Yat Siu of Animoca Brands to Join DigitalX’s Strategic Advisory Board

Animoca Brands Strengthens Ties with DigitalX

Yat Siu, the co-founder and executive chairman of Animoca Brands, has been announced as a new member of the planned Strategic Advisory Board of DigitalX. This development follows a significant strategic investment by Animoca Brands in DigitalX, an Australian digital investment manager, according to [Animoca Brands](https://www.animocabrands.com/animoca-brands-yat-siu-to-join-planned-strategic-advisory-board-of-digitalx).

Strategic Investment and Advisory Role

The A$20.7 million investment into DigitalX was facilitated by Animoca Brands alongside other notable investors such as UTXO Management and ParaFi Capital. The funds are intended to support DigitalX’s Bitcoin treasury strategy, enhancing its position as the only ASX-listed crypto fund manager in Australia.

In his new role, Yat Siu will provide strategic advice, particularly focusing on business trends within the Web3 and cryptocurrency sectors. His involvement is expected to bring valuable insights and guidance to DigitalX, leveraging his extensive experience in digital property rights and blockchain technology.

DigitalX’s Market Position

DigitalX, renowned for being Australia’s longest-standing publicly listed digital asset company, has been at the forefront of blockchain innovation. It manages the DigitalX Bitcoin ETF (ASX: BTXX), Australia’s first ASX-listed spot Bitcoin exchange-traded fund, and utilizes blockchain technologies to deliver value to its investors.

The strategic placement aims to solidify DigitalX’s market presence and enable the execution of its Bitcoin treasury strategy. Animoca Brands’ advisory role in this transaction underscores its dedication to bridging traditional finance with the burgeoning potential of Bitcoin.

Comments from Yat Siu

Expressing his enthusiasm, Yat Siu stated, “I’m excited to join DigitalX’s Strategic Advisory Board. We believe Bitcoin is the digital gold and reserve asset of the decentralized era. Animoca Brands’ investment in DigitalX underscores our commitment to this vision. By leveraging our expertise in Web3 and DigitalX’s strong position in the Australian market, we aim to bridge traditional finance with the innovative potential of Bitcoin, setting new standards for accessibility and adoption in the region.”

About Animoca Brands

Animoca Brands Corporation Limited is a leader in the Web3 space, known for its efforts in promoting digital property rights through blockchain technology. The company is recognized widely across the industry and has been included in several prestigious lists such as the Fortune Crypto 40 and Financial Times’ High Growth Companies Asia-Pacific.

Animoca Brands continues to advance blockchain adoption through its Web3 businesses and advisory services, maintaining a portfolio of investments in over 540 companies, including prominent names like Yuga Labs, Axie Infinity, and OpenSea.Image source: Shutterstock