Digital Asset Technologies Clarifies Prior Disclosures, BCSC Request

Digital Asset Technologies Inc. issued a clarifying news release on April 10, 2026 at the request of the British Columbia Securities Commission (BCSC), retracting and correcting portions of its disclosures from June 30, 2025 and May 7, 2025. The company warned investors not to rely on certain prior statements concerning its LiquidLink AI Corp. business.

The release specifies that previously published claims about acquiring Ripple (XRP), the development and imminent launch of the Xrpfy platform, the operation of commercial-grade node infrastructure on the Bitcoin Lightning Network and the XRPL Interledger Protocol, and the existence of stablecoin liquidity pools were inaccurate, incomplete or promotional. Digital Asset Technologies said those statements were not supported by operational readiness or regulatory status.

On regulatory matters the company clarified that it would have required Money Service Business (MSB) registration with FINTRAC to perform certain payment activities in Canada. The company submitted a pre-registration on August 20, 2025, was required to complete registration by October 23, 2025, but did not complete the process and chose not to proceed with the application; consequently it is not registered as an MSB in Canada. The Xrpfy platform has not launched and there is no confirmed commercialization timeline.

Digital Asset Technologies also qualified its earlier comparisons of its node deployments to foundational internet service providers, saying the analogy described technical architecture rather than reflecting current operations, revenue or scale. The company confirmed the node deployment referenced earlier was limited to non‑commercial internal testing, did not process third‑party transactions, and that further development and operation were paused. It also noted several previously disclosed investee companies are no longer active.

From a market perspective, the clarifying release increases disclosure risk and may pressure sentiment among holders of DATT securities until the company completes any required restatements, regulatory filings or secures additional funding. Management highlighted the need for capital allocation, regulatory compliance and technical integration before any cross‑chain bridge or commercial node services could be realized. Market participants should monitor the company’s refiled financial statements and subsequent BCSC interactions for indications of remediation or further liabilities.