Digital Asset Technologies Retracts Disclosures
Analysis based on 15 articles · First reported Apr 11, 2026 · Last updated Apr 11, 2026
The market is negatively impacted by Digital Asset Technologies Inc.'s retraction of promotional disclosures and failure to secure regulatory registration, leading to uncertainty about its future commercialization efforts. This event highlights regulatory scrutiny in the cryptocurrency and blockchain space, potentially affecting investor confidence in similar ventures.
Digital Asset Technologies Inc. (DATT) has issued a clarifying news release at the request of the Canada===British Columbia Securities Commission (BCSC), retracting previous inaccurate and overly promotional disclosures related to its Digital Asset Technologies Inc.===LiquidLink AI Corp. business. The retracted statements concerned the Xrpfy platform's launch timeline, the acquisition of Ripple (XRP), global payments services, and the commercial status of its node infrastructure on the Lightning Network and XRP Ledger. DATT clarified that the Xrpfy platform has no confirmed commercialization timeline, and its node infrastructure was for non-commercial testing. Furthermore, DATT did not complete the required Money Service Business (MSB) registration with Canada===Financial Transactions and Reports Analysis Centre of Canada, preventing it from conducting regulated payment activities in Canada. The company also confirmed that several previously disclosed investee companies, including Digital Asset Technologies Inc.===Beyond Moo Inc., Digital Asset Technologies Inc.===Goldbloom Inc., and Digital Asset Technologies Inc.===Mylk Brands Inc., are no longer active businesses. These retractions and clarifications are expected to negatively impact investor confidence in Digital Asset Technologies Inc. and its future prospects.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard