Important notice to register claims before cut-off date
DIGITAL ASSET EXCHANGE LIMITED (IN LIQUIDATION) – IMPORTANT NOTICE FOR ACCOUNT HOLDERS TO REGISTER CLAIMS BEFORE CUT-OFF DATE
The liquidators of Digital Asset Exchange Limited (in liquidation) (Dasset) (the Liquidators) provide this notice to account holders (You) about the need to register your claim with the Liquidators by 10 November 2025.
Background
1. On 14 August 2023, the Liquidators were appointed by special resolution of the shareholders. Dasset’s business was operating a New Zealand cryptocurrency trading platform, allowing customers to buy, sell and trade
different cryptocurrency.
2. The Liquidators have undertaken significant work in investigating and securing cryptocurrency and fiat currency held by Dasset. On 17 March 2025 the liquidators filed an application with the High Court for directions as to the status and method of distribution of the digital assets and fiat currency to account holders. The orders made by the Court can be found https://www.grantthornton.co.nz/Dasset/update-for-dasset-creditors-and-users-18-august-2025/
3. We currently understand that there are approximately 5,800 verified customers as of the date of liquidation.
Claim registration and distribution process
4. The Liquidators have obtained orders from the Court as to the claim and distribution process. This will be conducted as follows:
Register your claim
5. A custom account holder balance claim form has been made available on Dasset’s webpage on the Grant Thornton webpage at https://www.grantthornton.co.nz/Digital-asset-exchange-limited/Dasset-up dates/
6. You must register your claim by emailing supporting information and the claim form to the the Liquidators’ designated email address, Dasset@nz.gt.com.
7. The registration process may include identify verification and balance verification processes which you must complete to register your claim.
8. The Liquidators have set 10 November 2025 as the Cut-Off Date for any claims to be considered. Account holders must register their claim before this date.
Effect of not registering by 10 November 2025
9. If you do not register your claim by emailing the designated email address by 10 November 2025, the Liquidators will treat you as having abandoned your claim with the consequence that you will lose any entitlement to receive a distribution, in accordance with orders from the New Zealand High Court.
10. If you have commenced, but failed to complete the claims process by 10 November 2025, the Liquidators will treat you as having abandoned your claim with the consequence that you will lose any entitlement to receive a distribution, in accordance with orders from the New Zealand High Court.
Verification/review of claims by liquidators
11. The Liquidators will verify all registered claims made against Dasset’s records and supporting information provided by account holders.
12. The Liquidators may accept claims either for the whole amount claimed, or for part of that amount.
Distribution Process
13. The Liquidators will, after 10 November 2025 notify account holders who have registered their claims whether or not their claim has been accepted.
14. If your claim has been accepted, you will then receive a distribution proportionate to your share in the overall assets available.
15. Distribution will be in the form of New Zealand dollars, paid into your nominated bank account.
Distribution details
Cryptocurrency entitlement and valuation date
16. Every account holder’s entitlement and the value of their claim is calculated as at 14 August 2023, which is the date the liquidators were appointed.
Low account balances
17. The Liquidators may decide not to make a distribution to you if the realisable value of your claim is equivalent to or less than the actual or anticipated cost of the administration costs of dealing with the claim. In this case, the Liquidators can decide to treat you as having no right to participate in the distribution of assets.
18. The Liquidators may review or revise their assessment of any claims before undertaking any further distributions.
Cryptocurrencies that have low or no value
19. The liquidators may decide not to take any steps to liquidate and subsequently distribute any cryptocurrency that has no or low realisable value such that it would not be economic to do so.
20. The Liquidators may review or revise the realisable value of any cryptocurrency before undertaking any further distributions.
Surplus assets/top up process
21. In the event that the Liquidators make any future recoveries of cryptocurrency, the Liquidators will make distributions to account holders that have previously registered their claims, if they have an entitlement, by way of a ‘top’ up payment.
Review process
22. Nothing in this process extinguishes any right you may have to challenge the Liquidators’ assessment of your claim by application to the New Zealand High Court.
David Ruscoe Russell Moore
Liquidator Liquidator