OST welcomes its newest member to the team, David Brill, OST’s Global General Counsel! Based in NY, David leads all legal matters and supports the OST team on everything legal and regulatory. David also leads key projects such as OST’s upcoming Branded Token Exchange which will enable OST partners’ end-users to obtain liquidity for their branded tokens. Before joining OST, David worked at the Gemini exchange as General Counsel.
Tell us about yourself!
I grew up on the east coast of the United States. After attending college and grad school here in the U.S., I moved to New York and this is where I’ve been practicing. I’m an avid traveler and a big sports fan and I play a lot of sports. I have been in this industry for about twenty years, so I’ve had the good fortune of doing fintech before crypto came along. Now the next evolution in fintech is crypto, so I’m really grateful to be part of the ecosystem!
What was your first experience with blockchain technology?
My first experience was reading the Ethereum white paper and buying some tokens and just getting involved in the ecosystem. How the tokens worked and how to buy them has greatly evolved since I first bought tokens. What led me into blockchain was learning how the exchanges work and how to make them better.
What do you think about the current blockchain and cryptocurrency regulatory climate?
It’s complicated, in some countries they really made it easier to go to market and do business. I think that the countries that are really friendly to crypto companies from a regulatory standpoint will see companies be under their domicile and really grow their business there. There are some countries that are making it much more difficult for crypto companies work in their jurisdiction and Ithink you’ll see a much more limited presence there.
What’s your experience with token exchanges?
I had a really good experience being part of the Gemini exchange. I think that exchanges are really critical pipelines for the liquidity of crypto and for the people to be able to trade digital assets. Having been at an exchange when Ethereum first got listed provided me with a lot of experience helping currencies get listed on exchanges as well as the day to day running of the exchange from a legal compliance standpoint.
Tell us about the Branded Token Exchange project that you’re leading at OST
It’s a really exciting project! The branded token exchange project will allow branded tokens to be traded for other digital assets in addition to having a fiat gateway. Individuals will be able to take their branded tokens and exchange them for other branded tokens, OST, other cryptocurrencies or digital assets, and at some point individuals will be able to exchange them for fiat currency. It really will present holders of branded tokens with a lot of options as they can decide how they want to monetize them or if they want to trade them for different tokens or other digital assets.
What are some of the challenges and opportunities involved with providing liquidity for Branded Tokens?
This is exciting because it creates additional tools for people to have. There really aren’t a lot of branded tokens out there and we’re really at the forefront of doing this. Some of the challenges include getting licensing around the world as there is no one central licensing agency. Different countries have different rules so we really have to rely on our experience both here in the U.S. and abroad to work through that structure so that we can get the branded token exchange up and running. It’s complicated but we have an experienced team here and we have a good plan to execute.
How has your first few weeks at OST been?
What’s great about OST is that we have people that have are very welcoming. Having offices in Europe, Asia and the U.S. allows us to really to be efficient. We have the ability to have a 24/7 or 12/7 schedule as far as work. We really have a lot of dedicated, innovative people here looking to create something new and exciting. I would just like to tell the community that there’s really a lot of interesting things in the pipeline, so to keep track of what we’re doing on Medium, YouTube, and at different hackathons. This is going to be an exciting time in the development of OST and for the growth of the company.
THANK YOU, DAVID!
Be sure to check our last interview with Paul Kuveke, Blockchain Strategy Consultant at OST. Subscribe to our YouTube channel or listen to the audio format on anywhere you listen to podcasts, including on iTunes, TuneIn, and Spotify. We’re also now available on Alexa! Simply add “OST LIVE” to your flash briefing.
OST blockchain infrastructure empowers new economies for mainstream businesses and emerging DApps. OST leads development of the OpenST Protocol, a framework for tokenizing businesses. In September 2018 OST introduced the OpenST Mosaic Protocol for running meta-blockchains to scale Ethereum applications to billions of users. OST KIT is a full-stack suite of developer tools, APIs and SDKs for managing blockchain economies. OST Partners reach more than 200 million end-users. OST has offices in Berlin, New York, Hong Kong, and Pune. OST is backed by leading institutional equity investors including Tencent, Greycroft, Vectr Ventures, 500 Startups.