DigitalX Strengthens Board with Appointment of Financial Veteran Davide Bosio

DigitalX Limited (ASX: DCC), Australia’s first publicly listed blockchain company, has bolstered its board with the appointment of veteran financial services executive Davide Bosio as a Non-Executive Director. The appointment underscores DigitalX’s ambitions to expand its footprint in the digital asset and funds management space.

Bosio, a respected figure in Australian financial services, brings a wealth of experience in corporate finance, capital management, and mergers and acquisitions. His appointment marks a homecoming of sorts—he played a key role in DigitalX’s 2014 backdoor listing as the lead manager, setting the stage for the company’s rise as a trailblazer in blockchain innovation.

From DJ Carmichael to Shaw and Partners

Bosio’s illustrious career includes his tenure as WA State Manager and Director of Corporate Finance at Shaw and Partners Financial Services, one of Australia’s leading investment and wealth management firms. He joined Shaw following its acquisition of DJ Carmichael, a historic WA stockbroking firm, where he had served as Managing Director. His leadership during that transition solidified his reputation as a skilled strategist capable of steering organisations through complex market dynamics.

DigitalX Chair Toby Hicks highlighted Bosio’s exceptional qualifications and long-standing connection to the company:

“Davide is a long-standing supporter of the company since our backdoor listing in 2014 and is well credentialled to add skills at this critical juncture. Our ability to add someone of Davide’s experience and calibre is a great step forward in terms of executing our growth strategy in the future.”

As part of his board appointment, Bosio will receive $50,000 per annum, excluding statutory superannuation, and 10 million unlisted options exercisable at $0.10 each, expiring five years from issuance.

Building on Momentum

Bosio joins DigitalX at a pivotal time. The company has achieved significant milestones in the past year, as outlined at its Annual General Meeting:

• Performance leadership: DigitalX’s funds were ranked first and third in Australia across all asset classes, according to Morningstar, reflecting its cutting-edge approach to asset management.
• Asset and revenue growth: Total assets rose 43% year-on-year, while revenues increased by 30%.
• Cost optimisation: The company implemented cost reductions and reallocated resources to core areas, sharpening its focus on blockchain and digital asset opportunities.

DigitalX also maintains a strong financial position, holding over $50 million in digital assets, including Bitcoin, on its balance sheet. The company is poised to expand its staking activities to drive additional revenue growth while capitalising on regulatory clarity in the digital asset space​​.

A Strategic Advantage

With Bosio’s appointment, DigitalX gains not just a seasoned board member but also a financial strategist with decades of experience navigating the complexities of capital markets. His previous roles, particularly at Shaw and DJ Carmichael, underscore his ability to guide companies through transformative growth and strategic pivots.

The move aligns with DigitalX’s vision to leverage its unique position as a leader in blockchain innovation and digital asset management. By adding Bosio’s expertise, the company aims to deepen its focus on funds management and expand its influence in a sector that’s rapidly gaining mainstream recognition.

As DigitalX prepares for its next chapter, Bosio’s addition to the board signifies a bold step forward, ensuring the company remains at the forefront of blockchain technology and digital finance. With strong leadership and a clear growth strategy, DigitalX is well-positioned to seize the opportunities that lie ahead in this dynamic and evolving industry.