The advent of tokenized assets and their upward spring in the marketplace is reflected in the rapid growth multi-strategy operating company Diamond Lake Minerals (OTC: DLMI) is experiencing in the wake of its reinvention from mining holding enterprise to the digital asset and security token space.
Tokenized securities have enjoyed a much less bumpy adoption trajectory than the somewhat analogous (but not entirely homologous) digital tokens that have been enjoying media attention because of U.S. Securities and Exchange Commission (“SEC”) enforcement actions against companies using tokens to fund their operations.
Security tokens are “blockchain-based representations of certain privileges such as revenue sharing, access, governance rights or a combination of these and others,” while tokenized securities are “tokens that represent either specific off-chain assets, or that mimic established asset groups such as bonds, shares or funds,” a CoinDesk article noted earlier this year (https://ibn.fm/gWWX4). “All tokenized securities could be classified as security tokens, but not all security tokens are tokenized securities. … The two concepts on the surface may appear similar but lift the lid and you can see that the difference is stark: It’s about clarity and establishment support versus the lack thereof.”
Diamond Lake Minerals is developing its operation by building a vertically integrated ecosystem of numerous industry-agnostic holdings and imbuing each with an SEC-registered security token offering (“STO”). The result is a portfolio of widely varied subsidiaries that will share resources and support one another while they’re growing and developing self-sufficiency, using STOs dedicated to each subsidiary as a means to attract traditional investors otherwise unfamiliar with digital assets but dependent on regulatory compliance.
Diamond Lake works with regulated SEC security token exchange partner INX to provide access to its companies before public trading commences. The INX Token was the first SEC-registered security token to IPO on the blockchain, and it relies on the checks and balances developed in traditional economic environs to provide a secure trading experience for all traders.
Diamond Lake’s market capitalization had held relatively steady at around $1 million for years, but following the introduction of experienced new management team members and advisers, as well as the rebrand to focus on digital assets during the past three months, DLMI’s cap has grown to over $100 million.
“I believe DLMI is the hybrid missing piece to get generational wealth, or the wealth on the sidelines,” CEO Brian J. Esposito said during a November Bell2Bell podcast interview (https://ibn.fm/0dej9).
“We’ll have media, we’ll have healthcare, … we’ll have music and IP, we’ll have the entertainment industry, we’ll have real estate opportunities,” Esposito said. “And (we’ll be) doing that in the correct fashion.”
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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