TokenSoft Inc, a California based digital security service provider known for its platform for issuing digital securities using blockchain technology has made a public announcement revealing the addition of a new executive to its senior level leadership team. As per statement released by the firm, it has hired former CFTC executive Mr. Alex Levine to serve as its new Chief Legal Officer and as the President of DTAC – a recently approved affiliate transfer agent. Alex is a veteran with more than 17 years of experience under his belt as an attorney and legal executive specializing in regulatory practices, securities and derivatives law. With addition of Alex, the firm now consists of 17 highly experienced executives, each an expert in respective fields working together in order to deliver on their promise of digital assets with institutional grade compliance.
Over the last couple of years, Alex has been highly active in regulatory circuit given his deep involvement in providing various firms with blockchain and cryptocurrency backgrounds services ranging from strategic guidance and establishment of regulatory framework expanding both his personal and the company’s regulatory and compliance network. Aside from his roles as member of US Commodity Futures Trading Commission’s Senior Regulatory Counsel and US Securities and Exchange Commission’s Senior Counsel, some of his most notable roles in his career are –
- General Counsel & Chief Compliance Officer at Pangea Money Transfer, a global fintech company bringing banking and financial services to those not served by the current marketplace via cryptocurrency, blockchain, and other innovations.
- Chief Regulatory Officer & Head of Legal at TrustToken, a fintech company that created the first regulatory-compliant stablecoin tied to the US dollar and other currencies.
- Head of Legal & Chief Compliance Officer at LedgerX, the first federally-authorized exchange and clearinghouse for bitcoin and other cryptocurrency derivatives.
- Director of Regulatory Compliance at The Options Clearing Corporation, a systemically important financial market utility (SIFMU) where he led the implementation of a regulatory framework in response to Dodd-Frank requirements.
Alex’s long career history made up of wide range of financial service providers and regulatory bodies makes him an expert in not just traditional financial verticals but also in some of modern verticals namely – fintech, blockchain, cryptocurrency, digital assets, fund investments. Commenting on his new role at the firm Alex said, “The regulatory framework for blockchain and cryptocurrency is rapidly evolving, and TokenSoft is at the forefront of paving a path of compliance for top-tier financial institutions looking to issue digital assets. I am very excited to join TokenSoft and to help it navigate the regulatory requirements for security offerings and token issuances”.
Commenting on the new addition made to TokenSoft’s core executive team, Mason Borda – CEO said, “Recruiting Alex to our team was an important step for TokenSoft to ensure our customers receive best in class compliance tooling for security token issuances. Alex’s regulatory and blockchain experience will ensure our transfer agent offering can meet the complex compliance needs of all security offerings”.