Update on Finzat : Michael W. Moore Named Chairmanhttps://globenewswire.com/news-release/2018/03/22/1444045/0/en/Block-One-Capital-Inc-Provides-Update-on-Finzat.html VANCOUVER, British Columbia, March 22, 2018 (GLOBE NEWSWIRE) -- Block One Capital Inc.
(TSXV:BLOK) (OTCQB:BKPPF) (Frankfurt:ES3) (the “Company” or “Block One”), an investment company focused on high growth opportunities in the blockchain and digital currency mining sector, is pleased to provide an update on its investment company: Finzat Block LLC (“Finzat”).
Finzat is a New York, USA based mortgage blockchain company aiming to streamline and digitize the US mortgage market using innovative blockchain applications to create a system which is Simple, Auditable, Fault-tolerant and Efficient (SAFE).
Michael W. Moore Named Chairman
Finzat has named Michael W. Moore as the company’s Chairman. Mr. Moore is a recognized leader in mortgage finance and investment and risk management. During his 15 years as the senior-most financial executive with the Chicago Federal Home Loan Bank, he was the co-developer of Mortgage Partnership Finance (MPF), a mortgage origination platform whereby Federal Home Loan Bank (“FHLB”) members participate in a unique risk sharing arrangement with their respective FHLB, optimizing benefits for both parties. Mr. Moore in this new role as Executive Chairman is spearheading Finzat’s new product development in the housing market, which is a natural progression in validating Finzat’s token use case.
Finzat Advisory Board
Dr. Pratheev Sreetharan
Mr. Sreetharan received his A.B., M.S., and PhD in Applied Physics from Harvard University and has been recognized for developing a novel, origami-inspired manufacturing process capable of making complex, miniature devices with unparalleled speed, accuracy and repeatability. Dr. Sreetharan is highly proficient in mathematics and computational algorithms and has a broad background across many technical and scientific fields. Dr. Sreetharan was named a recipient of the prestigious TR35 Award, given each year to the top 35 innovators in the world under the age of 35 as determined by Technology Review Magazine, published by MIT. Dr. Sreetharan has also had his work featured in Wall Street Journal, Business Week, MIT Technology Review, Scientific American, on the Discovery Channel and National Public Radio.
Mr. James Williamson
Prior to joining Finzat, Mr. Williamson was a founding partner with a Chicago based investment fund focused on dislocations and mispricing of the credit risk component of commercial and residential mortgage securities. Previous to this, Mr. Williamson held senior positions with JPMorgan Capital Corporation where he was involved with the acquisition of new issue Commercial Mortgage Backed Securities in North America and Canada, as well as serving as the primary liaison with the Federal Home Loan Bank System. Mr. Williamson has extensive experience in asset disposition in both business management and legal oversight roles with the Resolution Trust Corporation and the Federal Deposit Insurance Corporation. He also has a background in international business, having served as a consultant to the World Bank in Eastern Europe and as a Senior Financial Advisor to the United States Agency for International Development in Asia. Jim holds a B.A. from Villanova University and a J.D. from Marquette Law School.
For more information on Block One please visit the Company’s website at: www.blockonecap.com.
ON BEHALF OF THE BOARD
“David Berg”
Director