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

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.

Disclaimer for Kapitales Research

The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com