Digital Asset Technologies Retracts Promotional Claims on Crypto Payments Plans

Digital Asset Technologies ( (TSE:DATT) ) just unveiled an update.

Digital Asset Technologies Inc. has issued a corrective disclosure at the request of the British Columbia Securities Commission, retracting and clarifying prior promotional statements about its LiquidLink AI Corp. business and the Xrpfy platform. The company now states that earlier claims about global payments services, liquidity pools, cross-chain bridges, AI-enabled platforms and foundational market positioning were inaccurate, incomplete or overly promotional and should not be relied upon.

The firm confirms that the Xrpfy platform has not launched, lacks a confirmed commercialization timeline, and that its node infrastructure on the Bitcoin Lightning Network and XRP Ledger Interledger Protocol only operated in a limited, internal testing environment before development was paused. Digital Asset Technologies also abandoned its money services business registration process with FINTRAC, meaning it is not permitted to conduct regulated payment activities in Canada, and stresses that any comparisons to foundational internet service providers were descriptive of protocol architecture, not of its own scale or market position.

More about Digital Asset Technologies

Digital Asset Technologies Inc. is a Vancouver-based, technology-focused investment issuer listed on the CSE, OTC and Frankfurt exchanges, with activities centered on digital asset and blockchain-related ventures. The company has explored infrastructure around networks such as the Bitcoin Lightning Network, the XRP Ledger and the Interledger Protocol, but remains at an early, non-commercial stage in these initiatives.

Average Trading Volume: 103,062

Technical Sentiment Signal: Sell

Current Market Cap: C$1.09M

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