More Regulators Join Fortress Trust Company for Web3 Infrastructure
LA VEGAS, August 2, 2022 /PRNewswire/ — Fortress Trust Company, a wholly owned subsidiary of Fortress Blockchain Technologies, welcomes Joe Mulberry to its leadership team as Senior Vice President of Regulatory Licensing.
Joe joins Fortress after 30 years of government service in the Wyoming Banking Division where he served as Deputy Commissioner and most recently as Acting Banking Commissioner. Within the banking division, Joe’s primary duties were to oversee all money issuers and non-bank consumer lenders. “Joining Fortress Trust Company is a unique opportunity to be at the forefront of Web3 infrastructure with a team committed to compliance, innovation and equal access to scalable financial and regulatory infrastructure.” said Joe Mulberry.
“As the regulation of cryptocurrencies in general, and fungible and non-fungible tokens in particular, continues to evolve, it is critical for industry leaders to ensure compliance convergence with building innovation of the future of finance,” said Albert Forker, CEO of Fortress Trust. “I have worked with Joe for several years and he shares our commitment to regulatory compliance and upholding state regulatory oversight over banking, trust services, money transmission and tokenized assets. He is a another amazing addition to the growing Fortress Trust team!”
Recent news of assets being locked up or subject to third-party claims due to bankruptcies, as well as a new wave of crypto legislation only underscore the need for a regulated trust infrastructure. Only in this structure are assets protected against seizure and regulatory compliance ensured. This is why the team at Fortress Trust has been built with a thorough regulatory bench, so they are ready to provide this infrastructure to this rapidly emerging industry.
Another recent regulatory recruit includes Tudor Prisneac who heads Fortress Trust’s financial intelligence unit. Tudor’s regulatory compliance experience began in Europe to the financial intelligence unit of the Republic of Moldova, where he conducted investigations related to fraud, corruption and other predicate offenses reported by banks, money services businesses and other reporting entities. He is a member of the Board of Directors for the Southern Nevada Chapter of ACAMS.
“Web3 will completely transform the world as every asset imaginable will be digitized and placed on the blockchain,” said Scott Purcellfounder and CEO of Fortress Blockchain Technologies, “As in the dawn of the Internet, today’s marketplaces, neo-banks and other market players need a financial, regulatory and technological infrastructure specially designed to be able to create seamless customer experiences and scale their businesses.With our embeddable wallet technology, API generation engine, payment and trust services, we provide the next generation of innovators with the tools and technology to launch quickly and scale seamlessly.”
About Fortress Blockchain Technologies
Fortress Blockchain Technologies is a software development company and holding company purpose-built to create financial, regulatory, and technology infrastructure for the burgeoning Web3 space. Fortress Trust Company is a wholly owned subsidiary of Fortress Blockchain Technologies and is a full retailer Nevada-chartered financial institution.
SOURCE Fortress Blockchain Technologies