GlobalBlock Digital Asset Trading Ltd V.BLOK.H

Reassuring email to clients

[Nodga2000]

Thought I'd share this email sent to GlobalBlock clients this week, which is reassuring to say the least!

With recent events surrounding FTX and their associated companies, we wanted to get in touch in order to clarify our position here at GlobalBlock.

Firstly -  as we have previously stated we do not lend out any of our client assets.  We are a brokerage that simply looks to help facilitate trades for our clients and provide pro-active support for anyone that wants to invest within the crypto space.

Secondly -  we did not have any exposure at any point to FTX or its sister company Alameda Research.

Thirdly -  as a publicly listed company on the TSX:V - GlobalBlock is subject to a high level of scrutiny which means that we need to demonstrate fully audited accounts as well as proof of assets on a regular basis.

Finally -  all company and client assets are 1:1.   We have not and do not offer any leveraged products to our clients and nor do we participate in these products with company assets.

The reality of the FTX situation was not at its heart a failure of Blockchain or Cryptocurrency, but nevertheless, it has shaken the confidence of the industry given the high regard that the company was held in.

The positives to take from this however are that it will inevitably bring proper regulation and oversight to the industry, which will not only offer validation but also open things up to wider global adoption- both of which are key for continued growth in the sector.

Here at GlobalBlock, we will continue to work on providing educational support and a personalised service to all our clients both old and new. We are also continuing to develop our offering which we know will bring even greater control and comfort to clients in managing and safeguarding their assets.

As always- if you have any questions or comments then please do not hesitate to get in touch.

The GlobalBlock Team