Goldman Sachs Executive to Spearhead Regulatory Affairs Circle Internet Financial has hired Benedicte Nolens, a former Goldman Sachs executive director, as its new head of global regulatory affairs and head of compliance for Europe and Asia operations, as the company expands into global crypto securities trading, according to Business Insider.
Circle Eyes Securities Tokens
Circle, which also operates a cryptocurrency exchange and retail brokerage business, is looking to expand into securities tokens. Such tokens would enable the trading of crypto-based assets registered as securities.
Chief Executive Jeremy Allaire said the company wants to work with businesses looking to launch tokenized securities. In order to do this, Circle needs a regulatory framework that can support both crypto commodities and crypto securities. Cryptocurrency companies do not currently have regulatory authority to trade such securities, though many are pursuing licenses that will allow them to do so.
Nolens, for her part, thinks the next year will be devoted to understanding the regulatory situation rather than receiving clear regulatory guidance.
Circle is participating in regulatory meetings worldwide, Nolens said, noting that regulators are keeping an open mind and viewing things globally.
