Diamond Lake Minerals Inc (OTC:DLMI) (DLMI) announced that it is partnering with modular home builder BOXABL to develop communities known as BOXABL Villages.
BOXABL was founded in 2017 by the father-son team Paolo and Galiano Tiraman, a mechanical engineer and serial technology entrepreneur respectively. It is focused on the assembly line mass production of housing.
DLMI, which specializes in the development of digital assets and SEC-registered security tokens, said that the partnership is expected to streamline processes and shorten timelines from groundbreaking to residents’ possession of their BOXABL homes.
It believes its leadership in security tokens combined with traditional means will “create unique opportunities for these villages to thrive and scale.”
DLMI CEO Brian J. Esposito said the partnership was a significant milestone for the company.
“DLMI and BOXABL are working together to develop not only the BOXABL Village Concept but also utilizing the large reach and influence we have created here at DLMI to provide solutions to affordable housing,” Esposito said.
“The crisis that the housing market industry is experiencing is in desperate need of a realistic, attainable fix. I truly believe that BOXABL is the first modular home company to crack the code on this, and together we intend on making quite the impact.”
BOXABL co-founder Galiano Tiramani said the company chose DLMI as its development partner for its experience, team, reach, credibility, and access.
“We know they will be amazing partners for our brand, and we also believe that tokenization is the future, and that DLMI is strongly positioned to be tremendous leaders in this space,” Tiramani said.