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ASX Sells Stake in Digital Asset Holdings for $57 Million
The Australian Securities Exchange (ASX) has announced the sale of its equity stake in Digital Asset Holdings, a blockchain technology company specializing in distributed ledger solutions. The transaction, valued at approximately $57 million, marks ASX's strategic move to streamline its portfolio and focus on core business operations.
Digital Asset Holdings is known for developing advanced blockchain platforms aimed at transforming financial markets infrastructure. ASX had previously invested in the company to explore blockchain-based clearing and settlement solutions.
This divestment allows ASX to realize significant returns on its investment, while Digital Asset Holdings continues to innovate within the fintech sector.
#ASX #ADXTrading #ASX $asx #asx
The Australian Securities Exchange (ASX) has announced the sale of its equity stake in Digital Asset Holdings, a blockchain technology company specializing in distributed ledger solutions. The transaction, valued at approximately $57 million, marks ASX's strategic move to streamline its portfolio and focus on core business operations.
Digital Asset Holdings is known for developing advanced blockchain platforms aimed at transforming financial markets infrastructure. ASX had previously invested in the company to explore blockchain-based clearing and settlement solutions.
This divestment allows ASX to realize significant returns on its investment, while Digital Asset Holdings continues to innovate within the fintech sector.
#ASX #ADXTrading #ASX $asx #asx
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๐ ASX sells stake in blockchain company for $57 million!
๐ก The Australian Securities Exchange (ASX) has officially sold its stake in Digital Asset Holdings for $57 million. This deal will be reflected in their reports for 2025 with a pre-tax profit of about $42 million.
๐ฅ Interestingly, ASX acquired 8.5% of the shares back in 2016 to replace the outdated CHESS system with blockchain. However, in 2022, the project was canceled, leading to losses of $250 million!
โ๏ธ ASIC has already filed a lawsuit against ASX, accusing the exchange of misrepresenting the course of the project. Now, Tata Consulting Services will take over the replacement of CHESS.
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๐ PJW analysis: โ Exchanges learn from mistakes. Even major players are not immune to failures. ๐จ Legal and regulatory risks can affect even the 'veterans' of the market. ๐ก Notably, there is investor interest in the transparency and efficiency of blockchain projects.
#Blockchain #ASX #PJW #CryptoNews #DeFi
$ETH
๐ก The Australian Securities Exchange (ASX) has officially sold its stake in Digital Asset Holdings for $57 million. This deal will be reflected in their reports for 2025 with a pre-tax profit of about $42 million.
๐ฅ Interestingly, ASX acquired 8.5% of the shares back in 2016 to replace the outdated CHESS system with blockchain. However, in 2022, the project was canceled, leading to losses of $250 million!
โ๏ธ ASIC has already filed a lawsuit against ASX, accusing the exchange of misrepresenting the course of the project. Now, Tata Consulting Services will take over the replacement of CHESS.
---
๐ PJW analysis: โ Exchanges learn from mistakes. Even major players are not immune to failures. ๐จ Legal and regulatory risks can affect even the 'veterans' of the market. ๐ก Notably, there is investor interest in the transparency and efficiency of blockchain projects.
#Blockchain #ASX #PJW #CryptoNews #DeFi
$ETH
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TP : blue lines
SL :
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โ๏ธINSTRUCTIONS 2:
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Axsusdt short
๐Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
โ๏ธINSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
โ๏ธINSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X โค20
And
3% of your wallet for LEV X โฅ 20
#ASX #MarketNewHype #Write2Earn! #BinanceBlockchainWeek
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