BlockchainK2 Corp. (TSXV: BITK | OTCQB: BIDCF | FSE: KRL2) has announced the appointment of Michael Forstl as Chief Executive Officer, effective October 1, 2026, subject to TSX Venture Exchange acceptance. Forstl brings more than three decades of institutional distribution, digital-asset investing, and regulatory leadership experience to the Vancouver-based blockchain and digital-asset company. Outgoing CEO Sergei Stetsenko will remain with the company as Executive Chairman and director. The leadership change signals BlockchainK2's continued push toward institutional digital-asset markets.

Key Points

  • BlockchainK2 Corp. (TSXV: BITK | OTCQB: BIDCF | FSE: KRL2) announced a CEO transition effective October 1, 2026
  • Michael Forstl appointed CEO; Sergei Stetsenko transitions to Executive Chairman and director
  • Director Dr. Steven Sangha resigned effective September 28, 2026, surrendering 700,000 stock options at $0.77 per share for cancellation
  • Investors may be watching for TSX Venture Exchange acceptance of the appointment and any further board changes

Forstl's Institutional and Regulatory Background at the Core of BlockchainK2's Hire

Michael Forstl's career spans senior roles at Exos Financial, Morgan Creek Capital Management, ING Investment Management, and Nuveen Investments, where he accumulated more than three decades in distribution and product development. Notably, he served as CEO of Morgan Creek Capital Distributors, a FINRA-registered broker-dealer, and as Chief Compliance Officer at both Exos Securities and Exos Asset Management, an SEC-registered investment adviser. The release states this combination of institutional relationships and regulatory experience is central to BlockchainK2's strategy of building its business around asset managers, financial institutions, and distribution partners.

Forstl's Role in Digital-Asset Venture Investing and Fintech Leadership

At Morgan Creek Capital Management, Forstl played a key role in establishing the firm as a leader in digital-asset venture investing, according to the announcement. Earlier, he founded Strategic Intro, a consultancy that advised financial institutions including UBS and BNY Mellon on product launches and distribution. He holds a BA in Economics from the University of Georgia, is a graduate of the Securities Industry Institute at the Wharton School, holds the CIMA® designation, and maintains FINRA Series 7, 24, and 65 licences. He is also a member of the Blockchain Association.

Board Changes Include Sangha Resignation and Option Cancellation

Alongside the CEO appointment, BlockchainK2 disclosed that Dr. Steven Sangha resigned as a director effective September 28, 2026. The company confirmed the resignation was not the result of any disagreement with the company regarding its operations, policies, or practices. In connection with his departure, Dr. Sangha surrendered 700,000 incentive stock options, exercisable at $0.77 per share, for cancellation. The company noted Dr. Sangha will continue as a key adviser. The immediate share price impact was not clear from available public information.