- DigitalX (DCC) executes a partner agreement with the Digital Finance Cooperative Research Centre
- Under the agreement, DigitalX will contribute up to $2.5 million in cash over ten years, with work expected to begin in 2022
- DigitalX says it’s already considering research projects on emerging digital organisational models
- DigitalX was up 8.7 per cent, trading at 12.5 cents per share at 11:30 am AEDT
DigitalX (DCC) has executed a partner agreement with the Digital Finance Cooperative Research Centre.
Under the agreement, DigitalX will contribute up to $2.5 million in cash over ten years. Of that amount, $100,000 will be committed in the current financial year, with $150,000 deposited the following financial year.
The Digital Finance CRC brings together stakeholders in fintech, industry, research, and regulation to develop and commercialise projects focused on the universal digitisation of all assets.
The CRC offers the opportunity to partner and collaborate with other leading organisations around Australia focused on financial and blockchain technologies.
DigitalX said it’s already considering research projects relating to how emerging digital organisational models can be used for the co-ordination of real-world investment decisions, risk and investment management strategies.
David Beros, Chief Product Officer at DigitalX, said the company is excited to have partnered with the Digital Finance CRC.
“Importantly for DigitalX, this provides us with the opportunity to be part of a broader group and to work with research teams to investigate and commercialise ideas that are relevant to our business that may be beyond what we could do on our own,” Mr Beros said.
“We look forward to bringing our own skill set to the Digital Finance CRC and making a meaningful contribution to Australian financial technology innovation over the next 10 years.”
The agreement is expected to kick off in 2022.
DigitalX was up 8.7 per cent, trading at 12.5 cents per share at 11:30 am AEDT.