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Tuesday, February 16, 2021 1:02:40 PM
business. We have put in several years of thought and development to this product line
around our BLOCK Indexes and BLOCK Exchange Traded Index (ETX) products that
we are excited to begin presenting to the marketplace.
Phase I – Fully Non-Custodial
We release today the BLOCK Exchange Traded Index (ETX) products. These will begin
from Singapore, as a fully non-custodial, algorithm-based product line that is not
currently available to the United States and other select markets.
Phase II – Blockchain Tokenization
We believe that over time, assets of all kinds will move to a tokenized format on the
blockchain, that will enable greater ease of use for consumers to: trade, track, pay,
record and invest.
Our goal with HUMBL Financial is to serve these concepts in more custodial, synthetic
formats over time, pending regulatory guidance.
We will seek to use these blockchain constructs to improve investment into emerging
markets, such as real estate, land and transfer of assets on the blockchain.
We will also be seeking to work with third-party partners that may want to provide offers
for consumers and merchants inside basic financial services to our customers and
merchants.
HUMBL Financial™ – New Hires, Advisors, Mergers and Acquisitions
HUMBL Financial is excited to welcome aboard Calvin Weight, CEO of Coinbook, Jacob
Davis, Lead Technologist and Jane Edmonson, EQM Indexes as an Advisor.
HUMBL has entered into a binding term sheet with three affiliated entities – BLOCK 30
Financial, BLOCK 30 Marketplace and BLOCK 30 Pay – for the purchase of the
intellectual property of these three entities. As a team, we decided it made more sense
to consolidate all operations and intellectual property in HUMBL rather than have
HUMBL license the technology from these entities.
To accomplish that goal, HUMBL has entered into a binding term sheet with the three
other entities to purchase all of their patents, trademarks, software and other intellectual
property in exchange for HUMBL common stock.
We hope that bringing the intellectual property under the HUMBL umbrella will allow
HUMBL shareholders to capture the full value of these technologies as the business
grows. This includes the filing of an international patent that will also be transferred over
as well. We remain on the lookout for additional mergers and acquisitions in all business
categories.
https://global-uploads.webflow.com/5f29edcccc8a2a029f37475a/600b6060eba146336b6b6d53_HUMBL%20Shareholder%20Letter%20PDF.pdf
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