digitalx ltd stock

Boutique Capital is also the licensee of the Company’s current indexed fund.DigitalX Ltd is pleased to announce the establishment of its second asset management product - a Bitcoin Fund.ÂThe Bitcoin Fund is available through a standard unlisted fund structure to allow sophisticated investors including family offices and high net worth individuals a low-cost and familiar vehicle to gain exposure to this growing asset class.ÂCopyright 2019 DigitalX Ltd. All Rights Reserved. It operates through the Trading and Software Development segments. The opening of this fund will provide DigitalX investors with further exposure to upside in the price of bitcoin. Find the latest DIGITALX LTD. (VSL.HM) stock quote, history, news and other vital information to help you with your stock trading and investing.

The Fund also represents a good opportunity for the Company to utilise its own bitcoin holding.Further information can be found at www.digitalx.fundÂThe opening of this fund will additionally provide DigitalX investors with further exposure to upside in the price of bitcoin. View real-time stock prices and stock quotes for a full financial overview. This site has been prepared by DigitalX Ltd (ABN 59 009 575 035)The Bitcoin Fund will allow qualifying investors to gain an exposure to bitcoin without the need for much of the administrative burden and risk associated with acquiring bitcoin, including:DigitalX has been involved in the bitcoin ecosystem since 2014 when it first commenced its bitcoin mining operations, prior to expanding those services into bitcoin trading and a deeper understanding and development of blockchain technology generally.The week commencing 25 November 2019, the Company will be undertaking a roadshow through Sydney, Melbourne and Perth to meet potential investors and promote the fund to qualifying investors.Investing in bitcoin through the Bitcoin Fund will enable investors to gain an exposure and interest in bitcoin without needing to navigate these items, while also being able to benefit from wholesale rates on pricing and insurance offered through the Fund.

View dggxf business summary and other industry information. Stock analysis for DigitalX Ltd (DCC:ASE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Having undertaken a due diligence review of Boutique Capital, the Company is satisfied that Boutique Capital has the skills to perform the role. Investors in the Fund will receive monthly Net Tangible Asset (NTA) reporting which will take the compliance and administration burden away.The Bitcoin Fund will be an unlisted fund and as outlined above will be available to qualifying wholesale and professional investors only.Financial and technical services for the blockchain marketplace.In order to establish and launch the Bitcoin Fund, the Company will seed the fund with 215 of its bitcoin, effectively swapping its interest in those bitcoin for an equivalent interest in the fund.ÂThe fund will offer a management fee of 1.65% per annum and no performance fees.ÂDigitalX has also been a holder of bitcoin since 2013, and as previously disclosed to ASX, currently holds 431 bitcoin.The approximate value of the Company’s investment into the fund will be ~AUD$2.75m, based on a price per bitcoin of AUD$12,800.The Company also intends to offer blockchain-based security for the registration and transfer of units in the unit trust, marking a significant development in the security and registration of the interests in the Fund and in unit trusts generally.The Company’s intention in launching the Fund is to grow the funds under management within the Fund at a rapid rate to ensure that the Fund achieves critical mass and the Company benefits from the fees receivable from the Fund. No News currently available for DGGXFDigitalX Ltd. engages in the development and provision of software applications. It offers its products under the AirPocket and DigitalX Direct trademarks.

DigitalX has also been a holder of bitcoin since 2013, and as previously disclosed to ASX, currently holds 431 bitcoin. Read More. DigitalX Ltd (DGGXF) Stock Quotes - Nasdaq offers stock quotes & market activity data for US and global markets.

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