Block One Capital Executes Definitive Agreement to Acquire 30% of Affirmation Technology

Block One Capital (TSXV:BLOK) has announced it has entered into a definitive agreement to acquire 30 percent of Affirmation Technology Group LLC.

As quoted in the press release:

Affirmative Technology provides the technical infrastructure to power a suite of decentralized compliance solutions through the INTELid™ (www.intelid.com) platform. The business proposition is to bridge the gap between the growing want for decentralized, peer-to-peer financial markets, and the global need for compliance adherence as required by current market regulators and other governing bodies. Affirmation Technology was founded by Wall Street veteran and long-time technology strategist Scott Carotenuto.

“INTELid is where investors, traders and other would-be blockchain participants have actual ownership of their [verified] AML, KYC, and investor accreditation data. Compliance requirements surrounding new issue securities tokens, crypto trading, as well as counterparty-risk assessment for OTC and secondary markets are going to continue to evolve with advancements in use cases for blockchain and cryptography, and we intend to position INTELid as the benchmark for decentralized compliance solutions. INTELid user data ownership is coupled with the individual owner’s ability to also control the level of confidentiality or anonymity employed when conducting business,” said Mr. Scott Carotenuto.

Click here to read the full press release.