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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.
The BLOCK ETX services comprise over 17,250 lines of proprietary code and are architected across index, active and thematic strategies. These are being marketed as BLOCK 3, BLOCK 5, BLOCK 10, BLOCK Government, BLOCK Platform, BLOCK Global Enterprise, BLOCK RSI Fractals, BLOCK MACD & VI, and BLOCK Oscillators.
HUMBL Financial is also open to licensing of the BLOCK Indexes and BLOCK Exchange Traded Index products to US or global institutions and exchanges that may want to expand their digital asset or multi-asset strategy offerings through BLOCK Indexes and BLOCK ETXs.