Phoenix Digital Assets

What Phoenix Digital Assets does

Phoenix Digital Assets Gibraltar PLC (PNIX) is a publicly listed investment vehicle incorporated in Gibraltar under the Gibraltar Companies Act 2014 (company number 126184), with its registered office at Unit G02, Eurocity, Eurosport Avenue, Gibraltar GX1 1AA. The company holds a portfolio of large cap liquid digital assets and offers retail and institutional investors publicly tradeable equity exposure to crypto markets through the Access segment of the AQSE Growth Market (TIDM: PNIX, ISIN: A420ZM GI000A420ZM6, SEDOL: BMW3420), with 411,484,705 ordinary shares in issue and 77,125,000 options and warrants outstanding (21.4% of fully diluted share capital). Unlike private crypto funds, Phoenix positions itself as a transparent, liquid, and independently audited vehicle, with annual independent audits of fund performance and Gibraltar regulatory oversight through GFSC-authorized directors.

The business operates without a proprietary technology platform or product suite; its offering is a single equity security whose value reflects the underlying crypto-asset portfolio. Distribution is conducted entirely through the AQSE public market, with secondary marketing limited to the corporate website (getphoenix.co.uk), an investor waitlist, and a Twitter/X account (@NFTInvestPLC). The go-to-market is sales/public-market led: investors gain exposure by purchasing PNIX shares through standard brokerage accounts rather than through onboarding into a managed-fund product. The revenue model is therefore NAV-driven (crypto portfolio returns) rather than fee-driven, and operating revenue is not publicly disclosed.

The company was originally admitted to AQSE trading on 16 April 2021 as NFT Investments PLC and was re-incorporated in Gibraltar on 8 December 2025, with the Scheme of Arrangement becoming effective on 27 January 2026. Leadership is provided by directors with track records scaling Argo Blockchain Plc to a $2B USD valuation in 2022 (Jonathan Bixby and Mike Edwards), supplemented by Gibraltar-specialized regulatory directors (Alexandra Assal and Nathan Catania) and an experienced quoted-company finance director (Nick Lyth). The founding team's stated investment strategy emphasized timing market exposure, claiming to have purchased the majority of the portfolio's crypto assets at the November–December 2022 market bottom.

Name

Phoenix Digital Assets

Legal name

Phoenix Digital Assets Gibraltar PLC

Website

https://getphoenix.co.uk

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

1–10 employees

Short description

Phoenix Digital Assets Gibraltar PLC (AQSE: PNIX) is a publicly listed investment vehicle holding a portfolio of large cap liquid crypto assets, offering retail and institutional investors transparent, publicly tradeable equity exposure to cryptocurrency markets from a Gibraltar-regulated entity.

Ownership category

akta.pro rank

Product category

Cryptocurrency Investment Fund

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

SIC

Finance Services (6199)

akta.pro primary industry

Active Crypto Asset Managers (Discretionary) (FSADAHAA)

Keywords

• Cryptocurrency investment vehicle
• Digital asset fund
• Public market crypto exposure
• Blockchain asset management
• Listed crypto portfolio

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Crypto Portfolio Returns: Returns generated from holding and managing a portfolio of large cap liquid digital assets. The fund's performance is independently audited annually. Investors gain exposure through purchasing publicly traded shares on the AQSE Growth Market.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Phoenix Digital Assets is a publicly listed PLC on the AQSE Growth Market (TIDM: PNIX) that allows investors to purchase publicly tradeable shares to gain direct exposure to large cap liquid crypto assets. The company holds and manages a portfolio of large cap liquid digital assets, with fund performance independently audited annually, providing regulated, transparent, and liquid public market access to cryptocurrency investments.

Product overview

Phoenix Digital Assets is a publicly listed investment vehicle (PLC) on the AQSE Growth Market (TIDM: PNIX) that provides investors with direct exposure to large cap liquid crypto assets. The company operates as a single unified investment product rather than a platform with modules, offering equity shares that track the performance of a portfolio of digital assets. The company was incorporated in December 2025 and is registered in Gibraltar.

Differentiator

Problem solved

Functional benefit

Products and services

• Phoenix Digital Assets Gibraltar PLC (PNIX) — Publicly Listed Equity

Quantifiable outcome

• Direct exposure to large cap liquid crypto assets through publicly tradable shares

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered minor.

• Fladgate LLPminorOthersLegal advisers to the Company as to UK law.
• Triay, GibraltarminorOthersLegal advisers to the Company as to Gibraltar law.
• AMS Ltd, GibraltarminorOthersAuditors to the Company and Reporting Accountants.
• Computershare Investor Services (Jersey) LtdminorOthersRegistrar services for share registry management.
• Computershare Investor Services plcminorOthersRegistrar services - Depository.
• XReg ConsultingminorStrategic or Co-development PartnerNathan Catania, a director, is a Partner at XReg Consulting, a policy and regulatory advisory firm he co-founded, which works with regulators, finance ministries, central banks and leading crypto-asset businesses across the globe.

Scale indicators5 records

Recent moves9 records

Expansion highlights4 records

Direct peers

• 21Shares: 21Shares is a leading ETP issuer offering a broad suite of single-asset and thematic crypto ETPs across European exchanges. Directly comparable as a regulated publicly tradable crypto exposure product.
• CoinShares International: CoinShares issues regulated crypto exchange-traded products (XBT Provider) listed across European exchanges, offering investors liquid, audited exposure to digital assets. Closely matches Phoenix's model of regulated listed crypto investment products.
• Purpose Investments: Purpose Investments launched the world's first Bitcoin ETF and offers multiple crypto investment funds on Canadian exchanges. Directly comparable regulated crypto-asset investment vehicles targeting similar investor profiles.
• Grayscale Investments: Grayscale operates the Grayscale Digital Large Cap Fund and Bitcoin Trust, the most prominent publicly quoted crypto-asset investment vehicles globally. Directly comparable to Phoenix's single-product public-market large cap crypto exposure thesis.
• 3iQ Corp: 3iQ manages publicly listed crypto funds including The Bitcoin Fund and Ether Fund on Canadian exchanges. Comparable as a publicly traded crypto-asset fund manager targeting retail and institutional investors.

Broad incumbents

• Hut 8 Mining: Hut 8 is a publicly listed crypto miner with material bitcoin holdings on its balance sheet. Comparable as a publicly traded entity providing equity-level exposure to large cap crypto assets.
• Argo Blockchain: Argo Blockchain is a publicly listed crypto miner previously led by Phoenix's founders, reaching $2B valuation in 2022. Adjacent in that it offers public-market crypto exposure, though via mining operations rather than asset holding.
• Coinbase Global: Coinbase is the largest publicly listed US crypto exchange and custody provider, offering retail and institutional crypto exposure products. Comparable as a publicly traded regulated gateway to digital asset investment.
• Marathon Digital Holdings: Marathon Digital is a large publicly listed bitcoin miner with significant BTC treasury holdings. Provides a comparable publicly traded vehicle for crypto-asset exposure, though operational focus is mining.

Emerging players

• Bitwise Asset Management: Bitwise manages the Bitwise 10 Crypto Index Fund and various crypto ETPs. Comparable as a regulated index-style crypto investment manager offering diversified large cap digital asset exposure.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

• Xtwitter.com/NFTInvestPLC
• LinkedInlinkedin.com/company/phoenixdigitalassets

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Phoenix Digital Assets