Diamond Lake Minerals (OTC: DLMI), a multi-strategy operating company that specializes in the development and support of digital assets and SEC-registered tokens, recently announced that investee Avrio Worldwide has acquired the HUMBL Financial brand, products, and services. In February 2024, Diamond Lake Minerals acquired a 24% stake in Avrio – a parent company with several businesses delivering licensed digital financial market infrastructure and services across public, private, and digital markets.
Through the acquisition, Avrio will issue HUMBL Financial branded products and services, including the BLOCK ETXs and BLOCK Indexes, into consumer markets through digital wallets and web trading platforms. They may also be issued through banking partners, credit card partners, mortgage partners, lending partners, and more.
The agreement dictates that HUMBL will acquire the equivalent of $5 million in Avrio shares – a 10% stake in the company. Additionally, HUMBL will receive revenue shares of 2.5% on all HUMBL Financial branded products and services for the lesser of five years or Avrio going public. HUMBL’s CEO Brian Foote will receive a seat with Avrio.
“Avrio’s acquisition of HUMBL Financial and its strategic partnership with HUMBL offers the Diamond Lake Minerals network of companies and projects a retail channel to distribute their tokenized assets and digital products on Avrio registered platforms,” said Diamond Lake Minerals CEO Brian J. Esposito (https://ibn.fm/VxyVE).
Diamond Lake Minerals is positioning itself as a digital asset and security token leader. The company’s primary focus is industry agnostic on developing and supporting SEC-registered security tokens. Originally founded as a mineral mining holding company, they transitioned to focus on digital assets and SEC-registered security tokens – with significant milestones in technology development, partnerships, and regulatory compliance.
The digital asset market is expected to reach $80,080 million in revenue in 2024. The market is expected to grow at a CAGR of 8.77%, resulting in a projected revenue of $112,100 million by 2028. This growth is attributed to the increased interest in decentralized finance platforms that allow individuals to participate in financial activities, like lending and borrowing, without intermediaries. Additionally, the growing interest in digital asset benefits like lower transaction costs, faster transaction times, and increased liquidity are defining factors in the market’s growth (https://ibn.fm/7KbXL).
The company’s competitive advantages include the following:
Diamond Lake Minerals believes the future of financial markets is set to be revolutionized by tokenization. Tokenization is the use of digital assets that can be traded via protocols with instantaneous settlement and reduced fees – eliminating the need or traditional clearing or settlement processes. This emerging landscape promises efficiency, transparency, liquidity, and security in asset management and investment.
Note: The digital asset market is expected to reach $80,080 million in revenue in 2024. The market is expected to grow at a CAGR of 8.77%, resulting in a projected revenue of $112,100 million by 2028.
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.
For more information, visit the company’s website at www.DiamondLakeMinerals.com or LinkedIn page at www.LinkedIn.com/company/Diamond-Lake-Minerals/.
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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