New York-based blockchain company tZERO, which is a majority-owned subsidiary of Overstock.com, announced Wednesday that a former in-house attorney at Mastercard has been named the company's chief legal officer.

Alan Konevsky is responsible for overseeing the company's legal, regulatory, public policy and compliance functions. He is the leader of the company's in-house team and reports to tZERO's CEO, Saum Noursalehi. According to Konevsky's LinkedIn profile, he began working at tZERO in November. It was not immediately clear if he is the company's first chief legal officer.

“I am thrilled to join the tZERO team at such an exciting juncture in its history, particularly as we are working to launch one of the world's first regulated STO exchanges. I am looking forward to working closely with policymakers, regulators, business partners and other stakeholders in our ecosystem to create more efficient and transparent capital markets with blockchain technology,” Konevsky said in the news release.