1 C
London
Saturday, November 23, 2024
HomeBusinessDigitalX Bitcoin Fund Secures Investment Grade Rating

DigitalX Bitcoin Fund Secures Investment Grade Rating

Date:

Related stories

Walters BBQ Proudly Offers Mouthwatering BBQ in Pittsburgh

Walters BBQ, a beloved Pittsburgh institution, is excited to...

GMZ Packaging Elevates Boba Tea Experience with Customizable Cups

Lids Built for Functionality GMZ understands the importance of a...

AME CEE 2025 Application Form Released for 2025-26 Session

1. Release of Application Form: 07th Oct, 2024 2. Application...

Pietro Pazzi Unveils the Leadership Chronicles Series

To view the orignal page, please visit - http://www.prlog.org/13039992-pietro-pazzi-unveils-the-leadership-chronicles-series.html WARNING -...

A-Team Group Names Winners of Its RegTech Insight Awards

 A-Team Group has announced the winners of its RegTech...

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

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories