VANCOUVER, British Columbia, 20 September 2018 (GLOBE NEWSWIRE) – Block One Capital Inc. (TSXV: BLOK, OTCQB: BKPPF Frankfurt: ES3) (the "Company" or "Block One Capital"), an investment company focused on the initial phase and high growth opportunities in the blockchain sector, it is pleased to provide the following business update.
Finzat Block LLC ("Finzat"), a technology portfolio company of Block One Capital, has formed a partnership strategy with Thomas Ho Company Ltd. ("THC"), to provide the first loan transaction features based on blockchain technologies. THC is a nationally recognized leader nationwide in asset-liability management and the entire loan.
The Finzat and THC network, driven by Smart Contract and Blockchain technologies, is designed to simplify participants' operations, strengthen security protocols, shorten transaction time and ultimately increase profitability. Community banks and small-scale credit unions to fully access these benefits alone can now have the opportunity to do so through this network.
"Dr. Ho is a proven expert in loan trading and balance analysis We believe that the synergies created between Dr. Ho, when combined with Finzat's strength in blockchain technology, are substantial. This new partnership has significant potential to create a significant blockchain network effect, "said Dr. Gnanesh Coomaraswamy, CEO of Finzat.
Addition of senior senior advisor Alex J. Pollock, expert in mortgage markets and strategic consultancy to dr. The success of managing financial risk and negotiating loans offers Finzat distinct advantages as it seems to offer much needed competition in the approximately $ 10 trillion US dollars on the residential mortgage market. As president of the Federal Home Loan Bank in Chicago, Pollock created the highly successful MPF mortgage acquisition program. Also the managers of Finzat, Michael Moore and Dr. Gnanesh Coomaraswamy, were part of the MPF senior team. Federal Home Loan Bank mortgage lending programs amount to well over $ 55 billion today.
"THC is pleased to partner with Finzat, whose management team has outstanding results in the mortgage market and has acquired blockchain utility technologies.We anticipate that Finzat will integrate the THC network of analytical and transactional technologies for the management of asset liability, which in turn will be of great benefit to our customers, "said Thomas Ho, president of THC.
About Block One Capital Inc.
Block One Capital. is an investment company focused on the initial phase and high growth opportunities in the blockchain sector. Block One Capital is an issuer of investments listed on the TSX Venture Exchange: BLOK. Block One Capital seeks to invest in early-stage blockchain technologies at attractive valuations. Block One Capital seeks access to attractive pre-token emission blockchain equity investments for its investors. Block One Capital seeks to acquire a significant minority share when possible. Using our experienced management, administration and consulting team, Block One Capital seeks to offer investors a diversified basket of blockchain exposure.
For more information on Block One Capital, visit the Company's Web site at www.blockonecap. com .
"Sothi Thillairajah"
Chief Executive Officer
Forward-looking Statements
This press release contains forward-looking statements based on the Company's expectations, estimates and projections concerning its activity and context in which it operates, also as regards the investment objective of Block One Capital, the company's expectations and estimates regarding the profitability of Bitcoin mining, including the expected global hashrate and Bitcoin prices and the Company's plans for exit the Bitcoin mining business. Although Block One Capital believes that 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 results and results may differ materially from those expressed in such forward-looking statements and readers should not rely excessively 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, the risks associated with regulatory changes and the retail sector in general. , availability of personnel, materials and equipment in a timely manner, incidents or equipment failure, uninsured risks and receipt of the necessary TSX Venture Exchange approvals. These forward-looking statements refer only to the date on which they were made and the Company assumes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required by law. [19659013] Neither the TSX Venture Exchange nor its regulatory service provider (as defined by that term in the TSX Venture Exchange policies) accept responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION CONTACT: [19659005] Block One Capital Inc.
Office: 604-398-4485; email: [email protected]
[ad_2]Source link
