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Wellfield Technologies Inc
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Shares Issued 102,270,376
Close 2021-12-09 C$ 1.30
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Wellfield Technologies appoints Agmon as adviser

2021-12-09 14:40 ET - News Release

Mr. Levy Cohen reports


Wellfield Technologies Inc. has named Dr. Tamir Agmon, a renowned professor, researcher and global financial consultant, as the second member of the company's advisory board. This follows the appointment of global payment and financial technology leader William Keliehor, as announced on Dec. 3, 2021.

Management commentary

Levy Cohen, chief executive officer of Wellfield, commented: "One of the most-common ways that technology companies fail is by focusing only on developing great underlying technology without building a path to real-world application and adoption. Tamir's deep experience and ongoing research on the evolving decentralized financial market and trading protocols, as well as his expertise in the venture capital world, have been critical in focusing our team on developing practical solutions -- based on great tech -- that are necessary to unlock the power of DeFi. As we look forward to launching our Seamless protocols in 2022 and beyond, Tamir's continued expertise will help ensure that Wellfield delivers strong, value-adding blockchain solutions for financial industry participants."

About Dr. Tamir Agmon

Dr. Agmon is one of the founding partners of Seamless Logic Software and is actively engaged in research regarding decentralized trading and the decentralized financial market. Currently, his research is focused on the applications of financial economics in the DeFi ecosystem. His recent research (to be published soon) considers the conceptual basis of bitcoin in a portfolio of growth capital securities with different risk profiles. Dr. Agmon is one of the leaders of a European Union research project under the Marie Sklodowska-Curie Actions (the European Union's reference program for doctoral education and postdoctoral training), called "TRUST -- Digital Turn in Europe Strengthening Relational Reliance through Technology," a multicountry project that launched in 2021 and is set to continue for four years.

Dr. Agmon is a professor of finance (emeritus) at the Collier School of Management, Tel Aviv University, Israel, and visiting professor of finance at the University of Gothenburg (Sweden), where in 2020 he was designated as an honorary doctor of economics. He graduated with a PhD in finance from the University of Chicago and has held visiting appointments at the Massachusetts Institute of Technology and the University of Southern California.

Dr. Agmon has had a long career in financial consulting in Israel, the United States and Europe. He was the founder and the managing director of Clali & Associates, an investment banking company (jointly with Edmond de Rothschild and Investec Group). He has also served as a director on the boards of a number of companies in both the financial and industrial sectors in Israel, including one of the country's largest insurers.

Dr. Agmon has been published in leading professional journals in finance and economics, such as the Journal of Finance, the Journal of Business, the Journal of International Business Studies, the European Economic Review and the International Journal of Technoentrepreneurship. His most-recent paper was published at the European International Journal of Management in 2021. Dr. Agmon has also published a number of books. His most-recent book is titled "Venture Capital and the Inventive Process," published in 2016.

Dr. Agmon has been deeply involved in the Israeli venture capital industry since its inception, serving both research and consultative functions.

About Wellfield Technologies Inc.

Wellfield is focused on unlocking the power of decentralized finance by building open and accessible decentralized protocols and also blockchain-based consumer products. Seamless -- the company's protocol layer brand -- focuses on solutions that enhance and optimize liquidity in the ethereum ecosystem, make bitcoin compatible with DeFi and enable decentralized cross-blockchain exchange. MoneyClip -- Wellfield's application layer brand -- is powered by DeFi to enhance everyday financial products and make money work for the way people live.

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