Antonio Costa

Thanks @sumo_moon for the DD on our $GNS transaction with American Ventures and Jewel Bank. To clarify, American Ventures is involved in the transaction in three ways (1) As investor in Genius Group, (2) As seller of shares in Jewel Financial to Genius (3) As ongoing partner of Genius in Jewel Financial as its largest shareholder. The President and CEO of Dominari are also sellers and ongoing partners. Our $GNS S3 filing and F6 filing this morning also clarifies the relationship between the Trumps, Dominari, American Ventures, Genius Group & Jewel. We are excited to be building Jewel with such great partners, and we're all committed to making Jewel Bank a great success. It is one of few banks with a bank license, digital bank license and US dollar stablecoin. This is the future of banking. Also - of all the locations for a digital bank, we believe Bermuda is one of the best - Bermuda is home to over $1 trillion in captive reinsurance assets under management, and the Bermuda Monetary Authority (BMA) framework permits captive insurers to hold up to 25% of statutory capital in stablecoins and to settle all claims via blockchain. Bermuda Premier David Burt has publicly endorsed Jewel Bank as a key part of Bermuda’s fintech development strategy, and this January he announced at the World Economic Forum in Davos that Bermuda is positioning itself as the world’s first on-chain national economy. We'll be updating our shareholders on our GENIUS Act plans in the near future, the part Genius Group will play in the digital economy, and how Jewel Bank is a key part of that plan. In the meantime, thank you to our long term investors who are already seeing the value in this transaction.