- DigitalX (DCC) launches an Australian-first funds management product, the DigitalX Asset Reference Token Fund
- The fund aims to provide investors with exposure to multiple pools of digital tokens backed by real assets
- All investments for the fund undergo approval based on a universal scoring matrix including the comparable investment data criteria
- The fund’s investment strategy focuses on addressing “real-world” issues to support the financing of individuals and businesses, aligning with the company’s motto of “finance for impact”
- Shares last traded at 3.9 cents
DigitalX (DCC) has launched an Australian-first funds management product, the DigitalX Asset Reference Token fund.
The fund aims to provide investors with exposure to multiple pools of digital tokens backed by real-world assets.
The concept of tokenizing real-world assets is expected to revolutionise funding and financial transactions by digitising assets and employing fractionalisation, automation, and tokenisation in the investment selection process.
All investments selected for the fund undergo approval based on a universal scoring matrix that includes comparable investment data criteria.
This product complements the company’s existing fund management products, namely the DigitalX Bitcoin fund and the DigitalX Digital Asset fund.
The fund’s investment strategy focuses on addressing “real-world” issues to support the financing of individuals and businesses, aligning with the company’s motto of “finance for impact.”
The “HxART” pool is the initial investment in the fund and includes a selection of fractional co-ownership of Australian properties that have received approval.
The HxART pool is established in collaboration with Bricklet, a property technology company.
As part of the seed capital for the fund, DigitalX has committed an initial $500,000 in balance sheet funding to the HxART pool.
This provides the HxART fund with initial exposure to three properties located across Australia, which were funded through DigitalX’s partnership with Bricklet.
To raise additional funds for HxART, the company is launching its “1000 Faces” campaign, offering 1000 families an opportunity to access the Australian housing market by utilising HxART pool funds to replace their 20 per cent home deposit.
The funds will be returned to the fund through monthly occupation fees and potential capital gains from the properties co-owned by the fund and the homeowner.
“We believe that on-chain tokenization will ultimately surpass legacy financial infrastructure, creating new investment opportunities and democratizing the finance sector,” DigitalX CEO Lisa Wade said.
“We are thrilled to be at the forefront of this shift with the launch of the DxART Fund and, specifically, the HxART tokens, which aim to bridge the gap for Australians who are unable to enter the property market.”
DigitalX last traded at 3.9 cents.