–News Direct–
By Faith Ashmore, Benzinga
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Diamond Lake Minerals, Inc (OTCMKTS: DLMI) (DLMI), founded in 1954 and based in Salt Lake City, Utah, is emerging as a pioneering force in the development of digital assets and SEC-registered security tokens. With a market capitalization of $150 million, DLMI has announced a strategic investment of 24% in Avrio Worldwide PBC, a registered market infrastructure provider with a full technology stack. Avrio will deploy its registered digital financial market infrastructure (dFMI) for the tokenization of digital assets across the DLMI network of companies.
DMLIs CEO Brian J. Esposito, commented on the strategic investment, With a state-of-the-art dFMI stack, Avrio is the financial services technology engine to enable the DLMI network of companies, across financial services, real estate, media / entertainment / and gaming, technology and aerospace, and education and healthcare, to unlock access to liquidity and value for investors through a registered platform.
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. The platform enables the issuance and secondary trading of securities and deploys a Quotation Bureau, a Transfer Agent and a Qualified Matching Engine for LP investors.
Avrios 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 asset securities and collectibles.
Avrio technology is blockchain protocol agnostic, allowing interoperability with different blockchain protocols. This flexibility ensures that Avrio's solutions can adapt and integrate with emerging technologies and market developments. As technologies continue to evolve, interoperability is key to scaling and driving the mass adoption of digital assets.
Lawrence Wintermeyer, Avrio CEO, shared, DLMIs strategic investment in Avrio offers outstanding opportunities and synergies across the DLMI network of companies for the tokenization of real-world-assets (RWA) on Avrios registered dFMI as well as opportunities to invest in Avrios companies and commercial partners that are growing the $16 trillion RWA-tokenization market opportunity.
As DLMI expands, this partnership seems set to position the company to play a major role in creating and managing the digital financial market infrastructure for the tokenization of digital assets across a range of companies and industries including companies across the DLMI network. DLMI says it plans to pursue the sought-after $16 trillion real-world assets tokenization industry with its team of seasoned Wall Street professionals.
Featured photo by Shubham Dhage on Unsplash
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Benzinga
COMTEX_448178050/2655/2024-02-22T08:34:29
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