GlobalBlock Digital Asset Trading Ltd creates Cryptocurrency Collection to facilitate access to digital trading

GlobalBlock Digital Asset Trading Ltd (TSX-V: BLOK, OTC: BLVDF) announced the launch of GB10, which allows customers to invest in the top 10 cryptocurrencies on its mobile trading app, and brought a number of management changes.

The company said this new product will provide investors with balanced exposure to a basket of digital assets with growing momentum and is ideal for those who want some crypto exposure in the largest and most popular cryptocurrencies.

GlobalBlock’s new CEO, David Thomas, noted that the company is excited to bring GB10 to market.

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“Our decision to create this product was in response to demand from existing customers and the recognition that many investors entering or currently in the crypto space want a product that provides a broad entry to the most popular crypto projects. The GB10 product is the first in a series of products that we are looking to bring to market, so it is great to have this first launch,” Thomas said in a statement.

The launch of GB10 coincides with the addition of dollar cost averaging features that allow clients to set up an automated investment each month in GB10, according to London, England and Vancouver-based GlobalBlock.

The company said that the number of downloads of its mobile application exceeded expectations and that as a result several management changes took place.

Rufus Round is stepping down as CEO to pursue other opportunities in fintech. According to GlobalBlock, Round has completed the transition of the digital asset brokerage to the EU and launched the mobile app and GB10.

Rufus was instrumental in completing last year’s business combination and led GlobalBlock through its first 15 months as a publicly traded digital asset broker ready to build on its past success,” said Thomas.

Former COO David Thomas, one of the original founders, has been appointed as the new CEO. Prior to GlobalBlock, Thomas worked for 15 years in deliverable foreign exchange services and was a partner in that business until its eventual sale to a large private equity firm, according to the company.

The company also said that CFO Amaan Jalwa has left and Samad Wali has been appointed as the new CFO with immediate effect.

Wali is a finance specialist with a strong focus on technology and digitalisation. He has worked on various fronts at the British Council and his last role was as head of financial planning and business analysis for the South Asia region. Wali holds an MBA in Finance from the University of Wales and is a certified SAP FICO consultant.

Patrick Bullman has been appointed as a director to fill the board seat left vacant by Round’s departure, according to GlobalBlock. Bullman will sit on the audit committee of the board.

Bullman is one of the original founders of GlobalBlock and has over 20 years of experience working in the bond, equity and CFD markets as a broker. Additionally, he founded Peregrine & Black Capital in 2012 and became director of Peregrine & Black Investment Management in 2015, the company added.

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