GlobalBlock Provides Reassurance Amid Market Volatility

– GlobalBlock has no exposure to FTX or its affiliated businesses –

– Popularity of new trading app continues with ongoing downloads from iOS App Store (link here) and Android Play Store (link here) –

London, United Kingdom and Vancouver, British Columbia–(Newsfile Corp. – November 17, 2022) – GlobalBlock Digital Asset Trading Limited (TSXV: BLOK) (OTC Pink: BLVDF) (FSE: BD4) (the “Company” or “GlobalBlock“), wishes to reassure investors and customers that its service led digital asset broker GlobalBlock Europe, UAB, an operating subsidiary of the Company, has no exposure to FTX or any of its affiliated businesses.

As a public company held to the high standards of Canadian regulation, GlobalBlock has to prove custody as one of many measures associated with its independently audited accounts. As announced previously on 17 June (see press release here), the Company takes the safeguarding of clients assets extremely seriously, it does not currently offer any yield products, nor does it lend out any client funds. GlobalBlock has robust security and custody measures in place to ensure clients’ funds are protected. Clients’ assets remain safe and easily accessible for trading or transferring purposes.

David Thomas, CEO of GlobalBlock, said:

“As a highly experienced team of financial services professionals who have had long and successful careers building FCA businesses in the UK, we founded GlobalBlock using the same disciplines and principles. GlobalBlock has never deployed any client funds in any way other than directed by its clients. Working for our clients is central to our service driven ethos. Our focus on customer service provides our clients with reassurance that an expert is always just a telephone call away.

“We are also pleased to see that despite the continued ‘Crypto Winter’, our trading app continues to prove popular with downloads onto new Apple and Android devices.”

ABOUT THE COMPANY

GlobalBlock Digital Asset Trading Limited is a publicly traded holding company (TSXV: BLOK) whose wholly-owned operating subsidiary, GlobalBlock Europe, UAB (http://www.globalblock.eu), is a European Union based digital asset broker that provides a personalised telephone brokerage service, trading platform and mobile app. Established by an experienced team of financial services professionals, GlobalBlock Europe, UAB acts as a trusted agent serving the digital asset needs of individuals, corporations, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets. At this time, clients or customers based in Lithuania and the UK can be onboarded to its digital asset broker and trading services.

For further information please contact the Company at:

David Thomas, CEO
c/o 65 Curzon Street, London, W1J 8PE, United Kingdom
Tel. +44 20 3307 3795
info@globalblockdigital.com
http://globalblock.eu/ and http://www.globalblockdigital.com/
http://twitter.com/Globalblocknews
http://www.linkedin.com/company/globalblock/

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Certain information set out in this news release constitutes forward-looking statements or information. Forward looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things: the continued and successful development of the businesses, technologies and products of each of the Company and its subsidiaries, the adoption of the Company’s technologies, the continued adoption of digital assets, the effectiveness of the Company’s marketing plan, the exposure that the Company and its subsidiaries have to stablecoin and yield products and plans, future action and future successes of the Company, and its businesses, technologies and products described herein. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company’s most recent management’s discussion and analysis, a copy of which is filed on SEDAR at www.sedar.com, and readers are cautioned that the risk factors disclosed therein should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit http://www.newsfilecorp.com/release/144595