INX Limited Taps Former NYDFS Crypto Chief as Deputy General Counsel

INX Limited, which operates the first Security Token Security Token Security tokens are cryptocurrency tokens that represent a contract into an underlying security, which could include stocks, funds, bonds, and real estate investment trusts (REITs.) Security tokens can also be used as a method of fundraising. A security token offering (STO) is similar in nature to an initial public offering (IPO), however involves tokenized digital securities, known as security tokens. These are then sold in cryptocurrency exchanges. Tokens can be used to trade real financial as Security tokens are cryptocurrency tokens that represent a contract into an underlying security, which could include stocks, funds, bonds, and real estate investment trusts (REITs.) Security tokens can also be used as a method of fundraising. A security token offering (STO) is similar in nature to an initial public offering (IPO), however involves tokenized digital securities, known as security tokens. These are then sold in cryptocurrency exchanges. Tokens can be used to trade real financial as Read this Term IPO cleared by the US regulators, announced on Monday that it has appointed Jonathan Blattmachr as deputy general counsel. According to the press release, Blattmachr will oversee the regulatory strategy of INX and its operating subsidiaries.

Prior to his new role at INX Limited, the executive worked as Virtual Currency Chief and Assistant Deputy Superintendent at the New York State Department of Financial Service (NYDFS) in its Research and Innovation Division. Furthermore, during his tenure at NYDFS, Blattmachr was in charge of checking applications and supervising policy teams for regulated entities which pursue cryptocurrency activities in New York State. “We are excited to have Jon join us and help guide us through the regulatory landscape of digital assets. His experience at NYDFS and in private practice will be critical as we establish ourselves as the preferred global hub for digital assets,” Alan Silbert, CEO of INX Limited North America, commented on the new hiring.

Additionally, Blattmachr was in private practice at BakerHostetler LLP and Schulte Roth & Zable LLP before joining NYDFS. “I expect Jon and I will make a formidable team to lead INX through the continued expansion of its businesses in a manner that is business forward and compliant with the current and future global regulatory regimes,” Cathy Yoon, INX General Counsel, stated.

Acquisition of Openfinance Securities

The new appointment comes after a critical acquisition completed by the company in June. Finance Magnates reported that INX Limited completed the acquisition of Openfinance Securities, LLC, after receiving approval from the Financial Industry Regulatory Authority (FINRA). As a result, the owner of Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tampe Read this Term-based platforms now operates Openfinance’s broker-dealer/ATS, including its listings and client base.

The plan of acquiring Openfinance was first announced in October last year, as INX agreed to purchase 100% of Openfinance’s broker-dealer and its alternative trading system (ATS).