GlobalBlock Digital Asset Trading Limited announced that The Company continues to see strong popularity of its new mobile app with download numbers exceeding expectations and as a result several leadership changes have taken place. This transition will position the Company for long term success by capitalising on its current technology, its new regulatory framework and bolstering its financial position by navigating the current state of the crypto markets via a broader cost overhaul. The first change relates to outgoing CEO Rufus Round, who after safely overseeing the transition of the business for the last year and a half and successfully completing several key milestones such as: last year's business combination; the transition of the digital asset brokerage business to the European Union; the launch on the new mobile app; and now the launch of GB10, has decided to step down and pursue other opportunities in the digital asset and fintech space.

David Thomas, previously the Company's Chief Operating Officer, an existing member of the Board of Directors and one of the original founders of GlobalBlock Ltd, has been appointed the new CEO. Prior to GlobalBlock, David worked for 15 years within the deliverable foreign exchange services and was a partner within that business until its eventual sale to a major private equity firm.