VANCOUVER, British Columbia — Digital Asset Technologies Inc., a publicly traded investment firm focused on emerging technologies, issued a clarifying news release on April 10, 2026, at the request of the British Columbia Securities Commission. The announcement retracts and corrects several statements from earlier disclosures, including news releases dated June 30, 2025, and May 7, 2025, as well as a material change report from the same period. Company officials described the prior information as "inaccurate, incomplete, unbalanced and/or overly promotional," urging investors not to rely on it.
The core of the retraction centers on the company's disclosures about its LiquidLink AI Corp. business, which had been portrayed in earlier releases as a promising venture in digital asset technologies. According to the new release, statements regarding the business's operations, projections, and potential were overstated. "The Company retracts certain disclosure in the Prior Disclosure relating to the LiquidLink AI Corp. business," the document states, without providing further details on the specific inaccuracies beyond the general characterization.
One key area of clarification involves the Xrpfy Platform, which prior announcements claimed would launch by the second quarter of 2025. The company now admits that this timeline "was not supported by operational readiness or regulatory status." As of the release date, the platform has not been launched, and there is "no confirmed commercialization timeline." This admission comes amid broader concerns about the company's readiness to bring its technology to market.
Regulatory hurdles also played a significant role in the company's revised disclosures. Digital Asset Technologies had indicated plans to engage in payment-related activities that would require registration as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). The company submitted a pre-registration on August 20, 2025, with a deadline to complete the process by October 23, 2025. However, it did not follow through. "The Company did not complete the registration process and determined not to proceed with the application," the release explains. As a result, Digital Asset Technologies is not registered as an MSB and "is not permitted to conduct regulated payment activities in Canada." Officials added that "there can be no assurance that such registration will be obtained in the future."
Another point of correction pertains to the company's node infrastructure on the Bitcoin Lightning Network and the XRP Ledger (XRPL) Interledger Protocol (ILP). In the original May 7, 2025, release, the firm announced the "launch" of an enterprise-grade node infrastructure. The clarifying statement specifies that this referred only to "the successful technical deployment and connection of the node infrastructure to their respective networks in a limited, non-commercial testing environment." At the time of the prior disclosure, the setup was meant for "internal technical validation and cross-chain testing," not any form of commercial operation.
The release also addresses a comparison made in earlier materials between the company's node deployments and foundational internet service providers (ISPs). That analogy was intended as "a general description of the technical architecture of the Interledger Protocol (ILP)," according to the company. It emphasizes that the statement "does and did not reflect the Company’s operations, revenue, scale or market position and should not be interpreted as such." This clarification aims to temper any perceptions of the firm's technological stature.
Looking ahead, the path to commercialization for the company's cross-chain liquidity bridge for Bitcoin-native assets remains firmly in the development phase. Achieving any market rollout would require multiple steps, including obtaining necessary regulatory approvals, securing adequate funding, and ensuring technical viability. "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," the release warns. This milestone, once touted as a breakthrough, now faces significant uncertainties.
The company's investment portfolio has also come under scrutiny. Digital Asset Technologies confirmed that several previously disclosed investee companies, including Beyond Moo Inc., Goldbloom Inc., and Mylk Brands Inc., are "no longer active or operating businesses." Investors are advised "not to rely on prior disclosure regarding the growth, projections, or business prospects of these entities." This revelation underscores potential risks in the firm's strategy of investing in global technology developers.
In response to these issues, Digital Asset Technologies has updated its website, investor materials, and social media channels to align with the new information. "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," the document states. These changes are part of efforts to comply with securities regulations and restore transparency.
The clarifying release was prompted directly by the British Columbia Securities Commission (BCSC), highlighting regulatory oversight in the volatile world of digital asset investments. The BCSC, as Canada's primary securities regulator for British Columbia, often requires such clarifications when public disclosures raise concerns about accuracy or completeness. Geoff Balderson, the company's Chief Financial Officer, is listed as the contact for further inquiries, though no additional comments from him were included in the release.
Digital Asset Technologies Inc., traded on the Canadian Securities Exchange under the ticker CSE: DATT, as well as OTCPK: DGTEF and FSE: 988, positions itself as a "publicly traded investment issuer that identifies and makes equity investments in global companies that are developing and commercializing technology." The firm's focus on blockchain and digital assets places it in a sector known for rapid innovation but also for frequent regulatory interventions and market corrections.
This is not the first time Digital Asset Technologies has navigated disclosure challenges. The company's prior releases from mid-2025 generated buzz among investors interested in cryptocurrency infrastructure, with mentions of bridges between blockchains like Bitcoin and XRPL fueling speculation. However, the lack of progress on regulatory and operational fronts has now led to this formal retraction, potentially impacting shareholder confidence.
Broader context in the digital asset space reveals a pattern of similar issues. Regulators worldwide, including FINTRAC and the BCSC, have intensified scrutiny on firms promising blockchain-based payment solutions without proper compliance. For instance, the requirement for MSB registration ensures anti-money laundering measures, a critical safeguard in the crypto industry. Digital Asset Technologies' decision not to pursue it effectively sidelines any near-term plans for payment activities.
Investor reactions to the clarifying release were not immediately available, but the timing—over nine months after the initial disclosures—suggests ongoing monitoring by market watchers. The Canadian Securities Exchange, on which the company is listed, noted in the release that it "does not accept responsibility for the adequacy or accuracy of this release and has neither approved nor disapproved the contents of this press release." This standard disclaimer underscores the exchange's neutral stance.
Looking forward, the company's ability to pivot and secure new investments will be key. Forward-looking statements in the release, such as those about business strategy and future investments, come with caveats: "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." Risks include market volatility and regulatory uncertainties, factors that have plagued many tech-focused issuers.
As Digital Asset Technologies works to realign its disclosures, the episode serves as a reminder of the importance of balanced reporting in the high-stakes world of digital finance. Investors and analysts will likely watch closely for any updates on funding or regulatory pursuits, while the BCSC's involvement signals a commitment to protecting market integrity.