ASX-listed crypto fund manager DigitalX $13.55 M fundraiser includes Animoca Brands
The Hong Kong-based digital property rights firm Animoca Brands said that it was the only advisor to DigitalX, an ASX-listed crypto fund manager and Australian digital investment manager, which recently raised AUD 20.7 million ($13.55 million) through a strategic placement.
According to a statement from Animoca Brands, DigitalX has obtained firm pledges from international digital asset investors Animoca Brands, UTXO Management, and ParaFi Capital, among others, to raise the fund through a strategic placement.
DigitalX will be able to implement a Bitcoin treasury strategy with the new funding.
As the transaction’s only advisor, Animoca Brands found DigitalX, put it in touch with a number of strategic investors in digital assets, and gave DigitalX advice regarding the strategic placement.
Yat Siu, the co-founder and executive chairman of Animoca Brands, will join DigitalX’s planned Strategic Advisory Board in conjunction with the raise.
Australia’s DigitalX is a publicly traded digital asset company.
It uses blockchain technology to generate extra value for its investors and oversees DigitalX Bitcoin ETF, Australia’s first ASX-listed spot Bitcoin exchange-traded fund.
Yat Siu will provide advice on DigitalX’s Bitcoin treasury strategy and Web3 and crypto business trends after joining the proposed Strategic Advisory Board.
Animoca Brands’ director of emerging markets, Leigh Travers, serves as DigitalX’s non-executive chair.
“I’m excited to join DigitalX’s Strategic Advisory Board. We believe Bitcoin is the digital gold and reserve asset of the decentralized era. Animoca Brands’ investment in DigitalX underscores our commitment to this vision,
“By leveraging our expertise in Web3 and DigitalX’s strong position in the Australian market, we aim to bridge traditional finance with the innovative potential of Bitcoin, setting new standards for accessibility and adoption in the region,” Yat Siu commented.
As a Web3 company, Animoca Brands uses blockchain and tokenization to give customers digital property rights, contributing to the development of the open metaverse and its related network effects.
Moca Network, Anichess, The Sandbox, Open Campus, NEOM Web3 initiatives, and a regulated stablecoin project in collaboration with Standard Chartered and HKT are just a few of the native projects that the company runs Web3 businesses to promote blockchain adoption.
With a portfolio of investments in over 540 companies, including industry leaders Pudgy Penguins, Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, OpenSea, Dapper Labs, YGG, and many more, it also offers digital asset advisory services, such as tokenomics advisory, liquidity provisioning, and institutional research to support the growth of external Web3 projects.
