VANCOUVER, BC, April 10, 2026 (GLOBE NEWSWIRE) -- Digital Asset Technologies Inc. (CSE: DATT) (OTCPK: DGTEF) (FSE: 988) ("DATT" or the "Company"), a technology focused investment issuer, is issuing this news release at the request of the British Columbia Securities Commission (the "BCSC") to provide supplemental, corrective and clarifying information regarding its news releases dated June 30, 2025 and May 7, 2025, including its material change report dated May 7, 2025 (collectively, the "Prior Disclosure").
Retraction of Prior Disclosure
The Company retracts certain disclosure in the Prior Disclosure relating to the LiquidLink AI Corp. business. The retracted disclosure includes statements regarding:
- The acquisition enables the company to acquire Ripple (XRP) and LiquidLink is developing Xrpfy that enables users to search for tokenized assets, discover trading routes and arbitrage opportunities across the XRPL decentralized exchange, and navigate the XRP, and that future versions of the platform may incorporate AI agent capabilities.
- The primary services LiquidLink provides is global payments through Ripple's network and the Interledger Protocol (ILP) and that Liquid Link maintains "liquidity pools of stablecoins".
- LiquidLink has launched enterprise-grade infrastructure on the Bitcoin Lightning Network and Ripple's ILP. These deployments position LiquidLink as a foundational hub in the emerging Internet of Value, much like the backbone ISPs that interconnected global networks in the early 2000s.
- The Xrpfy platform is currently in active development and is scheduled to launch by the end of Q2 2025.
- LiquidLink aims to build one of the most connected hubs, bridging fragmented liquidity pools and enabling reliable settlement between networks. The company focuses on being the infrastructure layer merchants and institutions depend on.
- LiquidLink's next milestone with respect to its nodes is creating the first cross-chain liquidity bridge to connect Bitcoin-native assets with the XRP Ledger. This bridge will facilitate seamless asset movement between Bitcoin and XRPL.
- LiquidLink's node business operates independently but complements Xrpfy, the company's flagship platform for efficient payment routing and liquidity discovery. LiquidLink plans to use Xrpfy for its own nodes to find cost-effective payment paths and exchange opportunities across networks.
The Company advises that such disclosure was inaccurate, incomplete, unbalanced and/or overly promotional and should not be relied upon.
Xrpfy Platform and Commercialization Timeline
Prior disclosure indicated launch by Q2 2025. This timeline was not supported by operational readiness or regulatory status. The platform has not been launched and there is no confirmed commercialization timeline.
Regulatory Matters - MSB Registration
The Company would have been required to obtain MSB registration with FINTRAC in order to conduct certain contemplated payment-related activities. The Company submitted a pre-registration on August 20, 2025 and was required to complete the registration process by October 23, 2025. The Company did not complete the registration process and determined not to proceed with the application. As a result, the Company is not registered as an MSB and is not permitted to conduct regulated payment activities in Canada. There can be no assurance that such registration will be obtained in the future.
Clarification of Node Infrastructure Deployment
In the Original Release, the Company announced the "launch" of its enterprise-grade node infrastructure on the Bitcoin Lightning Network and XRP Ledger (XRPL) Interledger Protocol (ILP). The Company wishes to clarify that this "launch" referred to the successful technical deployment and connection of the node infrastructure to their respective networks in a limited, non-commercial testing environment.
As of the date of the Prior Disclosure, the infrastructure was intended for internal technical validation and cross-chain testing. Consequently:
- Commercial Status: The infrastructure was not processing third-party commercial transactions.
- Customer Onboarding: The Company had not commenced customer onboarding activities.
- Operational Status: Following this initial deployment, the Company paused further development and operation of such infrastructure.
Context Regarding ISP Comparisons
The Company also wishes to provide additional context regarding the comparison in the Original Release between its node deployments and foundational internet service providers (ISPs). This statement was intended as a general description of the technical architecture of the Interledger Protocol (ILP). The Company clarifies that such comparison does and did not reflect the Company's operations, revenue, scale or market position and should not be interpreted as such.
Path to Commercialization and Risk Factors
The Company's milestone of creating a cross-chain liquidity bridge for Bitcoin-native assets (remains in the development phase. Any potential commercialization would be subject to several requirements, including:
- Capital Allocation: The Company requires additional funding.
- Regulatory Compliance: Completing necessary Money Service Business (MSB) registrations.
- Technical Integration: Finalizing the cross-chain bridge protocols and security audits.
Investors are cautioned that there is no guarantee that the Company will achieve these commercial milestones or secure the funding required to resume node operations
Investment Status - Private Companies
The Company confirms that certain previously disclosed investee companies, including Beyond Moo Inc., Goldbloom Inc., and Mylk Brands Inc. are no longer active or operating businesses. Investors are cautioned not to rely on prior disclosure regarding the growth, projections, or business prospects of these entities.
Website and Disclosure Updates
The Company confirms that it has taken action to update or remove prior disclosure from its website, investor materials and social media channels to ensure consistency with this clarifying news release.
About Digital Asset Technologies Inc.
Digital Asset Technologies (CSE: DATT) is a publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing technology.
Contact:
Geoff Balderson, CFO
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release.
Cautionary Note regarding Forward Looking Statements
This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, "subject to", or variations of such words and phrases or state that certain actions, events or results "may" or "will" be taken, occur or be achieved. Forward-looking statements in this news release include, but are not limited to, statements regarding the Company's business strategy, current and future investments, and updated Investment Policy. Forward-looking statements are based on assumptions, but the actual results may be materially different from any future expectations expressed or implied by the forward-looking statements. The forward-looking statements can be affected by known and unknown risks, uncertainties and other factors, including, but not limited to, the equity markets generally. Accordingly, readers should not place undue reliance on forward-looking statements.
