VANCOUVER, British Columbia, Sept. 13, 2018 (GLOBE NEWSWIRE) — 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.
Chief Executive Officer
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.
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