This approach presents opportunities for comparative assessment, synergies, and differentiation across DigitalX product offerings.

March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

005

DigitalX

Corporate Activities

Share Purchase Plan

In mid-December 2023, the Company launched a Share Purchase Plan to raise up to $2.5 million.

As at the closing date of 25 January 2024, the Company was pleased to announce that it raised a total of $1,885,108.10, with 40,980,513 new DCC Ordinary Shares issued to eligible applicants. Each of the Company’s Directors elected to subscribe for their full entitlement under the SPP.

Treasury

There were no additional changes to the DigitalX treasury holdings over the quarter. The value of the Company's digital asset treasury holdings (including fund units) increased by $15.4m or 68.2% over the three-month period, from $22.6m at the end of December 2023 to $38.1m at the close of the March 2024 quarter.

Private Placement

In mid-March 2024, the Company launched a Private Placement to raise $3,000,000. The Company raised a total of $5,300,000 under the Placement. The Company issued 79,104,479 new DCC Ordinary Shares at a price of $0.067 per share, with 89,104,479 attached options exercisable at $0.10 which expire 30 September 2024. The Issue Price represented a discount of 19.2% to the closing Share Price of $0.083 on 13 March 2024.

March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

006

DigitalX

FY24 Priorities

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Funds
➔ Drawbridge/SMS
➔ Work with partners 3iQ and ➔ Find product-market-fit for our
K2AM to launch a spot Bitcoin Drawbridge offering
ETF on the ASX
➔ Continue our margin
➔ Share with wholesale investors improvement drive in this
the benefits we see in having business
5% of their portfolio in digital
assets ➔ Bring in more wholesale clients
and identify adjacent revenue
➔ Partnering to find a streams
cornerstone investor
➔ Explore the pathway to
productise the smartlist and
playlist
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Partnerships
➔ Continue to develop our
smartlist and playlist
innovations with UNSW and
the DFCRC
➔ Continue to develop Web3.0
Sales channels
➔ Partner with complementary
businesses that fast track
strategic priorities
➔ Identify a Web 3.0 partner who
can assist in accentuating our
vision and strategy
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March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

007

DigitalX

Outlook

→ We believe that the outlook for the digital asset space is positive and the Company should continue to benefit from this.

→ The narrative globally around real world asset tokenisation is gaining positive momentum with fund managers of the calibre of BlackRock now establishing tokenised-based fund offerings.

→ The Company is deploying proceeds from the recent raises into our own Fund products, offering exposure to digital assets. This is in line with the Company’s previous announce that proceeds from the raises would be used for bolstering active treasury management, and investing further in real word asset tokenisation infrastructure.

→ In the coming quarter the Company will continue to execute on its Web2 to Web3 strategy of utilising and developing potential Web3 Channels in order to expand our current product offering globally.

→ The Company continues to focus on execution, and on simplifying the business and its message to shareholders.

March 2024 Quarterly Investor Webinar

ASX:DCC, OTCQB:DGGXF | digitalx.com

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DigitalX

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investors@digitalx.com | www.digitalx.com