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JanOne Appoints Vay Tham as its Chief Revenue Officer and President of its Fintech Subsidiary, ALT5 Sigma
JANJanOne (JAN) Prnewswire·2024-06-26 11:30

Core Insights - JanOne Inc. has appointed Vay Tham as Chief Revenue Officer and President of ALT5 Sigma, Inc., marking a significant leadership change aimed at enhancing the company's market strategy and revenue growth [2][9][10] - ALT5, a fintech company launched in 2018, focuses on blockchain-powered technologies and processed over 1.2billionincryptocurrencytransactionsin2023[3][13]CompanyOverview−JanOneisamultidisciplinaryorganizationlistedonNasdaq,focusingonhealthcareandfintech,andispartoftheRussellMicrocapIndexstartingJune28,2024[5][9]−ALT5Sigma,awholly−ownedsubsidiaryofJanOne,aimstoexpandthemarketshareofALT5′sdigitalfinancialecosystem[10][11]LeadershipandStrategy−VayThambringsover25yearsofexperienceincapitalmarkets,particularlyintechnologysectors,andhasahistoryoffoundingandmanagingafundwithover1.2 billion in cryptocurrency transactions in 2023 [3][13] Company Overview - JanOne is a multidisciplinary organization listed on Nasdaq, focusing on healthcare and fintech, and is part of the Russell Microcap Index starting June 28, 2024 [5][9] - ALT5 Sigma, a wholly-owned subsidiary of JanOne, aims to expand the market share of ALT5's digital financial ecosystem [10][11] Leadership and Strategy - Vay Tham brings over 25 years of experience in capital markets, particularly in technology sectors, and has a history of founding and managing a fund with over 300 million in assets [9][10] - Tham's role will involve leading ALT5 Sigma's go-to-market strategy and educating customers on the ALT5 product suite [2][10] Product Offerings - ALT5 offers two main platforms: "ALT5 Pay," a cryptocurrency payment gateway, and "ALT5 Prime," an electronic over-the-counter trading platform for digital assets [3][4][11] - ALT5 Pay allows global merchants to accept cryptocurrency payments and convert them to fiat currency automatically [11]