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Digital Asset Technologies Announces Proposed $3 Million Private Placement to Fund LiquidLink's Lightning Network Liquidity
Globenewswire· 2025-07-29 11:30
Core Viewpoint - Digital Asset Technologies Inc. is initiating a non-brokered private placement to raise up to C$3,000,000 to support its subsidiary LiquidLink in developing high-liquidity infrastructure for instant settlement of Bitcoin, stablecoins, and Real World Assets on the Lightning Network [1][2][3] Offering Details - The Offering will consist of up to 3,000 Convertible Debenture Units priced at C$1,000 each, aiming for gross proceeds of up to C$3,000,000 [4] - Each Convertible Debenture Unit includes C$1,000 principal amount of 10.0% unsecured convertible debentures and 2,000 common share purchase warrants [4] - The Convertible Debentures will mature 24 months from the Closing Date and can be converted into common shares at a price of C$0.25 per share [5] Financial Aspects - The Convertible Debentures will bear interest at 10.0% per annum, payable semi-annually in cash or, at the company's option, in common shares [6] - The Offering may involve finders' fees in cash or securities, with no minimum number of Convertible Debenture Units required to close [7] Regulatory and Compliance - The securities issued will be subject to a statutory hold period of four months plus one day from the issue date [8] - The Offering will be conducted in Canada and other jurisdictions, including the U.S., under private placement exemptions [9] Company Overview - Digital Asset Technologies Inc. focuses on equity investments in global companies developing technology, with a particular interest in blockchain technology through its subsidiary LiquidLink [10] - LiquidLink aims to build secure infrastructure for the tokenized economy, expanding its focus to include high-availability infrastructure on the Bitcoin Lightning Network [11]
Digital Asset Technologies Inc. Welcomes Brian Rose to Advisory Board
Globenewswire· 2025-07-24 11:30
Core Insights - Digital Asset Technologies Inc. (DATT) has appointed Brian Rose to its Advisory Board, enhancing its strategic capabilities in the cryptocurrency and DeFi sectors [1][5] - Brian Rose brings a diverse background in traditional finance, media entrepreneurship, and cryptocurrency education, which will support DATT's initiatives in real-world asset tokenization and decentralized infrastructure [2][3][4] Company Overview - Digital Asset Technologies Inc. is a publicly traded investment issuer focused on equity investments in technology companies, particularly in blockchain technology through its portfolio company, LiquidLink [7] - LiquidLink aims to build secure infrastructure for the tokenized economy, developing products like Xrpfy to enhance trading intelligence and self-custody tools [8][9] Advisory Board Enhancement - The addition of Brian Rose to the advisory board is expected to provide strategic guidance on market trends and community engagement, leveraging his extensive network [4][5] - Rose's experience in simplifying complex topics and building communities is seen as a significant asset for DATT's growth and innovation [5] Stock Options Announcement - DATT has granted stock options to purchase up to 350,000 common shares at a price of $0.25 per share, exercisable for five years, with a vesting period of 12 months [6]
Digital Asset Technologies Inc. Poised for Growth Amidst Surging Digital Asset Market and Key Ecosystem Advancements
Globenewswire· 2025-07-14 11:30
Core Insights - The digital asset market is experiencing strong bullish momentum, with Bitcoin recently reaching an all-time high of over $119,000 USD, driven by institutional ETF inflows and positive market sentiment [2] - Analysts predict an average Bitcoin price of $145,167 by the end of the year, supported by the US government's endorsement of a Bitcoin strategic reserve and progressive stablecoin legislation [2] - The approval of the first iOS game with Bitcoin Lightning Network rewards by Apple signifies a pivotal moment for Bitcoin's mainstream adoption [3] Company Focus - Digital Asset Technologies Inc. is strategically positioned to capitalize on the evolving digital asset landscape through its portfolio company, LiquidLink, which is developing infrastructure for the Bitcoin Lightning Network and XRP Ledger [4][6] - LiquidLink is actively running enterprise-grade Lightning Network node infrastructure and is developing tools to connect Bitcoin-native assets with the XRP Ledger, facilitating seamless trading and transactions [5][8] - The launch of the XRPL EVM Sidechain enhances the XRP Ledger's capabilities, allowing assets from over 60 blockchains to trade on its decentralized exchange, which could benefit various DeFi and enterprise solutions [4][5] Market Positioning - Digital Asset Technologies Inc. aims to contribute to the future of decentralized finance and global payments by providing liquidity, reliability, and speed across diverse blockchain networks [6] - The company's proactive investments and LiquidLink's innovative work position it as a leader in the rapidly expanding digital asset industry [6][7]
Digital Asset Technologies Inc. Poised for Growth Amidst Surging Digital Asset Market and Key Ecosystem Advancements
GlobeNewswire News Room· 2025-07-14 11:30
Core Insights - The digital asset market is experiencing strong bullish momentum, with Bitcoin recently reaching an all-time high of over $119,000 USD, driven by institutional ETF inflows and positive market sentiment [2] - Analysts predict an average Bitcoin price of $145,167 by the end of the year, supported by the US government's endorsement of a Bitcoin strategic reserve and progressive stablecoin legislation [2] - The approval of the first iOS game with Bitcoin Lightning Network rewards by Apple signifies a pivotal moment for Bitcoin's mainstream adoption [3] Company Developments - Digital Asset Technologies Inc.'s portfolio company, LiquidLink, is actively involved in the development of enterprise-grade Lightning Network infrastructure and tools for seamless integration of Bitcoin-native assets with the XRP Ledger [5][6] - LiquidLink's strategic focus on interoperability between the Bitcoin Lightning Network and the XRP Ledger positions the company as a leader in the evolving digital asset ecosystem [6] - LiquidLink is developing its flagship product, Xrpfy, which aims to provide self-custody discovery tools and trading intelligence for the XRPL ecosystem, potentially expanding to support multiple blockchains [8] Industry Trends - The launch of the XRPL EVM Sidechain enhances the XRP Ledger's capabilities, allowing for smart contracts and cross-chain interoperability, which could facilitate trading of assets from over 60 blockchains [4] - The integration of Lightning Network payments in mainstream gaming reflects the accelerating adoption and maturation of the digital asset space [4] - Digital Asset Technologies Inc. is well-positioned to benefit from the ongoing evolution of the digital asset markets through its proactive investments and innovative work by LiquidLink [6]
