Avrio Worldwide PBC Announces Expansion After Diamond Lake Minerals (OTCPK: DLMI) Takes 24% Stake In The Company
Detroit, Michigan
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March 05, 2024 08:25 AM Eastern Standard Time
By Faith Ashmore, Benzinga
Diamond Lake Minerals, Inc (OTCPK: DLMI) (“DLMI”), founded in 1954 and based in Salt Lake City, Utah, is on its path to emerging as a pioneering force in the development of digital assets and SEC-registered security tokens. DLMI recently announced a strategic investment where it purchased a 24% stake in Avrio Worldwide PBC, a registered market infrastructure provider with a full technology stack, shortly after which Avrio announced the acquisition of the HUMBL financial brand, products and services.
Avrio is the parent company of a portfolio of companies delivering licensed digital financial market infrastructure and solutions across public, private and digital markets. At the core of Avrio's offerings is Arkonis, an alternative trading system (ATS) technology designed specifically for operators of private markets. Avrio’s public market technology includes an API farm for exchange management (EM), order management (OM), portfolio management (PM) and client management (CM) to access global public markets. Avrio's NFT platform facilitates the trading of digital assets and collectibles.
Avrio has been in the news recently for its purchase of HUMBL, Inc. Partnering with Avrio provides HUMBL Financial 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; as well as traditional financial products and services that 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,” shared 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.”
Avrio also recently announced it has entered into a mutually beneficial agreement with SocialTrader.AI, Inc., resulting in a bi-directional common stock acquisition. This partnership will pave the way for SocialTrader to provide a new generation of traders and investors with AI-driven investment strategies, risk management solutions and educational resources. These offerings will be made possible through Avrio's global digital financial market infrastructure and will focus on both public and digital markets.
Commenting on the strategic partnership with SocialTrader, Wintermeyer said, “The SocialTrader team has created a platform with access to a comprehensive suite of tools, powered by AI, to enable users a curated trading and investment experience tailored to their experience and financial circumstances and propensity for risk – we believe this is the next generation of trading and investing.”
Following the news of DMLI’s strategic investment of 24% in Avrio, Avrio’s recent announcements and expansions continue to positively position DLMI in the industry.
Featured photo by Sajad Nori on Unsplash.
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