TokenSoft Lures Compliance Veteran, EX-CFTC Regulator Alex Levine
- Levine will serve as Chief Legal Officer, bringing with him years of regulatory, fintech, and cryptocurrency experience.
TokenSoft, a platform for issuing digital securities using 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 technology, has strengthened its team with the addition of Alex Levine, who served in a number of senior legal and compliance roles with US regulators.
Levine has taken on the role of TokenSoft’s chief legal officer and will also lead its subsidiary, DTAC LLC, which was recently approved as a transfer agent with the US Securities and Exchange Commission (SEC).
Leveraging his broad experience, Levine is acting as head of DTAC for assisting the upstart in interacting with regulators, specifically in the crypto and blockchain side of things.
Alex Levine
Levine brings with him nearly two decades of experience as an attorney and legal executive, including a total of five years tenure at the US top regulators, the SEC and CFTC. Over the past few years, he was also involved in providing guidance and establishing regulatory frameworks to a number of blockchain and cryptocurrency companies.
Regulatory experience and cryptocurrency roles
On the crypto front, Levine served as chief compliance officer at Chicago-based mobile money transferring platform Pangea, as well as head of legal at TrustToken, the issuer of a stablecoin tied to the US dollar and other currencies. He also held analogous positions as head of legal and compliance officer at LedgerX, a CFTC-authorized exchange and Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term for cryptocurrency derivatives.
Furthermore, Levine was previously director of regulatory and compliance at The Options Clearing Corp. and general counsel at Gladius Capital Management.
Commenting on his appointment, Mason Borda, CEO of TokenSoft, 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.”
TokenSoft, which is a blockchain company specializing in security token issuances, acquired last year a stake in an SEC-regulated firm in a move that will clear the path for it to operate as a registered broker-dealer. The acquisition puts the company on a firmer regulatory footing and positions it to offer a broader range of blockchain-based securities. It also allows the platform to perform all operations in a regulatory compliant manner.
“I am very excited to join TokenSoft and to help it navigate the regulatory requirements for security offerings and token issuances,” said Alex.
TokenSoft, a platform for issuing digital securities using 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 technology, has strengthened its team with the addition of Alex Levine, who served in a number of senior legal and compliance roles with US regulators.
Levine has taken on the role of TokenSoft’s chief legal officer and will also lead its subsidiary, DTAC LLC, which was recently approved as a transfer agent with the US Securities and Exchange Commission (SEC).
Leveraging his broad experience, Levine is acting as head of DTAC for assisting the upstart in interacting with regulators, specifically in the crypto and blockchain side of things.
Alex Levine
Levine brings with him nearly two decades of experience as an attorney and legal executive, including a total of five years tenure at the US top regulators, the SEC and CFTC. Over the past few years, he was also involved in providing guidance and establishing regulatory frameworks to a number of blockchain and cryptocurrency companies.
Regulatory experience and cryptocurrency roles
On the crypto front, Levine served as chief compliance officer at Chicago-based mobile money transferring platform Pangea, as well as head of legal at TrustToken, the issuer of a stablecoin tied to the US dollar and other currencies. He also held analogous positions as head of legal and compliance officer at LedgerX, a CFTC-authorized exchange and Clearing House Clearing House A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e A clearing house is defined as an intermediary between two parties, a buyer and seller, which helps facilitate the overall process from trade inception to settlement. Clearing houses streamline the exchange of payments, securities, or derivatives transactions.The clearing house is situated between two clearing firms who also helps reduce the risk of either member firm failing to honor their respective trade settlement obligations.Buyers and sellers enter into legally binding agreements for the e Read this Term for cryptocurrency derivatives.
Furthermore, Levine was previously director of regulatory and compliance at The Options Clearing Corp. and general counsel at Gladius Capital Management.
Commenting on his appointment, Mason Borda, CEO of TokenSoft, 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.”
TokenSoft, which is a blockchain company specializing in security token issuances, acquired last year a stake in an SEC-regulated firm in a move that will clear the path for it to operate as a registered broker-dealer. The acquisition puts the company on a firmer regulatory footing and positions it to offer a broader range of blockchain-based securities. It also allows the platform to perform all operations in a regulatory compliant manner.
“I am very excited to join TokenSoft and to help it navigate the regulatory requirements for security offerings and token issuances,” said Alex.