Digital Asset Technologies Appoints Alexander Kravets to Advisory Board
Globenewswire· 2025-07-02 11:30
Core Insights - Digital Asset Technologies Inc. (DATT) has appointed Alexander Kravets to its Advisory Board, enhancing its expertise in digital assets and blockchain technology [1][5]. Group 1: Company Overview - Digital Asset Technologies Inc. is a publicly traded investment issuer focused on equity investments in global technology companies [6]. - The company has entered the blockchain technology sector through its portfolio company, LiquidLink AI Corp., which focuses on real-world asset tokenization and decentralized infrastructure [6]. Group 2: Advisory Board Appointment - Alexander Kravets has a strong background in Wall Street trading, fintech innovation, and cryptocurrency market leadership, having founded the U.S. operations of CEX.IO [2]. - Under Kravets's leadership, CEX.IO grew its U.S. business by over 1,100% in three years and secured more than 30 Money Transmission Licenses [2]. - CEX.IO now serves 15 million users across 220 countries, with daily trading volumes reaching up to $600 million [3]. Group 3: Strategic Initiatives - At DATT, Kravets will assist in sourcing and structuring digital asset flows for LiquidLink's Bitcoin Lightning Network nodes and Interledger Protocol nodes [4]. - The transactions will involve Bitcoin, stablecoins, and tokenized real-world assets, structured as loans and revenue-sharing agreements [4]. - The CEO of DATT, Marcus Ingram, emphasized that Kravets's experience will be invaluable as the company expands LiquidLink's capabilities [5].
Digital Asset Technologies Portfolio Company, LiquidLink Launches Bitcoin Lightning and XRP ILP Nodes
Globenewswire· 2025-06-30 06:00
Core Insights - Digital Asset Technologies Inc. (DATT) announces that its portfolio company, LiquidLink AI Corp., has launched enterprise-grade infrastructure on the Bitcoin Lightning Network and Ripple's Interledger Protocol (ILP), positioning LiquidLink as a foundational hub in the Internet of Value [1][2] Group 1: LiquidLink's Infrastructure and Goals - LiquidLink aims to create a highly connected hub that bridges fragmented liquidity pools and enables reliable settlement between networks, focusing on being the infrastructure layer for merchants and institutions [2][3] - The company plans to support the rise of stablecoins on Bitcoin and XRP Ledger, leveraging the recent Clarity for Payment Stablecoins Act to accelerate its initiatives [3][4] Group 2: Cross-Chain Liquidity Bridge - LiquidLink's next milestone involves creating the first cross-chain liquidity bridge to connect Bitcoin-native assets with the XRP Ledger, facilitating seamless asset movement [4] Group 3: Node Operations and XRPFY Platform - LiquidLink's node business operates independently but complements XRPFY, the company's flagship platform for efficient payment routing and liquidity discovery, which will be utilized for cost-effective payment paths [5] Group 4: Company Overview - Digital Asset Technologies Inc. focuses on equity investments in global companies developing technology, with LiquidLink concentrating on secure, interoperable infrastructure for the tokenized economy [6][7]
Digital Asset Technologies Appoints Marcus Ingram as Chief Executive Officer and Director
Globenewswire· 2025-06-27 11:30
Group 1 - Digital Asset Technologies Inc. has appointed Marcus Ingram as the new CEO and Director, who will also continue as CEO of its portfolio company LiquidLink [1][2] - The appointment follows the resignation of Young Bann, who will remain as an Advisor to ensure a smooth transition [2] - Ingram aims to leverage blockchain technology to enhance payment systems and explore opportunities in Web3, DeFi, and decentralized infrastructure [3][4][5] Group 2 - Ingram believes LiquidLink has the potential to become a unicorn in a significant market and is committed to strategic investments in emerging digital economies [6] - Digital Asset Technologies focuses on equity investments in companies developing technology, particularly in blockchain and real-world asset tokenization [7] - LiquidLink is dedicated to building secure infrastructure for the tokenized economy, with its flagship product Xrpfy supporting multiple blockchains [8]
Digital Asset Technologies Portfolio Company, LiquidLink to Host Weekly X Spaces Exploring Real World Assets on the XRP Ledger, Bitcoin Lightning Network and Other Blockchain Networks
Globenewswire· 2025-06-25 11:30
Group 1 - Digital Asset Technologies Inc. announces that its portfolio company LiquidLink AI Corp. will host a weekly series of discussions on Real World Assets (RWAs) on the XRP Ledger and Bitcoin Lightning Network starting July 7, 2025 [1][2] - The series aims to create a credible space for community engagement with developers, asset issuers, legal experts, and ecosystem builders, focusing on the utility of XRP and Bitcoin networks [2][6] - LiquidLink's flagship product, Xrpfy, offers tools for self-custody, trading intelligence, and RWA launchpad capabilities, expanding to support multiple blockchains [6][5] Group 2 - Machai Capital Inc. has been engaged to provide digital marketing services, including branding, content optimization, and lead generation, for a 30-day period at a cost of $60,000 plus GST [3][4] - The services provided by Machai will be overseen by its President, Suneal Sandhu, who holds 2,500,000 shares of Digital Asset Technologies [4]