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DigitalX (ASX: $DCC) announces digital asset fund's strong performance fee

DigitalX (ASX: $DCC) Quarterly Performance Fees March 2024


DigitalX Limited (ASX: $DCC) has announced that its DigitalX Digital Asset Fund accrued an estimated performance fee of approximately $263,000 for the quarter ending March 2024. The performance fee contributed to a significant increase in total revenue, marking a 64% rise compared to the previous quarter ending December 2023.

DigitalX CEO, Lisa Wade, on the Company's Milestone


DigitalX Chief Executive Officer, Lisa Wade, expressed, 'This milestone for the Company is a testament to the sustained turnaround in market conditions and general sentiment towards digital asset markets. DigitalX would like to extend its gratitude to our investors for their continued trust and support in the Company, and we look forward to further success in the future. / would also like to thank the investment team who worked tirelessly in tough market conditions to deliver this outstanding result.'

Summary of DigitalX (ASX: $DCC) Announcement


DigitalX Limited (ASX: $DCC) reported a strong performance fee accrued by its DigitalX Digital Asset Fund for the quarter ending March 2024, contributing to a notable 64% increase in total revenue compared to the previous quarter. The Company's Chief Executive Officer, Lisa Wade, highlighted the milestone as a reflection of the sustained turnaround in market conditions and general sentiment towards digital asset markets. DigitalX expressed gratitude to its investors for their continued trust and support, emphasizing the dedication of the investment team in delivering the outstanding result. The Company's focus on growing the blockchain economy through digital asset funds management, digital fintech and regtech products, and blockchain ventures positions it for further success in the future.

DIGITALX LIMITED
DCC | ASX | Information Technology
0.042-0.001(-2.33%)
At close 05/07 (AEDT)
Market cap
$37.3M
Volume
1,369,691
DY Yield
0
PE Ratio
0
52 Week Range
0.025 - 0.091
1YR Return
35.484%

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