- Diamond Lake Minerals purchased a 24% stake in Avrio Worldwide PBC in a strategic investment opportunity
- Avrio has partnered with HUMBL Financial to acquire the HUMBL Financial brand, products, and services
- Avrio also announced a 1:10 share exchange agreement, resulting in a bi-directional common stock acquisition between the company and SocialTrader.AI
- SocialTrader will deploy Avrio’s digital financial market infrastructure to access public, private, and digital markets across multiple asset classes
Diamond Lake Minerals (OTC: DLMI), a multi-strategy operating company on a path to emerging as a pioneering force in the development of digital assets and SEC-registered security tokens, recently announced a strategic investment into Avrio Worldwide PBC, purchasing a 24% stake in the company. Avrio is a registered market infrastructure provider with a full technology stack and recently acquired the HUMBL Financial brand, products, and services (https://ibn.fm/xbFRN).
Avrio is the parent company of a portfolio of companies that deliver licensed digital financial market infrastructure and solutions across public, private, and digital markets. Avrio’s partnership with HUMBL Financial provides HUMBL with the global market access needed to efficiently execute its strategies and scale rapidly in a competitive and complex market environment across stocks, options, crypto, commodities, and digital assets – including traditional financial products and services customers would expect inside digital wallets and web platforms.
“HUMBL Financial has developed new and innovative products, such as the BLOCK Indexes and BLOCK ETXs, that give retail investors new ways to access digital assets and also deliver a range of new consumer financial products and services into digital wallets and web3 platforms,” said Lawrence Wintermeyer, CEO of Avrio. “HUMBL becomes a significant stakeholder in Avrio with this agreement, and we look forward to representing the HUMBL Financial brand and shareholders across the Avrio platform and network.”
In addition to the HUMBL Financial acquisition, Avrio also announced a 1:10 share exchange agreement, resulting in a bi-directional common stock acquisition between the company and SocialTrader.AI. SocialTrader will offer AI-driven investment strategies, risk management, and education for the new generation of traders and investors using the company’s global digital financial market infrastructure. This deal marks another milestone for Avrio’s ecosystem of companies that will develop and scale new, innovative digital financial products and services across multiple markets (https://ibn.fm/S71vw).
SocialTrader is an AI-powered, consumer fintech platform providing affordable access to professional investing tools. Its advanced investment platform combines AI, quantitative trading, investment strategies, and risk management with robust security. The company will deploy Avrio’s digital financial market infrastructure to access public, private, and digital markets across multiple asset classes.
Alfonso Arana, Co-founder and CEO of SocialTrader, said Avrio’s state-of-the-art digital financial market infrastructure will power the SocialTrader platform with cost-efficient, secure, and reliable access to global markets. “The experience of its management team of traders, quants, and investment managers will be invaluable in supporting SocialTrader through the development of its next-generation product roadmap, allowing its users to invest in stocks, options, commodities, ETXs, and quantitative investment products that will expand the range and depth of access to assets and markets for global retail investors,” Arana added.
Avrio’s public market technology includes an API farm for exchange management (“EM”), order management (“OM”), portfolio management (“PM”), and client management (“CM”), as well as routes to global public markets. Avrio’s NFT technology provides exchange access and capabilities to trade digital assets and collectibles.
For more information, visit the company’s website at www.DiamondLakeMinerals.com or LinkedIn page at www.LinkedIn.com/company/Diamond-Lake-Minerals/.
In addition, for information on the company’s security token SEC-regulated exchange partner INX and the development of the INX Way, visit https://www.inx.co/inx-ebook/. This free security token bible, written with the SEC on the rollout of security tokens and the future of digital assets, will greatly deepen your understanding of security tokens.
NOTE TO INVESTORS: The latest news and updates relating to DLMI are available in the company’s newsroom at https://ibn.fm/DLMI
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