ASX is pleased to announce that it has entered into an agreement and completed the sale of its shareholding in Digital Asset Holdings, LLC (Digital Asset) for approximately $57 million.
The sale will be recognised as part of ASX’s FY25 financial results, with ASX recognising a pre-tax gain of approximately $42 million compared to ASX’s current carrying value of Digital Asset. The gain on sale will be recognised directly in the asset revaluation reserve in equity in accordance with the accounting treatment applied to the investment when it was acquired.
The sale price represents a pre-tax gain of approximately $10 million on ASX’s original acquisition cost.
Source: ASX
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
As Technology Evolves, Asset Managers Adapt and Innovate
Citi Changes Organizational Structure
SEC Charges Virtu for Disclosures Relating to Information Barriers
ICE Futures Singapore Partners with CoinDesk Indices
Related articles
-
Legislation aims to establish a clear regulatory framework for digital assets.
-
AllUnity, a joint venture between DWS, Flow Traders, and Galaxy will issue EURAU.
-
Hester Peirce and Caroline Pham spoke at an industry conference in London.
-
Correspondent clearing is a critical gateway for broader market participation with digital assets.
-
The company’s dShares, tokenized representations of U.S. equities and ETFs are distributed outside the U.S. ...