Former FHLB Chicago President and CEO, Alex J. Pollock, named Finzat Block Senior Advisor
13 September 2018 - 9:05AM
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION
TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED
STATES
Block One Capital Inc. (TSXV: BLOK, OTCQB: BKPPF Frankfurt: ES3)
(the “Company” or “Block One Capital”), an investment company
focused on early stage and high growth opportunities in the
blockchain sector, is pleased to provide the following corporate
update.
Finzat Block LLC., a Block One Capital portfolio company,
announced that Alex J. Pollock has become a Senior Advisor to the
firm. Mr. Pollock, former President and CEO of the Federal
Home Loan Bank of Chicago, will provide Finzat with guidance
regarding business strategy, product innovation, and executive
leadership.
“Blockchain is emerging as a potential paradigm-shifting
technology in mortgage finance. I look forward to working
with Finzat Block on using blockchain to restructure the
technological underpinnings of mortgage market transactions,” Mr.
Pollock said.
Mr. Pollock is currently a distinguished senior fellow at the R
Street Institute in Washington, DC. Previously, he was a resident
fellow at the American Enterprise Institute. As President and CEO
of the Federal Home Loan Bank of Chicago from 1991 to 2004, Mr.
Pollock was the creator of the MPF mortgage origination program
that was the first to provide community financial institutions a
way to share credit risk and provide a meaningful alternative to
selling mortgages to Freddie Mac and Fannie Mae.
Mr. Pollock currently serves as a director of the CME Group
(Chicago Mercantile Exchange), Great Lakes Higher Education
Corporation and the Great Books Foundation, and is a member of the
Advisory Board of the Heller College of Business at Roosevelt
University. He was also the past-President of the
International Union for Housing Finance.
Mr. Pollock has written extensively on economic cycles, risk and
uncertainty, mortgage markets, central banking and the politics of
finance. His new book, "Finance and Philosophy", is expected
to be published by Paul Dry Books in October of this year.
Mr. Pollock is a graduate of Williams College. He completed his
MA at the University of Chicago and MPA in international affairs at
Princeton University.
“We are fortunate to have Alex’s considerable experience and
mortgage market knowledge on the team as Finzat strives to bring
the benefits of blockchain into the mortgage mainstream”, said
Gnanesh Coomaraswamy, Finzat founder and CEO
About Block One Capital
Inc.
Block One Capital. is an investment company
focused on early stage and high growth opportunities in the
blockchain sector. Block One Capital is a listed investment issuer
on the TSX Venture Exchange: BLOK. Block One Capital seeks to
invest in early stage blockchain technologies at attractive
valuations. Block One Capital seeks to access attractive pre-token
issuance blockchain equity investments for its investors. Block One
Capital seeks to acquire a significant minority stake when
possible. Utilizing our accomplished management, director, and
advisory team, Block One Capital seeks to provide investors with a
diversified basket of blockchain exposure.
For more information on Block One Capital,
please visit the Company's website at www.blockonecap.com.
"Sothi Thillairajah"Chief Executive Officer
Forward-Looking Statements
This news release contains forward-looking
statements that are based on the Company’s expectations, estimates
and projections regarding its business and the economic environment
in which it operates, including with respect to Block One Capital's
investment focus, the Company's expectations and estimates
regarding the profitability of Bitcoin mining, including expected
global hashrate and Bitcoin prices, and the Company's plans to exit
the Bitcoin mining business. Although Block One Capital believes
the expectations expressed in such forward-looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance and involve risks and uncertainties that are
difficult to control or predict. Therefore, actual outcomes and
results may differ materially from those expressed in these
forward-looking statements and readers should not place undue
reliance on such statements. Factors that could cause actual
results to differ materially from those in forward-looking
statements include general economic, market or business conditions,
including the general acceptability of blockchain, risks associated
with regulatory changes and the retail sector generally,
availability of personnel, materials and equipment on a timely
basis, accidents or equipment breakdowns, uninsured risks and
receipt of necessary TSX Venture Exchange approvals. These
forward-looking statements speak only as of the date on which they
are made, and the Company undertakes no obligation to update them
publicly to reflect new information or the occurrence of future
events or circumstances, unless otherwise required to do so by
law.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
FOR ADDITIONAL INFORMATION CONTACT:
Block One Capital Inc.
Office: 604-398-4485;
email: info@blockonecap.com
GlobalBlock Digital Asse... (TSXV:BLOK)
Historical Stock Chart
Von Nov 2024 bis Dez 2024
GlobalBlock Digital Asse... (TSXV:BLOK)
Historical Stock Chart
Von Dez 2023 bis Dez 2024