ASX Increases Investment In Digital Asset Holdings, LLC

ASX announces that it is exercising its right to purchase further equity in the US-based firm Digital Asset Holdings, LLC (Digital Asset). ASX is investing US$7,157,065 which increases ASX’s holding in Digital Asset to approximately 8.5%.

ASX will appoint a representative to the board of Digital Asset as it increases its holding.

ASX and Digital Asset have also entered into a commercial agreement appointing Digital Asset as ASX’s preferred partner to continue to develop a distributed ledger technology solution to address the post-trade needs of the Australian cash equities market.