Alex C. Levine Joins US Security Token Platform As Chief Legal Officer
Alex C. Levine Joins US Security Token Platform As Chief Legal Officer
December 18, 2019
Alex C. Levine Joins US Security Token Platform As Chief Legal Officer
Alex C. Levine Joins US Security Token Platform As Chief Legal Officer
December 18, 2019

TokenSoft, a security token platform, has hired Alex C. Levine, formerly of several key United States financial regulators, to handle compliance for all security offerings.

On December 17, it has been reported that the San Francisco-based token issuance platform announced the hiring of Levine as its new Chief Legal Officer of TokenSoft and President of DTAC, TokenSoft‘s affiliate transfer agent.

However, Mason Borda, the CEO of TokenSoft, said that Levine will help the firm to ensure that its customers receive the “best-in-class” compliance tooling for security token issuances.

He added:

“Alex’s regulatory and blockchain experience will ensure our transfer agent offering can meet the complex compliance needs of all security offerings.”

Levine himself said that he is excited to join TokenSoft and help it navigate the regulatory requirements for security offerings and token issuances. 

ALSO READ :  Blockchain Platform “Release” Is Ready To Transform The Agriculture And Fishing Industries

He also stated:

“I am excited to join TokenSoft not only to help further the compliant issuances of tokens and digital assets but to push for the development of a regulatory framework for the trading and custody of such assets by working with the SEC and FINRA as rules and regulations are established governing the crypto space in the US.”

Likewise, Levine’s LinkedIn profile further reveals that prior to his position at TokenSoft, he worked as a General Counsel and Chief Compliance Officer at Pangea, a money transfer platform.

Prior to that position, he also served as a Senior Regulatory Counsel at the Commodity Futures Trading Commission (CFTC) and as a Senior Counsel at the U.S. Securities and Exchange Commission (SEC).

Moreover, in July, TokenSoft announced that it was adding Know-Your-Business (KYB) services to enhance customer due diligence requirements in compliance with an amendment to the Bank Secrecy Act. However, the new feature purportedly intends to simplify a number of on-boarding procedures, including collection and verification of entity data, as well as personal data from the authorized signer, beneficial owners and others.

ALSO READ :  PayPal's Crypto Trading And Payments Goes LIVE For All Eligible Customers In The US

Thus, at the time, Borda said that the new level of automation provided by KYB reduced the processing time of data collection and verification from an average of ten days to a few hours.

Source: cointelegraph.com


Disclaimer

Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Ishita Bora

Ishita Bora is a Senior Content Creator at Digital Notice Media Labs with an experience of 1 year. She has completed her Master's Degree in Language and Linguistics in 2019 from Gauhati University, India. Her interest lies in blockchain technology and cryptocurrency space, as she loves writing about blockchain and other blockchain-related articles. Currently, she is working on blockchain-based news, reviews, featured articles, and guides.