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DigitalX Soars Over 34% After Securing $20.7 million Strategic Backing

Jul 09, 2025

Highlights:

  • DigitalX Limited (ASX: DCC) secures $20.7 million in strategic funding.
  • Major backers include Animoca Brands, UTXO Management, and ParaFi Capital.
  • Shares jump 34.2% as investors bet on growth in digital asset management.

High-Profile Crypto Investors Back Digital Asset Manager

DigitalX Limited (ASX: DCC) saw its shares surge by 34.2% to 11¢ at the time of writing, after announcing a major strategic placement worth $20.7 million. The digital asset management firm has attracted investment from prominent players in the blockchain and Web3 space—Animoca Brands, UTXO Management, and ParaFi Capital.

The placement represents a significant endorsement of DigitalX’s position within the growing digital assets sector. The funds will be used to accelerate the company’s product roadmap, strengthen its asset management division, and expand its presence in blockchain-based financial technologies.

Boosting Blockchain Ambitions

According to DigitalX, the proceeds from the placement will also support the development of its Bitcoin ETF offering, which aims to provide regulated, institutional-grade exposure to the world’s most prominent cryptocurrency. The investment aligns with growing global interest in digital asset products and infrastructure as institutional demand continues to rise.

DigitalX CEO Lisa Wade welcomed the support from some of the world’s most influential blockchain-focused investors. “This is a pivotal moment for DigitalX, as we accelerate our mission to bring digital asset investment to a wider audience,” she said in a company statement.

Investor Confidence in a Rapidly Evolving Market

The strategic placement demonstrates investor confidence not only in DigitalX but also in the broader adoption of digital assets. Backers like Animoca Brands, known for its investments in metaverse and gaming projects, and ParaFi Capital, a major Web3-focused investment firm, bring both capital and deep industry expertise. DigitalX’s stock performance reflects growing optimism about the company’s ability to scale its operations and capture more market share as the digital economy matures.

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