Worldsec (GB:WSL) has released an update.
Worldsec Limited reported a net loss of US$146,000 for the first half of 2024, a significant drop from the previous year’s profit of US$717,000, largely due to the absence of gains from asset disposals and a challenging investment climate. The Group’s stable investment returns from the ICBC Ship Fund contrast with the volatility in its tech and blockchain portfolio, including Animoca, which despite a ‘crypto winter’, shows promise with increased bookings and a broadening business model. Strategic partnerships and product launches, such as the MOCA Token and Open Campus ID, signal the Group’s active engagement and expansion in the Web3 and digital asset space.
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