02:33:48 EST Tue 07 Feb 2023
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Globalblock Digital Asset Trading Ltd
Symbol BLOK
Shares Issued 104,948,741
Close 2022-02-08 C$ 0.60
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Globalblock unit forms partnership with Premier Sports

2022-02-08 09:49 ET - News Release

Mr. Rufus Round reports


Globalblock Digital Asset Trading Ltd.'s wholly owned operating subsidiary Globalblock Ltd. (Globalblock U.K.) has partnered with Premier Sports Network (PSN), a leading private network for the global sports industry. The partnership will see Globalblock U.K. become PSN's official digital asset partner, providing the company with exposure to leaders in the sports industry globally, in particular the English Premier League and Premiership Rugby.

PSN will provide Globalblock U.K. with multiple networking opportunities, direct referrals to sports clubs, the ability to participate in educational workshops and exposure within PSN's magazine and newsletters in order to support the company in being a trustworthy, transparent and regulated digital asset solution provider that offers a best-in-class personalized cryptocurrency service.

Ben Small, head of partnerships at the company, said: "The sports industry is seeing widespread adoption of digital assets, with ever more players, clubs, salaries and sponsorship deals accepting payments in cryptocurrency. This is a very exciting deal for us and we are delighted to be PSN's official digital asset partner.

"We see this as a tremendous growth opportunity for Globalblock, not only to capitalize on the increasing trend of adoption of crypto within sports, but to provide education to PSN's stakeholders. This will allow us to build on our three business pillars, namely service, security and transparency."

Kai McKechnie, head of marketing at Premier Sports Network, said: "Sports organizations are devising new strategies to connect with fans in a socially distanced world, and blockchain is capable of revolutionizing revenue streams and fan experience. However, while sponsorships have led to an increased awareness of cryptocurrencies, there have been growing concerns over links between cryptocurrency companies and clubs amid fears about lack of regulation.

"Likewise, professional athletes are becoming some of the world's most prolific tech investors, from buying cryptocurrencies to backing companies and start-ups, with questions raised over the risks associated to investment in digital assets.

"The lack of crypto education and its regulation within the sports sector are key areas that need to be addressed and, in partnership with Globalblock, we will support the industry with a trusted service."

About Globalblock Digital Asset Trading Ltd.

Globalblock Digital Asset Trading is a publicly traded holding company whose wholly owned subsidiary, Globalblock Ltd., is a United Kingdom-based digital asset broker that provides a personalized telephone brokerage service, trading platform and mobile app. Established in 2018 by an experienced team of financial services professionals, Globalblock Ltd. acts as a trusted agent serving the digital asset needs of individuals, corporates, institutional financial firms and intermediaries, providing best execution trading and safe custody of digital assets.

Globalblock Ltd. has been temporarily registered under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 as a cryptoasset business until March 31, 2022, pending the determination of the application by the Financial Conduct Authority. At this time, Globalblock only accepts United Kingdom and Ireland resident clients or customers for its digital asset broker or trading services.

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