TokenSoft Hires SEC and CFTC Veteran Alex Levine as Chief Legal Officer
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TokenSoft Hires SEC and CFTC Veteran Alex Levine as Chief Legal Officer

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On December 17th 2019, security token platform TokenSoft announced Alex C. Levine as the firm’s new Chief Legal Officer. Levine will bring his legal expertise from the SEC, CFTC, and a number of blockchain firms to help manage DTAC, TokenSoft’s affiliate and newly announced SEC-registered transfer agent.


Security Token Platform TokenSoft Hires SEC and CFTC Veteran

TokenSoft helps companies compliantly issue securities using blockchain technology. Their platform enables the management of security tokens for the full lifecycle — including investor onboarding, distribution, custody, and asset management.

Last week, the company made headlines when its affiliate’s registration as a transfer agent was recognized by the Securities and Exchange Commission (SEC). Now, TokenSoft has announced Alex C. Levine as Chief Legal Officer and President of DTAC LLC, TokenSoft’s affiliate and SEC-registered transfer agent. Levine will fill the new role of managing DTAC.

As an experienced securities expert, Levine brings over 17 years of experience to TokenSoft. His previous positions entail working as an attorney and legal executive with a focus on securities, regulatory, and derivatives law.

He has worked as a consultant for a number of companies in the digital asset space in both providing guidance and helping create regulatory frameworks. Notably, Levine has also held senior positions with the U.S. SEC as well as the U.S. Commodity Futures Trading Commission (CFTC).

Mason Borda, TokenSoft’s CEO, says Levine’s expertise will help the company navigate the intricate regulatory requirements that come along with transfer agent registration:

“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.”

How Alex C. Levine’s Experience will Help TokenSoft

With the SEC, Levine helped develop the commission’s regulatory response to the credit crisis. Under the CFTC, he assisted in the creation of the Dodd-Frank Act — a Wall Street reform and consumer protection act which took effect under the Obama administration in 2010. He also worked with the Options Clearing Corporation (OCC) to implement a regulatory framework in order to comply with Dodd-Frank requirements.

In the blockchain realm, Levine has extensive experience as well. He served as General Counsel and Chief Compliance Officer at Pangea, Chief Regulatory Officer and Head of Legal at TrustToken, and Head of Legal and Chief Compliance Officer at LedgerX.

Levine also brings an impressive academic record to the table. He received a J.D. from Stanford with a focus on law and economics. Prior to the J.D., he received an MBA in Entrepreneurship and Analytic Finance from the University of Chicago Booth School of Business.

TokenSoft has made a number of developments throughout 2019. Earlier this year, the company announced the release of its custodial service, the Knox Wallet. The wallet can store a number of security token standards, including the ERC-20, ERC-1404, Securitize’s DS Protocol, Polymath’s ST-20, and Harbor’s R-Token. The wallet even has the capacity to store Bitcoin.

The company also revealed Know Your Business (KYB) services. KYB checks became a requirement for securities issuers after the FinCEN amendment to the Bank Secrecy Act.

On joining TokenSoft, Levine said,

“I am very excited to join TokenSoft and to help it navigate the regulatory requirements for security offerings and token issuances. The regulatory framework for blockchain and cryptocurrency is rapidly evolving, and TokenSoft is at the forefront of paving a path of compliance for top-tier financial institutions looking to issue digital assets.”

What do you think about Alex C. Levine joining TokenSoft? How will the platform continue to strengthen its position in 2020? We’d like to know what you think in the comments section below.


Image courtesy of TokenSoft.

December 18, 2019

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Tim Fries Tim Fries is the cofounder of The Tokenist. He has a B. Sc. in Mechanical Engineering from the University of Michigan, and an MBA from the University of Chicago Booth School of Business. Tim served as a Senior Associate on the investment team at RW Baird's US Private Equity division, and is also the co-founder of Protective Technologies Capital, an investment firms specializing in sensing, protection and control solutions (IoT).