DigitalX Limited (ASX: DCC)
In the first week of August, Bitcoin hit a record high market value of US$74 billion topping Netflix’s US$72.7 billion market cap.
The rise of bitcoin to these heights offers crystal-clear evidence that the cryptocurrency and blockchain space is currently in the throes of an epic explosion, especially when you consider we’re now looking at a US$150 billion global cryptocurrency market.
One company positioning itself right in the thick of this crypto renaissance is ASX fintech junior, DigitalX Limited (ASX:DCC), the only listed digital currency company in Australia.
DCC is focused on the global digital payments industry, developing fintech products and services in the mobile bill payments and remittance space. Its most recent additions to its business are its blockchain and initial coin offering (ICO) consulting services.
ICOs have been described as a kind of digital gold rush and there is already substantial funds being raised, surpassing early stage venture capital funding for internet companies.
Over US$1.6 billion has been raised around the world through ICOs this year so far, with DCC jumping on this growing trend by providing expert advice in this field.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
DCC already has a portfolio of clients for its ICO business and recently announced its newest partnership with the high-profile Bankera.
Now as the only listed digital currency company in Australia, it’s well placed for involvement in discussions on public policy and regulation of this new, growing market.
As such, this tiny $11.26 million fintech could be a highly strategic entry point for investors that still want a seat on the crypto train.