Digital Assets: TokenSoft Selects Former SEC and CFTC Regulator as Chief Legal Officer

TokenSoft, a digital asset issuance and management platform, has made a significant hire in the appointment of Alex C. Levine as its new Chief Legal Officer. Levine previously worked at both the Securities and Exchange Commission and Commodity Futures Trading Commission thus bringing unique regulatory experience to the platform. The news of the new hire has been preceded by the fact that TokenSoft recently was approved as a transfer agent – DTAC.  Levine will apparently help to management this portion of the business.

Levine said he was excited to join TokenSoft – describing the company as being at the forefront of paving a path for compliance  in regards to digital assets.

Mason Borda, CEO of TokenSoft said that hiring Levine is an important step in providing best in class compliance for security token issuance:

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

According to TokenSoft, Levine has spent more than 17 years as an attorney and legal executive focused on the practice of regulatory, securities, and derivatives law.  His prior roles in the cryptocurrency space include:

  • General Counsel & Chief Compliance Officer at Pangea, a global fintech company bringing banking and financial services to those unserved 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

Prior to moving into the private sector, Levine served in a number of senior legal and compliance roles with regulators and self-regulatory organizations including the:

  • Securities & Exchange Commission (SEC) where he was intimately involved in the regulatory response to the credit crisis.
  • Commodity Futures Trading Commission (CFTC) where he was a part of rulemaking efforts under the Dodd-Frank Act.
  • The Options Clearing Corporation (OCC), a systemically important financial market utility (SIFMU) where he led the implementation of a regulatory framework in response to Dodd-Frank requirements.


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