The world’s first publicly listed blockchain company, DigitalX (ASX:DCC), continues to entrench its leadership position, launching a cryptocurrency investment fund division and two cryptocurrency news platforms.
DigitalX provides advisory services for clients in the blockchain industry, including pre-ICO (initial coin offering) setup and technical services, token sale marketing, and post-ICO consulting.
Announced concurrently with the TechKnow Invest Roadshow, the new funds under management division – DigitalX Investments – will predominantly invest in the major cryptocurrencies, with some funds towards special trading opportunities including ICOs.
DigitalX Investments commences with a healthy cash balance, receiving seed funding of approximately $750,000 from DigitalX’s existing Bitcoin and Ethereum asset base.
DigitalX will hold a 73% interest in DigitalX Funds Management and the wholesale fund is licensed and administered by Boutique Capital.
In addition to the fund management division, DigitalX continues to play an educational role in the emerging marketplace, announcing it will operate two cryptocurrency business news platforms via a joint venture with news production team Multiplier.
The two sites under construction are:
Both websites are approaching final development, with Multipliercrypto focusing on providing a news network for businesses within the industry and Coin.org looking to offer educational insights, such as tips, expert commentary and curated videos.
Speaking at the sidelines of the TechKnow Invest Roadshow, DigitalX CEO Leigh Travers said the twin announcements reflected the company’s leadership position.
“If you look at the marketplace it’s very immature still. There’s a lot of education that’s needed to bring on the next wave of investors.
“You need to keep in touch with the marketplace, that’s constantly evolving and maturing,” he said.
Shares in DigitalX were buoyant today, closing up three-percent to finish at 17 cents per share.
The second instalment of the TechKnow Invest Roadshow will be held at the Grand Hyatt Hotel in Melbourne on Thursday 12 April, to find out more or register please go to: