ASX Probes DigitalX Over Timing of $11.6M Solana Deal

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ASX Probes DigitalX Over Timing of $11.6 Million Solana Deal

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 11, 2025

Key Takeaways

DigitalX denies wrongdoing after the ASX questioned share trades by director Ieva Guoga and her ties to major shareholder Antanas Guoga;
The ASX is investigating whether Ieva bought 3 million shares before a $11.6 million Solana token announcement on May 29;
A shareholder vote is set for September 5 as concerns grow over related-party deals and potential conflicts of interest.

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ASX Probes DigitalX Over Timing of $11.6 Million Solana Deal

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DigitalX, listed on the Australian Securities Exchange (ASX), has pushed back against claims that one of its directors may have broken trading rules.

The company said it followed its internal policies after the ASX raised concerns about recent share purchases by Ieva Guoga and her business ties with her father, Antanas "Tony G" Guoga.

According to an August 11 report from The Australian Financial Review, the ASX is looking into whether Ieva Guoga bought 3 million shares just before a May 29 announcement.

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DigitalX had made an $11.6 million investment in Solana SOL $136.46 tokens. The exchange also wants details about any related transactions involving her father.

The company explained that its policy outlines specific time periods when directors can buy or sell shares. Before making a trade, they must get approval from senior staff.

These rules are meant to prevent trades from happening while the company holds information that could impact its share price and hasn’t yet shared it with the public.

Antanas Guoga owns about 15% of DigitalX. He is also the chairman of SOL Strategies, a Canadian company that recently signed a 12-month deal to provide Solana staking services to DigitalX. This business relationship has added to concerns about possible conflicts of interest.

To address the issue more formally, DigitalX plans to hold a shareholder vote on September 5.

Recently, Paxos agreed to pay $48.5 million to settle with New York’s financial regulator. What happened? Read the full story.