Jake Seltzer is the founder of QuantixAI and currently serves as the Managing Director of Quantix Capital. Based in Dubai, United Arab Emirates, he has developed a career focused on financial innovation, blockchain technology, and business development. Seltzer’s professional endeavors include involvement in Web3 technologies and decentralized finance, where he has contributed to strategic growth and operational leadership.

Education

Jake Seltzer began his academic journey at Wellington High School in Florida, where he concentrated on business, management, and marketing. This early focus laid the groundwork for his career in finance. He went on to earn a Bachelor’s degree in Economics from the University of Florida in 2017, gaining expertise in economic theory and market analysis.

Career

Seltzer’s career commenced at Marylebone LLC, where he worked as an Associate from 2017 to 2019. Based in Washington, D.C., he was involved in financial analysis and investment strategies, contributing to projects that developed his skills in business operations and market evaluation.

In 2019, he co-founded Finance Blocks, a platform aimed at improving financial accessibility for underserved communities. As Chief Executive Officer, Seltzer led efforts to design blockchain-based solutions tailored to the needs of rural financial institutions. His leadership at Finance Blocks continued until 2023.

Seltzer briefly served as a North America Business Development Consultant for Tapbit in 2022. In this role, he worked on expanding the company’s presence in the U.S. market by building partnerships and enhancing client engagement strategies.

Since March 2023, Seltzer has been the Managing Director of Quantix Capital, where he oversees the firm’s strategic initiatives, focusing on innovation in financial markets and investment solutions.

Seltzer is actively involved in cultural and philanthropic initiatives. He is a member of the School of American Ballet Young Patron Program and a supporter of the Patrons of the Arts in the Vatican Museums. He also contributes to the preservation of historical landmarks, including the restoration of the SS United States.

Seltzer’s career has been accompanied by legal disputes during his time in Thailand. These issues, which include allegations of fraud and other claims, emerged after his tenure at Finance Blocks and have resulted in ongoing legal proceedings. Details regarding the resolution of these cases remain unclear. Despite these challenges, Seltzer has continued to pursue his professional career in the financial and technology sectors.

Interviews

Seltzer's Perspectives on Tokenization #01

In an interview with "3.0 TV" on October 7, 2023, Jake Seltzer discussed the transformative potential of tokenized assets on blockchain and their growing impact on global financial markets. Speaking during the ABC Conclave 2023 in Dubai, Seltzer highlighted the rapid expansion of the tokenization market, projecting its value to reach $6 trillion. He emphasized how tokenization enhances liquidity for traditionally illiquid assets, with real estate as a key example, where fractional ownership enables smaller investors to participate in property markets.

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Seltzer also stressed the critical role of regulatory frameworks in fostering trust and accountability. He argued that while tokenization creates unprecedented opportunities, clear regulations are necessary to ensure sustainable growth and protect investors.

Reflecting on Dubai’s emergence as a Web 3.0 hub, Seltzer noted the city’s efforts to attract innovation but acknowledged competition from other regions such as Hong Kong and Saudi Arabia. He concluded by encouraging younger generations to explore careers in emerging sectors like tokenization and blockchain, highlighting the importance of aligning with industries shaping the future economy.

This interview showcased Seltzer’s perspective on tokenization as a transformative force and the importance of balancing innovation with regulatory oversight. ^[1]

Seltzer talks about business on the VoyageMIA

Jake Seltzer shared his journey and vision for financial inclusion in an interview with VoyageMIA on November 22, 2022, while serving as the CEO of Finance Blocks. In this conversation, Seltzer recounted the origins of Finance Blocks and the challenges faced in creating a blockchain-powered solution aimed at revolutionizing access to financial services for underserved communities in rural areas.

Seltzer’s inspiration stemmed from a pivotal trip to India in early 2019, where he witnessed firsthand the stark disparities in financial access. Struck by the limitations faced by many, he extended his visit to better understand local cultures, rural financial systems, and the challenges of financial literacy. This experience fueled his motivation to leverage blockchain technology to bridge the gap between rural financial institutions (RFIs) and the unbanked population.

In collaboration with co-founders and a team of developers, Seltzer worked to create a platform that would digitize legacy financial systems for RFIs while offering unbanked users digital tools to manage their finances. The platform employed blockchain technology to ensure transparency, accountability, and efficiency in financial operations. According to Seltzer, the solution aimed to simplify processes for RFIs while giving users access to features such as credit scores, account monitoring, and financial updates via a mobile application.

During the interview, Seltzer reflected on the numerous challenges the team faced, including navigating corruption, institutional bureaucracy, and technological hurdles. The COVID-19 pandemic intensified the urgency of the project as the crisis underscored the need for digital financial services, especially in regions with limited infrastructure. Despite these obstacles, Seltzer emphasized the resilience of the team, which often worked extended hours to push the project forward.

By early 2022, Finance Blocks had begun beta testing its platform in Madhya Pradesh, India, with 22,000 users across two financial institutions. Seltzer highlighted the project’s scalability and the interest it garnered from global investors, leading to a $25 million capital commitment from GEM Digital. This funding allowed Finance Blocks to expand its operations beyond India, targeting markets in Africa, including Nigeria, Zimbabwe, and Kenya.

Seltzer described Finance Blocks as a mission-driven enterprise focused on social impact rather than profit. He envisioned the platform enabling up to five million users to access financial services within three years. According to him, Finance Blocks set itself apart by offering solutions free of charge to rural financial institutions, prioritizing the socioeconomic upliftment of underserved communities.

Reflecting on his journey, Seltzer noted the risks he took as a young entrepreneur venturing into unfamiliar territories. He viewed these risks as essential to driving change, emphasizing that bold decisions and a clear vision were key to addressing systemic issues in rural finance. ^[2]