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Diamond Lake Minerals Inc. (DLMI) Continues Building Digital Asset Exchange Strategy with Investment in Avrio Trading Engine

  • Utah-based Diamond Lake Minerals is establishing its reputation as an innovator in digital assets and government-regulated security tokens through strategic partnerships and investments that strengthen its vertically integrated offerings
  • DLMI’s suite of industry-agnostic subsidiaries serves as a gateway to digital asset investment by imbuing those subsidiaries with registered security token offerings that shareholders accustomed to real world assets can use to dip a toe into the emerging digital market
  • DLMI recently invested in registered market infrastructure provider Avrio Worldwide, PBC, to provide itself with the trading engine technology necessary to “capture and scale market opportunities” in accordance with best practices that suit a regulated environment
  • DLMI is also partnering with U.S. Securities and Exchange Commission (“SEC”)-registered digital asset exchange INX to provide heightened security to their digital offerings, avoiding some of the legal woes afflicting many crypto issuers 

Salt Lake City-based Diamond Lake Minerals (OTC: DLMI) recently entered a strategic investment that will help the digital asset development and SEC-registered security token company to build a regulated digital financial market infrastructure for its tokenization needs.

Avrio Worldwide, PBC, made the announcement Feb. 20 (https://ibn.fm/bXzEx), reporting that DLMI will acquire a 24 percent stake in Avrio. Avrio is the parent company of a suite of companies that includes Arkonis, the operator of a broker dealer and Alternative Trading System (“ATS”) in the United States.

The company’s ATS technology is designed to provide the trading engine for private market operators involved in the issuance and secondary trading of securities using the blockchain for a protocol-agnostic approach to settlement of their fintech solutions.

Diamond Lake was established in the 1950s as a mining resource company but has since transitioned to creating a powerful parent umbrella company for a wide variety of vertically integrated subsidiaries across all potential industries, imbuing those assets with SEC-registered security token offerings (“STOs”).

DLMI’s strategy therefore helps establish its real-world assets as a gateway to the digital asset market for investors who are newcomers to the emerging world of tokenization.

“With a state-of-the-art dFMI (digital financial market infrastructure) stack, Avrio is the financial services technology engine to enable the DLMI network of companies and projects, across many industries, including: financial services, real estate, media / entertainment / gaming / and sports, hospitality, consumer products, technology and aerospace, and education and healthcare, while unlocking access to liquidity and value for investors through a registered platform,” Diamond Lake CEO Brian J. Esposito stated as part of the Avrio announcement.

DLMI has partnered with SEC-registered security token exchange INX to ensure that trade is regulated according to U.S. government guidelines, eliminating the insecurity that has troubled many crypto-based transactions because of the SEC’s attempts to bring a legal system crackdown on unregulated companies pooling crypto assets in transactions designed to generate returns based on the crypto issuer’s efforts (https://ibn.fm/rtL1g).

“The current philosophy and model is not tokenizing the shares, but it’s actually tokenizing business units within our subsidiaries. So there’ll be an attachment to some revenue-generating mechanism within the subsidiaries that we would go out to the public markets with … and offer participation in those businesses to a global audience,” Esposito told the Cryptonized webcast last month (https://ibn.fm/SQEWG).

Arkonis provides “exchange management (‘EM’), order management (‘OM’), portfolio management (‘PM’) and client management (‘CM’) for transacting in registered securities, ETFs, and funds in public markets,” according to the Avrio announcement.

The blockchain-agnostic platform “enables clients to capture and scale market opportunities while creating standardization and best practices designed to prevent fraud, protect investors, and comply with know-your-customer and anti-money laundering compliance laws,” it states.

Avrio’s dFMI is available on the Abu Dhabi Global Markets Financial Services Regulatory Authority Digital Lab, which is a virtual environment hosted by the internationally renowned financial center and free zone in the United Arab Emirates that has become an attractive regulatory jurisdiction for digital asset companies (https://ibn.fm/toPie).

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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