Universal Digital Appoints Chase Ergen to Advisory Board for Digital Asset Strategy

Universal Digital Inc. has appointed Chase Ergen to its Advisory Board to accelerate its global digital asset strategy. Ergen has over two decades of experience in satellite communications, 5G infrastructure, and digital asset innovation. He currently serves on the Board of Directors of DeFi Technologies Inc. and has been granted 75,000 restricted share units by Universal Digital. Ergen's appointment supports the company's objective of engaging with individuals who have contributed to the development of emerging financial technologies.

Universal Digital Inc. (CSE: LFG) (FSE: 8R20), a Canadian investment company focused on digital assets, has appointed Chase Ergen to its Advisory Board to accelerate its global digital asset strategy. Ergen brings over two decades of experience in satellite communications, 5G infrastructure, and digital asset innovation. Currently serving on the Board of Directors of DeFi Technologies Inc. (CBOE CA: DEFI) (GR: R9B) (OTC: DEFTF), Ergen has been granted 75,000 restricted share units (RSUs) by Universal Digital [2].

Ergen's appointment aligns with Universal Digital's objective of engaging with individuals who have contributed to the development of emerging financial technologies. His global perspective and hands-on experience in blockchain adoption and digital asset innovation will support the company's strategic goals. "We are thrilled to welcome Chase Ergen to our Advisory Board," said Tim Chan, CEO of Universal Digital Inc. "His global perspective, hands-on experience, and active governance roles within the blockchain sector align directly with our strategic goals as we scale access to next-generation digital asset platforms" [2].

Ergen's RSUs will vest in eight equal quarterly installments over a two-year period from the date of grant, entitling him to receive one common share of the Company upon vesting, subject to the terms of the plan and applicable securities laws. His appointment underscores Universal Digital's commitment to fostering a robust and compliant digital asset ecosystem, particularly in the Asia Pacific region. "Universal Digital's focus on expanding institutional access to digital assets through listed structures in Asia Pacific is a forward-looking and strategic move," said Ergen. "There is growing interest in Asia Pacific for corporate treasury applications of digital assets. I look forward to supporting the Universal Digital team as they pursue structured and compliant avenues for institutional engagement across key markets" [2].

This move signals Universal Digital's dedication to driving innovation and growth in the digital asset sector, leveraging Ergen's extensive industry experience and strategic insights.

References:
[1] https://finance.yahoo.com/news/nayya-unveils-advisory-board-governors-140000748.html
[2] https://www.barchart.com/story/news/33491777/universal-digital-inc-appoints-chase-ergen-to-advisory-board-to-accelerate-global-digital-asset-strategy