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.

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