DigitalX Appoints New Chief Executive Officer

DigitalX Limited (ASX:DCC)(OTCQB:DGGXF) (‘DigitalX’ or ‘the Company’) is pleased to announce that after an extensive executive search process it has appointed highly experienced finance industry executive Lisa Wade as Chief Executive Officer.

HIGHLIGHTS
– Lisa Wade, former Head of Digital Innovation and Sustainability at National Australia Bank, appointed new Chief Executive Officer
– Lisa has over 30 years’ experience in finance and financial markets and has a strong background in blockchain project development
– Appointment positions DigitalX with a team and leadership capable of executing its next phase of growth and development
– Lisa was recently recognised as ‘Gender & Diversity Leader of the Year’ at the 2021 Australian Blockchain Industry Awards

Ms Wade has nearly 30 years of finance and financial markets experience working in organisations such as Citigroup, Bendigo Bank and most recently as Head of Digital Innovation and Sustainability at National Australia Bank (NAB).

She has a strong background in blockchain project development, having recently lead the Project Atom Central Bank Digital Currency project (CBDC), a collaborative research project between the Reserve Bank of Australia, CBA and Perpetual, and Project Carbon, a global strategic alliance tokenising voluntary carbon credits with Latu, CIBC, Natwest and NAB.

Ms Wade also has a strong background in funds management. Prior to her current role, she gained extensive experience managing investment portfolios with the Clean Energy Fund and the ESCOR Group. She has also been a Director at Citigroup where she specialised in arbitrage and derivatives. Ms Wade is an experienced trader with an in-depth understanding of pricing and investing in derivatives and financial products. In her role as Head of Community Assets at Bendigo Bank, Lisa specialised in developing financial structures to facilitate the acceleration of impact investment, including co-founding the Bright Energy fund, an early stage investment in Future Super and co-creating RARI, Australia’s first responsible investment ETF.

Ms Wade is also a Non-Executive Director of Blockchain Australia, the peak blockchain industry body in Australia.

She is expected to commence in her role after serving her notice period related to her existing role.

Mr Toby Hicks, Chair of DigitalX, commented: “Following a thorough search and assessment process, we are very proud to confirm the appointment of Lisa Wade as the new Chief Executive Officer of DigitalX. Lisa is a highly experienced and knowledgeable individual who has impressed the Board with her passion and knowledge for both financial markets and Blockchain technologies and opportunities. Out of a pool of outstanding candidates, we are pleased that Lisa has wanted to come on Board and lead DigitalX as it continues to execute its business plan based around our three business units of funds management, Blockchain ventures and development of distributed ledger technologies.”

Ms Lisa Wade, Incoming CEO of DigitalX, commented: “I am truly excited to join DigitalX, they have built the foundations and team to lead Australia and the world in the transition to blockchain as a mainstream part of finance, and to be a leader in this new and fast-moving financial future that blockchain creates. I am looking forward to working with the great team and building on this foundation together to grow the Company’s opportunities and value for shareholders.”

CONTACT
Investor Enquiries
DigitalX Limited
Jonathon Carley
Acting Chief Operating Officer & Chief Financial Officer
E: investors@digitalx.com

Media Enquiries
GRA Partners
Luke Forrestal
Director, Financial Communications
T: +61 411 479 144
E: luke.forrestal@grapartners.com.au

SOURCE: Digitalx Ltd.

DigitalX Bitcoin Fund Secures Investment Grade Rating

DigitalX Limited (ASX: DCC, ‘DigitalX’ or ‘the Company’) is pleased to announce that the DigitalX Bitcoin Fund (ISIN: AU60BQC79571) has received an investment-grade research rating from well-known and respected investment research house, SQM Research. The investment-grade rating on the Company’s Bitcoin Fund represents a significant milestone in that it is the first research-rated digital asset fund in Australia.

Highlights

  • DigitalX Bitcoin Fund becomes the first digital asset fund in Australia to receive an investment-grade rating
  • The Fund has been issued with an investment-grade rating after the review process by SQM Research, one of Australia’s most recognised and respected research houses
  • The investment-grade rating opens additional distribution channels for wealth managers and financial advisors to offer the DigitalX Bitcoin Fund to their clients
  • Represents a significant milestone for mainstream adoption of digital assets in the Australian investment and wealth management industry

As part of the research rating process, the Fund has been reviewed on a number of key principle areas including strategy, team, performance, governance and compliance, fees and expenses, liquidity, and risks. Following this external assessment of the Fund’s credentials, the investment-grade rating now provides institutional investors with increased confidence for investing in the Company’s Bitcoin Fund.

Traditionally, financial advisers require an investment grade rating before being able to add investment products to their approved products list (APL). The investment-grade rating opens additional distribution channels for the Company as advisers can now consider adding the DigitalX Bitcoin Fund to their APLs. According to a report prepared by Oliver Wyman titled “Future of Financial Advice” there are approximately 21,670 registered financial advisers overseeing approximately $962 billion in funds under advice[1].

Mr Matt Harry, the Company’s Head of Funds, commented: “After many months of hard work by the team, we are pleased to have secured an investment grade research rating for the DigitalX Bitcoin Fund. Not only is this a first in Australia but the rating will significantly improve our ability to access the relatively untapped financial adviser market by providing them with access to a market-leading product that is audited, titled, insured, and managed by a team with deep experience in digital asset markets.”

Investor Enquiries
Jonathon Carley
Acting Chief Operating Officer & Chief Financial Officer
DigitalX Limited
E: investors@digitalx.com

Media Enquiries
Luke Forrestal
Director, Financial Communications
GRA Partners
E: luke.forrestal@grapartners.com.au

[1] https://www.oliverwyman.com/content/dam/oliver-wyman/v2/publications/2021/jan/future-of-financial-advice.pdf

SOURCE: DigitalX Ltd.