Phunware Inc (NASDAQ:PHUN) announced that it has appointed cryptocurrency expert Elliot Han to its board of directors.
The company said that Han brings extensive experience to the position, with his expertise spanning corporate finance, strategy and development, corporate law, start-up operations, investments, and digital asset finance.
He currently serves as a partner at boutique investment and merchant bank PGP Capital Advisors and has previously held several leadership positions at Cantor Fitzgerald, including Head of FinTech/Blockchain.
Phunware CEO Mike Snavely welcomed Han to the position.
“He’s a roll-up-his-sleeves and get-to-work kind of guy with great ideas on how to maximize the value of our digital asset ecosystem, including PhunCoin and PhunToken,” Snavely said in a statement.
“As a cryptocurrency expert, Elliot will make a great addition to the Phunware team as we continue to expand and elevate our offerings.”
Han, meanwhile, added: “The company’s unprecedented potential in digital assets, along with my interest in this key area, drew me to Phunware, and I look forward to working closely with the management team to support the creation of a truly novel kind of business that drives innovation and growth.”
Phunware’s shares were higher following the announcement, up 11.5% at US$0.33 in early trade on Friday.
Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware technologies, by leveraging brands, mobile consumers, partners and digital asset holders and market participants.