This week, the popular security token issuance platform, Tokensoft announced the acquisition of Alex C. Levine as Chief Legal Officer. Levine has over 17 years of experience as an attorney and legal executive in the Fintech sector. Now, Tokensoft intends to utilize this experience to further its US expansion goals.
Discussing the hiring, Levine described the feeling of excitement he received when he joined the TokenSoft network. He explained that the regulatory framework for blockchain and cryptocurrency is “rapidly evolving.” This fast-paced market makes it difficult for firms to navigate the regulatory requirements associated with tokenized assets.
Top-tier Financial Institutions
Tokensoft seeks to secure compliance for top-tier financial institutions with the maneuver. Mason Borda, CEO of TokenSoft called the decision “an important step” for the firm. The company’s goal to provide the best in class compliance tooling requires someone with the level of experience Levine possesses. His cross-over knowledge between traditional and blockchain-based securities allows Tokensoft to meet the complex compliance needs of enterprise-level crowdfunding campaigns.
Alex C. Levine – An Impressive Resume
Alex’s regulatory and blockchain experience spans nearly two decades. He has held high-level positions in a myriad of traditional financial firms and regulatory agencies. Specifically, he was a senior legal and compliance officer with the U.S. Securities & Exchange Commission (SEC), U.S. Commodity Futures Trading Commission (CFTC), and The Options Clearing Corporation (OCC).
His responsibilities covered a wide scope of actions during these years. He helped the SEC contrive a regulatory response to the credit crisis. Additionally, he helped enforce and educated businesses about the Dodd-Frank Act. The Dodd-Frank Act placed stricter regulations on lenders and banks. The goal of these restrictions was to protect consumers and ultimately, prevent another major economic recession.
Levine – Experienced Fintech Lawyer
Levine’s legal experience covers the practice of regulatory, securities, and derivatives law. As such, he provided strategic guidance directly to US regulatory bodies. Consequently, he helped develop much of the current regulatory framework in the US.
Levine is well-known in the blockchain sector for more than his work with regulators. He was the Head of Legal & Chief Compliance Officer at LedgerX. He also oversaw the launch of the first federally authorized exchange and clearinghouse for Bitcoin. Additionally, he held executive positions at both Pangea and TrustToken.
The company is already recognized as a leading platform for issuers and investors of tokenized assets. As part of the company’s goal to develop a complete security token ecosystem, the firm developed proprietary software for investor onboarding, distribution, custody, and token administration processes. Additionally, Tokensoft recently received registration approval for its SEC affiliate transfer agent license. Importantly, adding Levine to the Tokensoft network strengthens the firms positioning in the market.
Tokensoft + Levine = Smart Move
There is no doubt that Levine can help steer Tokensoft through the nuances of the developing tokenization sector. You can expect to see Levine play a major role throughout the firm’s US expansion. For now, investors are excited to see what Tokensoft has in store moving forward.