Decentralized BaaS enterprise BANKEX welcomes new advisors

BANKEX, the decentralized “Bank-as-a-Service” (BaaS) enterprise, today announced that Steven Wasserman, CEO, and Charles Wyman, portfolio manager of a New York-based asset management group, have joined the company as advisors.

Mr. Wasserman has more than 20 years of experience advising corporations on mergers, acquisitions, financing, portfolio management, and private equity. Formerly a senior managing director at Beige Group, he has held senior management positions at Rodman & Company and AMT Capital Partners. He was also named Merrill Lynch/Ernst & Young Entrepreneur of the Year.

Mr. Wyman has more than 30 years of experience in investment banking, research, and investment management at Lehman Brothers, Morgan Stanley, and Pacific Investment Management Company (PIMCO).

“Joining BANKEX as an advisor is an exciting endeavor,” Mr. Wasserman said. “BANKEX is at the forefront of an industry that is scaling rapidly. The finance industry has the potential to be one of the industries most impacted by the blockchain revolution and I look forward to contributing to the success of this project.

“With our previous experience in pioneering the application of the Special Purpose Acquisition Company (“SPAC”), we believe there is a significant opportunity to adapt the SPAC structure as a special vehicle for asset-backed tokens, connecting them to traditional capital markets and institutional capital.  Blockchain should lower barriers of entry for asset securitization with respect to legal costs, security, and payment infrastructure.”

The BANKEX platform enables off-balance sheet funding and chain finance on existing infrastructure.

Wyman and Wasserman join a BANKEX Advisory Board including Chris Skinner, chairman at the Financial Services Club; Griffin Anderson, founder of Balance3, a Consensys formation; Peg Reed, COO of Forex Development Corporation; Sergei Sergienko, founder and CEO of Chronobank; Makoto Takemiya, co-founder and Co-CEO of Soramitsu; Gabriele Columbro, executive director of Symphony Software Foundation; and Peter Crampton, Professor of Economics at the University of Maryland.