Growing adaptation of blockchain powered solutions has sought the interest of investors. ASX listed companies offers a few stocks of potential growth companies that are likely to benefit in the near future.
NoviqTech Limited (ASX: NVQ)
NoviqTech Limited (ASX: NVQ) is accelerating its commitment to blockchain technology with substantial investments in Hedera (HBAR) tokens. In December 2024, the company expanded its holdings to over 1.8 million HBAR tokens, with a total investment of approximately A$250,000 for the year. This strategic move underscores NoviqTech's dedication to the Hedera ecosystem, which is known for its high-performance, secure, and energy-efficient blockchain solutions. Hedera's unique consensus mechanism and quantum-resistant security features position it as a leader in blockchain innovation, aligning well with NoviqTech's goals in creating scalable, transparent solutions, particularly in sectors like ESG compliance and supply chain traceability.
Alongside its investment in Hedera, NoviqTech is deepening its involvement in blockchain applications through its expanded partnership with Global Resource Recovery (NT) (GRR). This new strategic alliance marks a shift from a simple client relationship to a key collaboration within the Australian oil and gas sector. GRR will act as a channel partner for NoviqTech’s Carbon Central platform, leveraging its industry expertise to drive adoption of blockchain-based solutions that enhance transparency and accountability in recycling operations. The partnership aims to address growing regulatory demands for transparency in emissions reporting while tapping into a rapidly expanding market for connected solutions in the oil and gas industry, projected to reach USD 74.13 billion by 2032.
NoviqTech plans to further develop its blockchain capabilities, with initiatives like the upcoming launch of NoviqAI's beta version in January 2025. This platform will focus on enhancing supply chain traceability and carbon tokenization, further reinforcing the company’s commitment to environmental sustainability. Through continued investment in Hedera and strategic partnerships, NoviqTech is positioning itself as a leader in the blockchain space, driving innovation across a variety of industries by providing real-time, auditable, and scalable solutions that align with the demands for greater transparency, sustainability, and efficiency.
DigitalX Limited (ASX: DCC)
DigitalX Limited (ASX: DCC) has strengthened its financial position with a $15.4 million capital raise through a $10.3 million private placement and a rights issue for existing shareholders, both priced at $0.047 per share. This capital injection significantly enhances DCC’s liquidity, enabling it to support ongoing operations, pursue strategic investments, and capitalize on growth opportunities in the rapidly evolving cryptocurrency market. The company has also restructured its Bitcoin exposure, with its Bitcoin Fund subscribing for 1,279,137 units in the ASX-listed DigitalX Bitcoin ETF (BTXX), valued at A$42.9 million, using bitcoin from its portfolio. This transition to holding BTXX units aligns with DCC’s strategy to leverage its market-leading ETF as a core offering. The fund’s strong initial investment underscores the company’s confidence in the ETF’s growth potential.
As of October 2024, DCC reported a 15.9% gain in the DigitalX Bitcoin Fund (DXBF) and a 10.9% rise in the DigitalX Fund (DXF), significantly outperforming the S&P Cryptocurrency Top 10 Equal Weight Index AUD (3.4%), the All Ordinaries Index (-1.4%), and AUD gold (10.7%). These results highlight the company’s strong asset management performance, backed by a favorable market environment as Bitcoin prices surge during a new crypto bull run. DCC has further reduced its debt-to-equity ratio, reflecting an improving balance sheet and lower financial risk. With over $58 million in digital assets and the potential recovery of 41 Bitcoin from Mt. Gox (valued at $7 million), the company is well-positioned to benefit from the appreciating value of its holdings. The ASX-listed BTXX ETF has raised over $54 million since its launch, and increasing investor interest underscores its potential as a key revenue driver. With the victory of Donald Trump and the prospect of crypto-friendly policies, DCC stands to benefit from a more favourable regulatory environment. This, combined with its enhanced liquidity and asset base, positions the company to capitalize on growing market interest in digital assets and drive long-term shareholder value.
Source: Company’s Report
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